Canadian Firm inks Deal to Invest in Foodpolis.

An innovative Canadian food company seeks to make its mark in Korea at FOODPOLIS, as its Korean-Canadian founder makes his own personal return to the Korean peninsula as a highly successful businessman. And he’s dreaming big, with a large investment and a plan to parlay his company’s past R&D success into a win on the functional food scene.

SMK Group of Canada signed a Memorandum of Understanding with the Korea National Food Cluster on July 11, pledging to invest $5 million to build a functional food plant and R&D center in the industrial complex in Iksan City.

“Now as I’m back in Korea locating in the food cluster, which would be similar toSilicon Valley in IT industries, my dream is to develop a fermented functional sauce,” said K.J. Kim (Kyong Jung Kim), CEO and president of SMK Group, during the MOU signing in Seoul. SMK Farm and Herbal Research Center, an SMK subsidiary that launched in 2008, has been doing research into the incubation of functional crops. According to Kim, there is a growing interest in Canada and across North America as a whole regarding fermented foods, and Korea has strong recognition for its advanced capabilities in this area. Kim also talked about the opportunityto utilize South Korea’s technology and talent, saying that his company aims to continue to advance in the area of functional foods and potentially look at market expansion into China, using FOODPOLIS as its initial toehold in the region.

Kim was born in South Korea and moved to Canada in 1968 at the age of 18 to study electrical engineering. Since then, he has started and bought numerous businesses including Seycove Marina and Capilano Village Shopping Plaza in North Vancouver, and Heritage Valley Resort, a corporate retreat in Sumas Mountain, Abbotsford, British Columbia.

Kim said he has a passion for improving the quality of life for retiring seniors and wants to create a sustainable retirement “Micro Village” in the form of an agricultural co-operative.

http://foodpolis.kr/download/foodpolis/foodpolis_8.pdf

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