Sejong, Last Year’s Export Value Increased... The Only One Among Nationwide Metropolitan Autonomous Entities

[Asia Economy (Sejong) Reporter Jeong Il-woong] Last year, the export amount in the Sejong area increased compared to the previous year. Sejong was the only metropolitan local government in the country to see an increase in export volume.

According to Sejong City and the Korea International Trade Association (2019 local government trade statistics) on the 28th, the export scale of the Sejong area last year was $1.285 billion, a 4.5% increase from the previous year ($1.22937 billion).

This figure is 4.6 times larger than the export amount of $279 million right after the launch of Sejong City (2012), and it is significant in that Sejong was the only one among the 17 metropolitan cities and provinces nationwide to increase its export scale (compared to 2018 and 2019).

Earlier, the city led the achievement of results for participating companies by promoting trade support projects for small and medium-sized enterprises, such as participating in overseas exhibitions, the TJB Vietnam Business Matching Day, and dispatching trade delegations to Southeast Asia, targeting 57 local companies last year.

For example, Pushpull System Co., Ltd. signed an export contract worth $30 million by participating in the 'Las Vegas Consumer Goods Show' and 'TJB Vietnam Business Matching Day' with the city's support, and cosmetics manufacturer McClean Cosmetic participated in the 'Shanghai Beauty Expo' last year to promote products to overseas buyers, making it possible to expect export performance worth $2.2 million this year.

Also, automobile parts manufacturer iRoad Co., Ltd. succeeded in initial exports to Canada last year, and Daemyung Grinding Co., Ltd. achieved results such as entering Sri Lanka.

This year, the city plans to support local small and medium-sized enterprises in securing global competitiveness and pioneering export markets by dispatching a trade delegation to Europe in March and operating the Sejong Pavilion centered on automobile parts companies at the automobile parts exhibition held in Frankfurt, Germany in September.

Park Hyung-min, Director of the Economic Industry Bureau of the city, said, "This year, the city will continue to monitor the difficulties experienced by local companies in the process of pioneering overseas markets and focus on strengthening the competitiveness of companies by discovering and remodeling various new projects."

This content was produced with the assistance of AI translation services.