• 2026.09.26 (Sat)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Synthesis

Gyeongbuk Province to Invest 344 Billion Won to Elevate K-Food to Global Markets

Hee Chan Kim Reporter / Updated : 2026-02-19 12:28:49
  • -
  • +
  • Print
- Strategic push to capitalize on the "K-Food" craze and the momentum from the 2025 APEC Summit.
- Focus on smart distribution, premium branding of traditional spirits, and global infrastructure.



[ANDONG, Gyeongbuk] – Gyeongsangbuk-do (Gyeongbuk Province) announced on February 19, 2026, a massive investment plan totaling 344 billion won for the agricultural food distribution sector. The initiative aims to strengthen the global competitiveness of local produce and processed foods, riding the wave of the increasing international popularity of Korean culture and cuisine.

Leveraging the "APEC Effect"
The province plans to turn the success of the 2025 APEC Summit in Gyeongju into a long-term economic gain. During the summit, Gyeongbuk’s agricultural products were showcased to world leaders and delegates, significantly boosting brand recognition.

Moving forward, the provincial government will focus on expanding market channels in APEC member nations, including Japan, Vietnam, and Singapore, by increasing participation in international food expos and strengthening local marketing efforts.

 
Key Pillars of the 2026 Strategy
To ensure a systematic transition from local production to global consumption, the province has outlined several core focus areas:

1. Global Food Strategy & Modernization The province is currently conducting research to establish the "Gyeongbuk Food Globalization Strategy." This roadmap will integrate food, culture, and tourism.

Infrastructure: 8.2 billion won will be allocated to 13 small and medium-sized processing enterprises to modernize facilities.
Premium Branding: Andong Soju, a traditional distilled spirit with a 750-year history, will be promoted as a global premium brand through international liquor fairs.

2. Smart Distribution through AI and Digitalization Gyeongbuk is leading a "Great Transformation" in agricultural distribution by shifting to digital-based smart systems.

Smart APCs: Since 2023, 38.3 billion won has been invested in 16 Smart Agricultural Product Processing Centers (APCs).
Future Funding: With an additional 16.2 billion won secured through national government grants for 2026, the province will further scale the use of AI-driven sorting and distribution technologies.

3. Strategic Market Expansion A total of 20 billion won is earmarked for customized overseas marketing. This includes:

Operating 10 permanent overseas sales centers across 8 countries.
Supporting 13 local companies to attend international food fairs.
Hosting invitation-only export consultations for global buyers.

4. Diversifying Domestic Sales and Stabilizing Farm Income To support local farmers, 486 billion won will be invested in diversifying sales channels.

Online Growth: Enhancing the provincial shopping mall "Cyso" (사이소) through new product discovery and partnerships with major e-commerce platforms.
Direct Interaction: Expanding "Baro Markets" (direct-to-consumer markets) in major metropolitan areas and utilizing Live Commerce and TV Home Shopping.
 
A Sustainable Roadmap for K-Food
"The achievement of our agricultural sector is no longer confined to the domestic market," a provincial official stated. "By integrating AI technology into distribution and leveraging our cultural heritage, we will ensure that Gyeongbuk's agricultural products become a staple in kitchens worldwide."

With the sales of Gyeongbuk’s food manufacturing industry reaching 4.79 trillion won in 2024, this new investment is expected to act as a catalyst for reaching record-breaking export figures by the end of the 2026 fiscal year.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #Globaleconomictimes
  • #Korea
  • #Seoul
  • #Samsung
  • #LG
  • #Bitcoin
  • #Meta
  • #Business
  • #Economic
  • #The Woori Bank
  • #Elon Musk
  • #C
Hee Chan Kim Reporter
Hee Chan Kim Reporter

Popular articles

  • SK Telecom Splits SK Broadband to Establish AI Data Center Specialist 'SK Horizon' with Massive 3.08 Trillion Won Investment 

  • Beyond China’s Ambition: Will YMTC’s Push to Overtake Samsung and SK Hynix Become Reality?

  • The Era of "Working AI" Has Arrived: Why OpenAI's GPT-6 Astra is a Blessing for Samsung Electronics and SK Hynix

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065583669038076 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Beyond Drug Smuggling, Signs of "Domestic Manufacturing"… Special Measures Must Be Established 
  • Geoje, Still Scarred by Flood Damage, Receives 'Chuseok Warmth' from Across the Country Over 2 Billion Won Donated Since Disaster; 380,000 Items Worth 1.1 Billion Won in Relief Supplies
  • Season-Over Lee Jung-hoo: Only the Burden of a 33.5 Billion Won Price Tag Remains for the 2026 Season
  • Public Criticism on Stage... The Dignity of a Senior Singer Missed by Shim Soo-bong 
  • 'Slump in Results Followed by Asylum Scandal' – North Korean Delegation Shaken in Nagoya
  • Xi Jinping Arrives in Washington… Begins 3-Day State Visit to the U.S.

Most Viewed

1
Desperate Pursuit of HBM: China’s AI Chip Sector Faces Crippling Bottlenecks as Gray Market Prices Soar
2
Chuncheon to Light Up the "Lights of Ethiopia": The 16th Ethiopia Road World Coffee Festival & Meskel Festival Opens on September 25
3
The Era of "Working AI" Has Arrived: Why OpenAI's GPT-6 Astra is a Blessing for Samsung Electronics and SK Hynix
4
 Iran and Gulf Nations to Hold First Ministerial Meeting in Salalah for Hormuz Navigation
5
"Coffee Aroma and the Dance of Peace: A Global Cultural Harmony Unfolding This Chuseok" 
광고문의
임시1
임시3
임시2

Hot Issue

South Korea and U.S. Leaders Hold Pivotal Summit in New York

From a Symbol of Security to a Space for Healing... Walking Paju's Veiled 'Re:DMZ' Forest

Pocheon Hantan River Garden Festa

A Different Side of Gyeonggi Province Seen While Running… Autumn Running Courses Recommended by 'Run Gyeonggi'

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News