Gwangsan District SMEs Sign $620,000 Export MOU in China

Three Companies Participate, 33 Consultations Held
Agreements Signed with Seven Local Firms in Shenzhen and Wuhan
First Results from Overseas Market Development Support Project

The overseas market development support project promoted by Gwangsan District in Gwangju has achieved its first results. On April 30, Gwangsan District announced that three local small and medium-sized enterprises recently held a total of 33 export consultations in China and signed export agreements worth 620,000 dollars.

This project is the first overseas market development support initiative launched by Gwangsan District in cooperation with KOTRA (Korea Trade-Investment Promotion Agency), with the goal of helping local companies secure overseas sales channels and strengthen their export competitiveness.

The Gwangsan District Overseas Market Development Team in Gwangju is taking a commemorative photo after signing an export MOU with local companies in Shenzhen and Wuhan, China. Provided by Gwangsan District

From April 21 to April 25, for five days, three companies?Yuginongmaru, Manpers Co., Ltd., and Ouriro Co., Ltd.?visited Shenzhen and Wuhan in China to hold export consultation meetings. Based on prior market research, the companies introduced key products such as food, daily necessities, and electronic devices to local buyers, and discussed export possibilities with local companies that have established distribution networks.

As a result, a total of 33 export consultations were held, and export agreements (MOUs) worth 620,000 dollars were signed with seven local companies.

Gwangsan District plans to provide follow-up support in cooperation with KOTRA's China Trade Center to ensure that these MOUs lead to actual contracts. At the same time, the district will also consider various measures to further expand the overseas market entry of small and medium-sized enterprises.

Park Byungkyu, the head of Gwangsan District, stated, "We will continue to provide unwavering support so that small and medium-sized enterprises, which have competitiveness but lack information and opportunities, can take on the challenge of entering the global market."