Jungjinkong Collaborates with Government Procurement Export Promotion Association to Support SME Overseas Expansion

Business Agreement for Global Information Provision and Local Issue Resolution

The Small and Medium Business Corporation announced on the 7th that it has signed a "Business Agreement to Promote Overseas Expansion of Small and Medium Ventures" with the Government Procurement Export Promotion Association.

Both organizations agreed to jointly nurture promising domestic small and medium ventures for export and to promote their overseas expansion. Specifically, they agreed to ▲mutually exchange and jointly provide overseas bidding information and procurement buyer networks held by both organizations ▲support customized overseas expansion for small and medium ventures through linkage between the projects promoted by both organizations ▲actively cooperate in identifying and resolving difficulties faced by small and medium ventures in local market entry.

Kim Il-ho, Director of Global Growth at the Small and Medium Business Corporation (right), is taking a commemorative photo with Park Dae-jeon, Vice Chairman of the Association, at the business agreement ceremony held on the 6th to promote overseas expansion of small and medium venture businesses. Photo by Small and Medium Business Corporation

In particular, the Small and Medium Business Corporation plans to leverage the overseas procurement market information and know-how possessed by the Association to enhance the performance of local companies through support for overseas bid participation.

Kim Il-ho, Director of Global Growth at the Small and Medium Business Corporation, said, "This agreement will serve as a stepping stone to help small and medium ventures globalize through participation in overseas procurement," adding, "By combining the Association's expertise and the Corporation's support capabilities, we will strive to enable more domestic small and medium ventures to enter overseas procurement markets."