Yuhwadang Co., Ltd. (CEO Jeon Bo-bae), an agricultural corporation, will hold the ‘7 Agri & Food Tech Start-up Fair (Agri & Food Tech Start- up Rising Expo 26)’.
Yuhwadang is a ‘city-centered factory’ established in 2018 in Hagagi District, Jeonju-si, Jeollabuk-do. It serves as an open manufacturing factory and complex cultural space, and has established itself as a platform that connects farmers and merchants, local creators and consumers in the region. are doing In particular, the company’s main products, vegetable oils and liquid tea, are attracting many consumers and tourists, the official explained.
In this exhibition, Yuhwadang will introduce two types of vegetable oil products, including sesame oil and perilla oil, made with its own recipe. These products will be introduced as premium oils and fats that produce domestic sesame seeds, perilla seeds, and sesame seeds in a single milking process. Emulsified sugar has secured a roasting technology that can finely and flexibly control flavor through a low-temperature pressing process, and it is known that a patent application for this technology is in progress.
An official from Yuhwadang said, “We decided to participate in this exhibition to let people know that sesame oil and perilla oil, which contain the tradition of Korea, are comparable in quality to olive oil derived from overseas.” We expect to achieve practical results by exchanging with tech startups and attracting investors and buyers.”
In fact, Yuhwadang is maintaining excellent performance by supplying its oils and fats to large distributors such as school catering companies and department stores in the domestic market, and plans to export to the US and Japanese markets this year.
In addition, Yuhwadang plans to expand high value-added products by developing exclusive sauces such as pesto based on its own sesame oil and perilla oil. An official said, “As the need for well-being is exploding and salad is emerging as a popular food category, we are planning to develop and introduce an oil sauce product line optimized for this.”
Meanwhile, at AFRO 2023, the largest Agtech & Foodtech event in Korea, domestic startups with global growth potential in Agtech, Foodtech, and Green Bio will exhibit products and services to solve various problems in the agriculture and food industries, Various programs such as conferences discussing the present and future of Agtech and Foodtech and investment briefings (IR competitions) are held. This exhibition is hosted by the Ministry of Agriculture, Food and Rural Affairs and supervised by the Korea Agricultural Technology Promotion Agency, NH Nonghyup, COEX, and the Korea Food Tech Council.