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"FoodPolis" in Making
Roles, Vision of Korea National Food Cluster Announced in Press Conference in Seoul
Dir. Gen. Lee Ju-myeung of the Food Industry Policy Bureau of the Ministry of Agriculture, Food, and Rural Affairs (MAFRA) explains about "FoodPolis" at press gathering held at Plaza Hotel in Seoul on Oct. 28, 2015.

Ministry of Agriculture, Food, and Rural Affairs (MAFRA) announced that they had held a press briefing for foreign correspondents in order to attract interests in Korea National Food Cluster from international food companies and expand investment attraction. The event was held in Orchid Room of The Plaza Hotel in Seoul at 10:30 a.m. on Oct. 28, 2015.

On the day of the press briefing, more than 30 major foreign journalists were invited including Reuters and Financial Times from UK, Xinhua News Agency from China and other media from all around the world.

Especially, in order to facilitate participants’ understanding of Korea National Food Cluster, photos of groundbreaking ceremony, domestic and international investment attraction activities, status of Temporary Research Center were exhibited inside of the venue.

Lee Ju-myeung, director general of the Food Industry Policy Bureau of the Ministry of Agriculture, Food and Rural Affairs, explained that "the South Korean government is trying to make Korea National Food Cluster to be the strategic point for export, and the government will actively support domestic and foreign food companies to stretch out to the global food market.”

He also mentioned that“Recently Foreign Investment Zone (FIZ) in Korea National Food Cluster was designated. Thus, the benefits for foreign companies such as 50 years of land rent exemption are increased and the advantages for moving in are increased as well. In the case of the Czech beer company, Gold of Prague, is planning to build a production facility next year.”

At this briefing, Dr. Kwon Dae-Young from the Korea Food Research Institute introduced Food Valley in the Netherlands, one of the world's leading food cluster, and lectured on the topic of ‘the Global Competitiveness of Korea National Food Cluster.’

According to Dr. Kwon, "Unlike overseas food cluster such as Food Valley in the Netherlands or Napa Valley in the United States, Korea National Food Cluster is the first government-led food specialized industrial complex. Therefore, it can provide overall supports including R&D, export, human resources, and marketing.”

Also, he continued by saying "When the Korea National Food Cluster is completed, foreign food companies will able to develop new kinds of food such as health functional food through joint research with R&D centers such as Functional Food Evaluation Center, Food Quality and Safety center, and Food Packaging Center.”

Ministry of Agriculture, Food, and Rural Affair believes this press briefing will inform their process and share the information about the Korean food industry to foreign correspondents in Korea. Furthermore, MAFRA will do its best to strengthen its cooperative relation with foreign correspondents and expand investment attractions of Korea National Food Cluster.

Asia-Pacific region has been ranked as the largest food market in global food market since 2014. When initial construction of Korea National Food Cluster is completed in 2016, it will be the first food cluster in Asia-Pacific region. Korea National Food Cluster currently signed MOUs with 113 companies (52 global companies from 16 countries, 61 domestic companies).

Five domestic companies signed land purchase contract while six foreign companies handed in their investment report to the government. Temporary Research Center which supports research and development for companies in Foodpolis started operating from the 2nd half of last year.

Korea National Food Cluster which will be built in Jeollabukdo, Iksan, has a geographical advantage of having access to about 50 countries including China and Japan with more than 1.5 billion populations in only two hours flight range. In total area of 2,320,000m2 (232ha), the cluster is formed with foods specialized industrial complex and food city that includes residential and cultural complex.

The cluster is also equipped with business support and R&D facilities including Functional Food Evaluation Center, Food Quality and Safety Center, Food Packaging Center, Pilot Plants, Food Venture Center (Rental Plants), and Agency for Korea National Food Cluster.

Also, based on South Korea's world class IT technology, Korea National Food Cluster will support technologies and facilities that are related to food safety, functionality, and packaging. In case of foreign companies, they will be provided with 100 percent national tax exemption for three years based on its investment scale along with other tax reduction benefits for 50 years.

In addition, Korea being signed FTAs with 52 countries will help opening up exporting routes not only for the Northeast Asia market but also for the global food market as well. Also, as Korea National Food Cluster is the very first food cluster being built in Asia-Pacific, it will bring about new profit making opportunities.




 

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