KOTRA Supports Network Between Domestic Robot Companies and Chinese Smart Manufacturing Firms

10 Korean Companies and 46 Chinese Buyers Conduct Online Consultations

KOTRA held the 'Pre K-Robot in China' event for three days starting from the 10th at its headquarters in Yeomgok-dong, Seoul. Korean companies are having online consultations with Chinese buyers. (Photo by KOTRA)

[Asia Economy Reporter Kim Ji-hee] KOTRA is supporting business consultations between domestic robot companies and smart manufacturers in the East China region, including Nanjing, Shanghai, Hangzhou, and Wuhan.

KOTRA announced on the 11th that, together with the Korea Institute for Robot Industry Advancement, it held the 'Pre K-Robot in China' event for three days from the 10th at its headquarters in Yeomgok-dong, Seoul. Ten Korean companies are currently conducting online consultations with 46 Chinese buyers.

This project was prepared to strengthen the network between Korean and Chinese companies through non-face-to-face meetings ahead of the 'K-Robot in China' delegation scheduled to be held in China in the second half of this year. KOTRA identifies bilateral cooperation projects in advance and supports the overseas expansion of Korean companies step by step.

China's smart manufacturing industry is rapidly growing based on the 'China 2025 policy.' The automation equipment sector is expected to grow from 256.2 billion yuan last year to 332.5 billion yuan in 2024, and the industrial software market is projected to expand from 168 billion yuan to 295 billion yuan during the same period. In particular, the East China region and Hubei Province are the centers of China's robot industry.

Wang Yu, Director of the Global Technology Transfer Center at Jiangsu Provincial Science and Technology Department, said, "Although international exchanges are difficult due to COVID-19, we want to actively increase cooperation in the smart manufacturing industry in the second half of the year."

Kim Sang-mook, Head of KOTRA's Innovation Growth Headquarters, stated, "This consultation provided an opportunity for our robot companies to build networks with buyers in the East China region," and added, "We expect the expansion of Chinese smart manufacturing industry entry in the future."

Meanwhile, the K-Robot in China delegation, consisting of one-on-one business consultations, seminars, and IR pitching, is scheduled to be held in Nanjing, China, this November.

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