KITA Held ‘Domestic Company-Foreign
Company in Korea Business Matching Conference’
56 domestic companies and 15 companies run by foreigners participated… K-Wave related products were popular -
The Korea International
Trade Association (Chairman: Kim Young-ju) and the Seoul Business Agency
co-hosted ‘Domestic Company-Foreign Company in Korea Business Matching Conference’
at COEX in Samseong-dong on October 15th.
The conference will provide
domestic companies with opportunities to develop export channels and support
the startups established by foreigners residing in Korea to find
At the event, more than 130
consultations were carried out, with 56 promising small and medium-sized
enterprises participating in the Korea International Trade Associations’
‘Making Local Enterprises to Exporters’ project and 15 companies run by
foreigners from France, Canada, Russia, and China who are supported by SBA.
The companies run by
foreigners showed interest in cosmetics, food, and medical devices, which are
in high demand in overseas markets due to the spread of the Korean Wave.
Domestic companies also continued their consultations in anticipation of
expanding distribution channels not only to China but also to various regions
including Europe and North America.
A CEO of a Korean company
who participated in the conference said, “The supporting organizations provided
matching service by thoroughly understanding the information and specifications
of the products of the participating companies and it enabled us to have
substantial consultations,” and added, “I hope that the event, which is held once a year, will be held more
frequently, so that the companies focusing on the domestic market will have
more opportunities to challenge overseas expansion.”
Heo Duck-jin, head of the
Membership Affairs Group at the Korea International Trade Association, said, “In order to develop new markets and expand exports in a difficult
export environment, it is crucial to help domestic firms’ exports.” He also mentioned, “We will increase the
size and number of events so that many companies from various fields can
participate in the future.”