As stated on the project disclosure page, on June 16, 2023, MIGA issued guarantees to Agricultural Corporation In Water Solution, Inc. (IWS Korea) of the Republic of Korea for its US$3.87 million shareholder loans to its wholly owned subsidiary In Water Solution Agro LLC of the Kyrgyz Republic (IWS Agro) against the risk of Transfer Restriction and Currency Inconvertibility for a period of up to 6 years.
The project consists of construction and operation of a 10-hectare smart farm located approximately 10km northeast of Bishkek, which contains hydroponic greenhouses with an automated system that comprehensively controls the growing environment for vegetables and flowers (the Project). Dohwa Engineering Co., Ltd., a leading engineering company in Korea, acted as the key sponsor for the Project by making an equity investment into IWS Korea which was then invested as shareholder loans into IWS Agro to implement the Project.
As stated on the companies' websites:
DOHWA Engineering is a multi-disciplinary engineering consulting firm South Korea.
“In Water Solution, Inc.“ is, as an agricultural corporation, a subsidiary of SKK (Sungkyunkwan) University Technology Holdings under SAMSUNG Group Foundation and a startup enterprise specializing in eco-friendly agriculture and livestock smart-farm solutions based on the 4th industrial revolution (4IR) with combination of key factors i.e. Water-Energy-Agriculture. We, IWS, are pursuing an Industrial and Academic collaboration business model creating sustainable shared values by building an optimized and localized platform of smart-farm technology in Kyrgyzstan and other CIS countries.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|In Water Solutions Inc.
|Agriculture and Forestry
Client - In Water Solution Agro LLC:
Ji Hoon Kim
Address: 1/6 Sydykova Street, Dzher Kazar Village, Issyk-Ata District, Chuy Province, Kyrgyz Republic
Email: email@example.com / firstname.lastname@example.org
Phone: +996 500 007 604 (KG), +82 10 4903 7604 (KR)
Investor - Dohwa Engineering:
Address: 438, Samseong-ro, Gangnam-gu, Seoul (06178)
Phone: +82 2-6323-3000
Fax: +82 2-553-8021
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