Eight SMEs Conduct Six-Day Activities in Indonesia and Vietnam
Twelve Business Agreements Signed... Contracts Worth $5.28 Million Under Negotiation
Icheon City in Gyeonggi Province announced on June 17 that its Southeast Asia Market Development Team achieved 128 export consultations totaling $15,673,000 (approximately 21.35 billion KRW) during its local activities.
The Southeast Asia Market Development Team of Icheon City is pledging to successfully develop the local market in Jakarta, Indonesia. Photo by Icheon City
The market development team, consisting of eight small and medium-sized enterprises from the Icheon area, held export consultation meetings with local buyers in Jakarta, Indonesia, and Ho Chi Minh City, Vietnam, from June 9 to June 14, over a period of six days and four nights.
This project, which has been commissioned and implemented by the city through the Gyeonggi-do Business and Science Accelerator since 2017, aims to help promising small and medium-sized enterprises expand into overseas markets. Participating companies receive support such as overseas buyer discovery, local consultation arrangements, interpretation, and airfare assistance.
The city particularly noted that this market development team signed 12 business agreements with local companies and is currently pursuing contracts worth $5,287,000, raising expectations for tangible results.
Kim Kyunghee, Mayor of Icheon, stated, "I hope that the contracts being pursued by the market development team will lead to continuous export growth and become a breakthrough for the growth of local small and medium-sized enterprises. We will continue to support the overseas expansion of SMEs through various export support projects in the future."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
