Global agricultural machinery specialist TYM (Co-CEOs Hiyong Kim and Dohoon Kim / 002900) announced on the 15th that it signed a memorandum of understanding (MOU) with the Philippine Center for Postharvest Development and Mechanization (PHilMech) to strengthen local parts and service responsiveness at AGRILINK 2025, the Philippines’ largest agricultural exposition, held at the World Trade Center in Manila on the 2nd (local time).

The agreement aims to enhance customer satisfaction and accelerate TYM’s expansion in the Philippines and broader Southeast Asian markets by reinforcing local service and parts supply systems and cultivating technical talent in the Philippines. Attendees included TYM’s Head of Global Business Division, Ho-Gyeom Kim; Head of Central Technology Research Institute, Han-gi Jang; PHilMech Director General Dionisio G. Alvindia; and FIT Korea CEO, Boseok Kim.

Under the MOU, TYM plans to establish an integrated parts and service center in the Philippines by 2026 and fully activate a technical training program. As a first step, PHilMech engineers will be invited to Korea for training in January next year. Following this training, the curriculum will be finalized and expanded to on-site local education. Through this initiative, PHilMech personnel will be equipped to retrain local farmers and field engineers, while FIT Korea will support TYM in center operations and establishment.

Despite its high dependence on agriculture, the Philippines’ agricultural mechanization rate remains around 20%, positioning it as a market with significant growth potential. The Philippine government is focusing on expanding agricultural machinery adoption and educational infrastructure through the Rice Competitiveness Enhancement Fund (RCEF) project, and TYM has supplied a cumulative total of 1,870 tractors through this initiative. With this MOU, TYM will strengthen RCEF-based cooperation while actively exploring opportunities to expand assistance programs beyond rice to other crops such as corn.

“TYM is building a sustainable cooperation model that goes beyond simply exporting tractors by centering on education and services,” said Ho-Gyeom Kim, Head of TYM’s Global Business Division. “In the Philippines, a key market in Southeast Asia, we will make tangible contributions to customer satisfaction, agricultural mechanization, and productivity growth, further solidifying our position across the region.”