APFS Opens Gaonnuri Inveseum Gyeongbuk Center in Yecheon, Gyeongsangbuk-do

Notables, including President Min Yeon-tae of Agriculture Policy Insurance & Finance Service (APFS), participate in a ceremony to open Gaonnuri Inveseum Gyeongbuk Center in Yecheon, Gyeongsangbuk-do, on July 1. (Photo: APFS)

Agriculture Policy Insurance & Finance Service (APFS) opened Gaonnuri Inveseum Gyeongbuk Center in Yecheon, Gyeongsangbuk-do, on July 1.

Gaonnuri Inveseum possesses all things related to the Food, Agriculture, Forestry and Fishery (FAFF) Fund, essential for the development of the agro-food industry and its investments.

Gaonnuri is a Korean word meaning ‘the center of the world’ and Inveseum is a combination of ‘investment’ and ‘museum’.

In order to help agro-food companies ramp up their growth and capabilities to attract investments, the Gyeongbuk Center plans to offer advise related to the FAFF Fund, investment, education, consulting services and operate effective programs to support investments like investor relations.

In particular, APFS’s consulting program, part of its investment support projects, offers differentiation services tailored to meet an array of demands, such as each company’s size and capabilities.

Gaonnuri Inveseum, a comprehensive control tower for supporting agro-food investments, made its debut in Yeouido, Seoul, in 2020. The institution has increased regional centers every year.

A first regional center opened in Iksan, Jeollabuk-do, last year and Gyeongbuk regional center has opened this year. Regional centers are expected to serve as a window to support agro-food companies’ attracting investments.

APFS President Min Yeon-tae said, “Gaonnuri Inveseum is an open investment space for the interests of agro-food companies.”

APFS will offer full support to explore and nurture agro-food companies with investment potential. It closely cooperates on work with related regional institutions, he added.

In his commemorative speech, Dir.-Gen. Kim Jong-soo of the Agriculture and Livestock Logistics Bureau at the Gyeongsangbuk-do provincial government said, “Gaonnuri Inveseum Geyongbuk Center will be a power for agro-food companies and Gyeongsangbuk-do and APFS are symbols of cooperation.”

Meanwhile, APFS, an investment management institution of the FAFF Fund, is pump-priming the investment ecosystem via the Agro-food Investment Cooperative, established with matching contributions by the Ministry of Agriculture, Food and Rural Affairs (MAFRA) and the Ministry of Oceans and Fisheries (MOF) and the private sector’s money.

The Agro-food Investment Cooperative, a fund of 1,538 billion won, has completed investments in 864 projects worth a combined 1,124.1 billion won.

APFS Graded ‘A’ in Business Performance Evaluation for Fifth Year in Row

Agriculture Policy Insurance & Finance Service (APFS) earned an “A” grade in the 2019 business performance for ‘other public entities’ by the Ministry of Agriculture, Food and Rural Affairs for the fifth consecutive year.

APFS received good evaluations in business management among all major businesses in 2019 and 2020.

APFS had been given good evaluations for making efforts to ramp up its innovative capabilities by operating an innovation task force and a civic participation innovation team in the business management sector. APFS says it will monitor outcomes on a regular basis.

In key business sectors, APFS had been recognized for its excellent business performance management like the expanding of policy fund field inspections, designed to raise the transparency of the execution of agro-fishery funds and making efforts to raise the quality of policy fund inspection.

APFS President Min Yeon-tae said, “APFS’s receiving a “A” grade in the business performance evaluation of public entities for the fifth consecutive year is an achievement made through all staff’s hard work with unified mind.”

APFS will grow into an agro-food financial service institution contributing to people’s happiness and raising the quality of their life, he added.