Non-face-to-face Overseas Expansion Opportunities for Regional Export Startup Companies

KIAT, Recruiting Participating Companies for 'Glocal Business Festival' through Technopark

Seok Young-cheol, President of the Korea Institute for Advancement of Technology (KIAT). (Photo by Korea Institute for Advancement of Technology)

[Asia Economy Reporter Moon Chaeseok] An online export consultation meeting where regional export startup companies can meet overseas distributors non-face-to-face within Korea will be held.

The Korea Institute for Advancement of Technology (KIAT) announced on the 21st that it is recruiting regional small and medium-sized enterprises to participate in the non-face-to-face export consultation meeting, the 'Glocal Business Festival,' to be held from November 18 to 20.

The Glocal Business Festival is an event where export startup companies can discover export buyers through a non-face-to-face method.

Export startup companies refer to consumer goods companies with direct exports of less than 5 million USD in the previous year and industrial goods companies with less than 10 million USD.

Buyers of Korean descent active in 68 countries worldwide, including the United States, China, Vietnam, Australia, Canada, and Japan, are expected to participate in the event.

On November 18, a non-face-to-face export consultation meeting will be held, and on the 19th and 20th, a Big Buyer Club showcase will take place.

At the non-face-to-face export consultation meeting, companies will promote their products and conduct consultations online.

The Big Buyer Club showcase will be conducted by holding an online showcase (live broadcast) where companies promote their products in a studio set up at KINTEX in Ilsan, followed by purchase consultations and online consultations.

Director Seok said, "By converting the event online, it has become easier for domestic companies to participate," and added, "Although it is difficult due to the novel coronavirus infection (COVID-19), I hope export startup companies take this as an opportunity to expand their overseas market."

KIAT, the organizer of the event, the World Federation of Overseas Korean Traders Associations (OKTA), and regional technoparks are recruiting participating companies until the 6th of next month.

Detailed information can be found in the project announcement on the homepage of each regional technopark. Companies wishing to participate can contact the KIAT Regional Enterprise Growth Team or the OKTA Secretariat.

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