Logistics Support Agreement for Small Businesses Expanding Overseas: "Hope to Aid Global Expansion"

SojinGong-Dongbanwi-Hanjin Sign Win-Win Cooperation Agreement
Permanent Beauty and Health Store for Vietnamese Small Business Owners to Open on the 29th

On the 23rd, the Ministry of SMEs and Startups announced that it signed a win-win cooperation agreement for supporting overseas logistics for small business owners with the Small Enterprise and Market Service, the Fair Trade Commission, and Hanjin at Dream Square in Mapo, Seoul.

The view of Busan Port Sinsundae Pier [Photo by Yonhap News]

The participating organizations pledged cooperation to establish a win-win cooperation system for supporting logistics for small business owners, reduce overseas export logistics costs and support the establishment of local delivery systems, and support small business owners overseas using overseas online and offline distribution networks.

As the first application case, they plan to support the reduction of transportation costs and distribution services for about 300 products needed to open a permanent beauty and health store for small business owners at Vincom Mega Mall Royal City branch, a large shopping mall located in Hanoi, Vietnam, on the 29th.

Won Young-jun, Director of the Small Business Policy Office at the Ministry of SMEs and Startups, said, “We hope this agreement will help domestic small business owners expand beyond the domestic market into the global market,” adding, “The Ministry of SMEs and Startups also plans to actively promote policy support for small business owners’ overseas expansion.”