Gyeongju City Hosts Online Export Consultation Inviting Overseas Buyers... 39 Companies Sign Contracts Worth 1.82 Million USD

"Support for Opening Export Channels for Local Small and Medium Enterprises"

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] On the 12th, Gyeongju City in Gyeongbuk held an online export consultation meeting at The-K Hotel in the city as part of efforts to open new export channels for local small and medium-sized enterprises (SMEs) that have been stagnated due to the recent COVID-19 pandemic.

At this export consultation meeting, 39 companies conducted one-on-one video consultations online with 24 prominent overseas buyers from four countries: Vietnam, India, Japan, and South Africa.

Through the consultations, a total of 92 discussions were held regarding the export of competitive products such as food and cosmetics, consumer goods, and automobile parts, as well as strategies for local market entry.

Jencell Co., Ltd., a specialized manufacturer of hair loss prevention cosmetics, signed contracts worth $1.37 million with two Vietnamese companies; Changseong Industry Co., Ltd., a food and beverage specialist, signed contracts worth $350,000 with an Indian company; and Korea BNC Co., Ltd., a specialized color cosmetics manufacturer, signed contracts worth $100,000 with a Vietnamese company, totaling $1.82 million in contracts on site. The contracts under negotiation amounted to $19.91 million, and the export consultations totaled $45.36 million in scale.

Mayor Joo Nak-young of Gyeongju stated, "Through this attempt, remote MOU agreements using video systems were achieved, serving as an opportunity to present new meeting technologies for the local export industry adapting to the post-COVID-19 era."

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