Buyers from 13 countries and 55 domestic firms take part in over 330 consultations; Philippines agricultural machinery market entry information shared

This image is not related to the article. [Getty Images Bank]
This image is not related to the article. [Getty Images Bank]

South Korean agricultural machinery and materials companies conducted $22.8 million worth of export consultations with overseas buyers and signed MOUs valued at $1.35 million. The results came as the government invited foreign buyers to Korea to expand export channels for agricultural equipment, while also sharing procurement and certification information for companies seeking to enter the Philippine agricultural machinery market.

The Ministry of Agriculture, Food and Rural Affairs and the Korea Rural Community Corporation announced Tuesday that the results were achieved at the 2026 K-AgroEX, a second-half agricultural machinery and materials export consultation event held in Daegu on Wednesday and Thursday of last week.

The event drew 24 overseas buyers from 13 countries and 55 domestic agricultural machinery and materials companies. Held in conjunction with an international agricultural machinery and materials expo in Daegu, the event facilitated more than 330 export consultations in total.

The ministry and the corporation applied a "preference-based consultation matching" system introduced in the first half of this year. Under the system, companies and buyers are surveyed in advance about their products and areas of interest, and those with the highest mutual compatibility are connected first.

Total consultation value reached $22.8 million, of which $1.35 million resulted in actual export MOUs. However, the ministry noted that MOUs are distinct from binding export contracts or confirmed export earnings.

A briefing session on entering the Philippine agricultural machinery market was also held. Aileen Reyes Ligisan, a section chief at the Philippine Center for Postharvest Development and Mechanization under the Philippine Department of Agriculture, attended and introduced local agricultural mechanization policy and market trends. Forty-four domestic agricultural machinery companies took part in the session.

Participants received practical information on the requirements and procedures for joining the Philippine government's agricultural machinery procurement and distribution programs, as well as local certification standards companies must meet during the export process.

The ministry and the corporation have supported the expansion of agricultural machinery and materials exports this year by operating Korean pavilions at trade fairs in Japan, China, Vietnam and Australia, and by dispatching market development missions to Indonesia and Malaysia.

Later this month, a Korean pavilion is planned at GROWTECH Antalya, a Turkish agricultural trade fair, for companies seeking to enter European and Middle Eastern markets. On Dec. 15, an agricultural machinery and materials export expansion workshop will review this year's results and discuss strategies for overseas market entry.

Park Mi-ran, head of the smart technology division at the Korea Rural Community Corporation, said the organization is "connecting companies with suitable buyers and providing information on local markets and regulatory systems to broaden export opportunities for agricultural machinery and materials firms." Park added that the corporation would "continue working with the Ministry of Agriculture, Food and Rural Affairs to develop diverse support measures that help domestic companies expand their overseas sales channels."


adastra@heraldcorp.com