SEJONG, Mar. 20 (Korea Bizwire) — South Korea’s state-run agriculture corporation said Tuesday it will use big data and artificial intelligence (AI) to efficiently manage supplies of agricultural and fisheries products.
The Korea Agro-Fisheries & Food Corporation (aT) said it will test-run an advanced product management system based on big data and AI this year to better predict prices of agricultural and fishery products.
The new system will use data from agriculture cooperatives, state-run agriculture research institutes and the Export-Import Bank of Korea and other related agencies to adjust supplies of major products, aT said.
The corporation also said it will support local food companies’ efforts to enter new markets in Southeast Asian nations and Europe.