Materials, Parts, and Equipment Strong Small and Medium Enterprises
Technical Cooperation with Major SoBuJang Countries like Germany

Headquarters of the Korea Federation of Small and Medium Business

Headquarters of the Korea Federation of Small and Medium Business

View original image


[Asia Economy Reporter Kim Daeseop] The Korea Federation of Small and Medium Business (KSMB) announced on the 28th that it will hold an 'Online Video Export Consultation' to support small and medium-sized enterprises (SMEs) struggling due to the novel coronavirus disease (COVID-19).


This consultation will be held on the 30th at the Small and Medium Business DMC Tower in Sangam-dong, Seoul, in cooperation with the Ministry of SMEs and Startups. This is the first online video export consultation dedicated exclusively to the materials, parts, and equipment sector.


The consultation will be held for two weeks until the 10th of next month. A total of 30 domestic companies will participate, including 11 small and strong companies in the materials, parts, and equipment sector selected by the Ministry of SMEs and Startups, and 5 startups in the same sector. Approximately 60 to 80 overseas buyers from countries including Germany, a strong nation in materials, parts, and equipment, as well as Europe, China, and Vietnam, are expected to participate.



Jeon Hyesook, head of the Trade Promotion Department at KSMB, said, "The materials, parts, and equipment industry forms the foundation of our country's national competitiveness due to the large proportion of manufacturing. Even in the current situation where overseas expansion of SMEs is limited due to COVID-19, continuous efforts to develop overseas sales channels are necessary. Although business matching with overseas buyers in the materials, parts, and equipment sector is more challenging compared to general consumer goods, we hope that this video export consultation will not only expand sales channels but also strengthen the competitiveness of domestic SMEs through technological cooperation with global leading companies in strong countries such as Germany and China."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing