Support for Small and Medium Enterprises' Overseas Expansion

The scene of the 1st Korea-Indonesia Non-face-to-face Technology Exchange Consultation.

The scene of the 1st Korea-Indonesia Non-face-to-face Technology Exchange Consultation.

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[Asia Economy Reporter Kim Daeseop] The Korea Small and Medium Business Technology Innovation Association (Inno-Biz Association) announced on the 28th that it will hold the "1st Korea-Indonesia Non-face-to-face Technology Exchange Consultation."


The consultation will be held from today until the 29th at Sejung Tower in Jongno, Seoul. Fifteen domestic small and medium enterprises and over 100 Indonesian companies will be matched to discuss topics such as technology export, export of parts, materials, and equipment, and establishment of joint ventures.


Indonesia is regarded as a key country in the government's New Southern Policy. With a population of 270 million and an economy with a GDP of 1.0421 trillion dollars, its global trade volume is rapidly growing.


Inno-Biz Association plans to hold a total of 11 non-face-to-face technology exchange consultations this year with several countries including Vietnam, Turkey, Cambodia, and Iran, in addition to Indonesia.



Cho Hongrae, president of the Inno-Biz Association, said, "In response to the non-face-to-face era caused by the spread of COVID-19, we are exploring various overseas expansion plans at the association level," adding, "We plan to actively support the promotion of small and medium enterprises' transition to digital trade in the future."


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

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