[Featured Stock] GreenPlus, Global Food Crisis Solver... K-Smart Farm Expands Overseas

Greenplus is showing strong performance. Following Russia's declaration to terminate the Black Sea Grain Initiative, a red alert has been triggered again for global food security, which appears to be affecting the stock price. Greenplus is engaged in the smart farm business based on top-tier domestic technology and know-how.

As of 10:21 AM on the 18th, Greenplus is trading at 11,760 KRW, up 13.82% from the previous day.

On the 17th (local time), Dmitry Peskov, spokesperson for the Kremlin, stated, "The requirements have not been met," and "The Grain Initiative is no longer effective starting today."

The Black Sea Grain Initiative, brokered by the United Nations and T?rkiye in July last year, ensures the safety of export vessels in the Black Sea to allow grain exports from Russia and Ukraine even during the war. The agreement was extended for the third time on May 17 and was set to expire after a two-month period on this day.

Major international media expressed concerns that the termination of the agreement could lead to rising food prices worldwide and risk plunging millions into hunger. Ant?nio Guterres, Secretary-General of the United Nations, warned that if farmers worldwide cannot obtain the necessary fertilizers ahead of the planting season, "the food security crisis will shift from an economic crisis to an availability crisis."

Aside from Russia's suspension of the agreement, the El Ni?o phenomenon is also exacerbating the global food shortage. According to the United Nations Food and Agriculture Organization (FAO), El Ni?o causes droughts in Southeast Asia, India, Australia, and West Africa. Poor harvests due to drought can reduce export volumes, potentially leading to a global surge in food prices. Following Russia, Australia, the world's second-largest wheat exporter, is expected to see reduced wheat yields due to decreased rainfall.

The abnormal weather caused by El Ni?o can have a significant negative impact on the global economy. According to a paper published in the scientific journal Science by U.S. researchers in May, losses during the 1997?1998 El Ni?o event reached 5.7 trillion USD.

Na Seung-doo, a researcher at SK Securities, explained, "Food must now be approached as a matter of security," adding, "Smart farms refer to technologies and facilities that combine 4th industrial revolution technologies with agriculture, livestock, and fisheries to create optimal growth environments, thereby maximizing productivity and efficiency." He continued, "As climate change intensifies, the environment for traditional agriculture, livestock, and fisheries is gradually changing," and "With ongoing geopolitical conflicts and confrontations, smart farms are emerging as a response to the global food crisis."

He stated, "Greenplus has a total smart farm construction record of over 290,000 pyeong domestically and 650,000 pyeong overseas," and "Currently, it is actively expanding into overseas markets such as Thailand, Australia, and the Middle East."

Researcher Na predicted, "Various overseas business achievements will become more active starting in the second half of this year," and "The experience and know-how in building locally customized smart farms are expected to have a positive impact on the further expansion of the K-smart farm footprint."