[Background]
Food tech is expected to show high growth not only domestically but also globally, and is anticipated to become a new growth engine for the Korean agricultural and food industry.
Strategic promotion is necessary to utilize food tech as an opportunity to expand youth start-ups and vitalize the overseas expansion of domestic companies.
While countries like the U.S. and the E.U. are actively investing in food tech at the governmental level, government support related to food tech in Korea is currently minimal.
To ensure systematic industry promotion, a Plan for the Development of the Food Tech Industry was established jointly by related ministries in December 2022, and the Act on the Promotion of the Food Tech Industry was enacted in December 2024.
While the food tech industry is a new industry characterized by high growth and high added value, domestic companies are in the early stages of industry formation. Systematic and policy-based support, including infrastructure expansion, R&D, and workforce development, is needed for them to compete in the global market.
[Main Points]
Submission of Application Form and Documents for Food Tech Enterprise Registration/Notification