Daegu Gyeongbuk Machinery Association Reports $13.09 Million Export in Daegu Machinery Industry Last Year

Daegu Gyeongbuk Machinery Cooperative Exterior (Photo by Daegu Gyeongbuk Machinery Cooperative)

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Yushin] The Daegu-Gyeongbuk Machinery Cooperative achieved remarkable results in the export of machinery and automobile parts last year.

The Daegu-Gyeongbuk Machinery Cooperative announced on the 7th that 11 companies from Daegu exported machinery and automobile parts worth 13.09 million USD (approximately 15.2 billion KRW) to 10 companies in 7 countries last year.

This is 109% of the target amount of 12 million USD.

The Machinery Cooperative has been conducting a project to strengthen the export capabilities of the machinery industry in cooperation with Daegu City since 2016 to support exports of Daegu-based companies.

They have carried out strategic marketing such as export consultation meetings and overseas exhibitions, divided into automobile sectors including automobile parts, automobile equipment, precision tools, and non-automobile sectors such as agricultural machinery and textile machinery.

Park Kwang-il, Head of Overseas Marketing at the Daegu-Gyeongbuk Machinery Cooperative, explained, "This is a valuable achievement obtained in a situation where domestic exports decreased by 10% last year."

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