A massive agriculture complex will be developed in Pocheon, Gyeonggi Province as part of a joint project between Korean and Chinese industry players, the Korea-China Private Economic Association announced Sunday.
The agriculture complex, which would sit on a 250,000-square-meter parcel of land, has been designed as an eco-friendly town comprising smart farms, hydrogen fuel cell generators, logistics systems and housing with leisure facilities.
The private companies from two countries would invest a total of 80 billion won ($70.8 million) in the project that the Korea-China Private Economic Association and local real estate firm Mega Time Holdings-Mega Farm Village initiated in 2019.
The complex in Pocheon is the first collaborative agriculture project between the South Korean and Chinese governments and private firms, according to the association.
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