Ministry of Environment and Korea Environment Corporation Support Water Industry Cluster Resident Companies in Overseas Market Expansion

[Asia Economy Reporter Kim Bo-kyung] The Ministry of Environment and the Korea Environment Corporation will operate the 'Water-Partner Support Project' starting from the 16th, targeting companies located in the National Water Industry Cluster in the Daegu National Industrial Complex to resolve technical and managerial difficulties and support market development.

This project, promoted by the 'National Water Industry Cluster Project Group,' provides customized consultations by field experts for difficulties encountered by resident companies during technology development, commercialization, overseas expansion, and business operations.

The experts are organized into technical and managerial advisory groups. The technical advisory group consists of 54 water field experts from the Environment Corporation, academia, and industry, while the managerial advisory group comprises 143 experts in management, finance, accounting, and law, jointly formed by Daegu City and the Daegu-Gyeongbuk Regional Small and Medium Venture Business Administration. Each advisory group focuses on consulting the difficulties of resident companies and finding solutions together. All costs incurred for the consultations are covered by the project group.

Additionally, to support the market entry of startups in the water sector, the project group recommended a total of seven products from three water companies?Gaontech, Blackstone, and Humas?as candidates for the Venture Startup Innovation Procurement Products in the first quarter of this year. If finally selected as Venture Startup Innovation Procurement Products through the Procurement Service's designated evaluation, these products will be registered on the Procurement Service's online product mall 'Venture Nara' for five years and receive various benefits such as being prioritized for purchase by public institutions nationwide.

Kim Dong-jin, Director of the Water Resources Policy Bureau at the Ministry of Environment, stated, "We will continuously seek ways for large water-related companies and small and strong companies to coexist," adding, "We hope that through the National Water Industry Cluster, Korean water companies can lead the global water market."

Jang Jun-young, President of the Korea Environment Corporation, said, "We hope this project helps resolve the difficulties of water companies and assists excellent new startups in the water sector in pioneering markets," and added, "We look forward to the active interest and participation of domestic water companies."

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