K-Ecofarm
(CEO Uigi Hong) is an up-and-coming start-up venture company for Smart Farm
system development and bio raw material development.
In
particular, the company is striving for the development of not only domestic
markets but also overseas markets through hydroponic ginseng related vertical
value chain integration from processing ginseng seeds to processed product
development, based on hydroponic ginseng cultivation technology. Although the
company is still newly born, and the small firm passed only two years from its
establishment, the company has secured many intellectual properties related to
hydroponic ginseng cultivation and raw material development through endless
research, development, and efforts on the one hand, and on the other it has concluded
business collaboration with foreign government agencies and research centers,
which is utilized as a bridgehead for export. About 1 billion won of sales are
expected for this year.
The company won the grand
prize of 2018 first half Korean superior patent and received a final evaluation
of excellence for the 2018 IPET Agricultural Industrial Technology Development
Project. Now, the company is preparing to enter overseas markets including
Vietnam.