Icheon City "Overseas Market Development Team Achieves $13.92 Million in Negotiations in Japan"

Support for Buyer Discovery, Airfare, and Interpretation for 8 SMEs
Contract Promotion Also $4.17 Million

On the 27th, Icheon City in Gyeonggi Province announced that the Japanese market development team, jointly dispatched with the Gyeonggi-do Economic Science Promotion Agency (Gyeonggawon), achieved export consultation results worth $13.92 million (approximately 19.328 billion KRW).

Officials from companies participating in the market development team of Icheon City are taking a commemorative photo in Osaka, Japan.
[Photo by Icheon City]

The market development team conducted one-on-one export consultations and local market research activities in Tokyo and Osaka, Japan, for 4 nights and 5 days from the 17th to the 21st. A total of eight companies participated in the market development team, including Daseong Tech Co., Ltd., Shinjin Chemtech Co., Ltd., Senes Technology Co., Ltd., Urban Solution Korea Co., Ltd., Bruend Distill System Co., Ltd., Singsing Can Co., Ltd., Cheongwoo Food Co., Ltd., and Darae World Co., Ltd.

The market development team held over 80 export consultations locally, achieving consultation results worth $13.92 million, and the city explained that the contract promotion scale among these reached $4.17 million.

In particular, Darae World, located in Moga-myeon, led contract promotion for a sample of waterless shower tissues with Japanese company A, and Senes Technology Co., Ltd. plans to conduct detailed consultations through a visit from Japanese company B, the city added.

Previously, since 2017, Icheon City has been cooperating with Gyeonggawon to dispatch overseas market development teams to help promising small and medium-sized enterprises in the region enter overseas markets. This is the first time a market development team has been dispatched to Japan.

The city supports participating companies in the market development team with ▲ overseas buyer discovery and arrangement ▲ one-on-one local consultations ▲ interpreters ▲ 50% airfare ▲ local transportation vehicles ▲ post-export consultation management, among other services.

Kim Kyung-hee, Mayor of Icheon City, said, "Japan is a market with great export potential not only because of advantages such as logistics costs but also due to many similarities in environment and social systems," adding, "I hope this market development team activity will be an opportunity for small and medium-sized enterprises facing difficulties to find a breakthrough."

Meanwhile, Icheon City plans to dispatch ASEAN market development teams to Singapore, Malaysia, and other countries in October.