The South Korean government will increase support for "agri-tech" or advanced agriculture companies, including vertical farms, to expand overseas.
Minister of Trade, Industry, and Energy Ahn Duk-geun and Minister of Agriculture, Food and Rural Affairs Song Mi-ryung announced the initiative on Tuesday at Plan T Farm, a Pyeongtaek-based company specializing in vertical farming.
Vertical farming is a commonly known smart farming technology that integrates advanced technologies such as information and communication technology (ICT), robotics, and artificial intelligence (AI) to automate farming processes, including temperature and humidity control, within indoor, multi-level structures.
The government will relax regulations to allow for the establishment of vertical farms on designated agricultural land and amend laws to include vertical farming in the list of industries eligible to occupy industrial complexes.
Read more at pulsenews.co.kr