KEPCO Online 'BIXPO' Closes... 36.3 Billion KRW Export Contracts

by Moon Chaeseok

Published 15 Nov.2020 14:12(KST)

48,000 Visitors from 88 Countries... 270,000 Cumulative Views
104 Online Conferences... 110 Million Sales at Specialty Product Market

A view of the Korea Electric Power Corporation headquarters in Naju, Jeollanam-do. (Photo by Korea Electric Power Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea Electric Power Corporation (KEPCO) announced on the 15th that export contracts worth 32.6 million USD were signed at this year's 'Bitgaram International Electric Power Technology Expo (BIXPO) 2020.'

KEPCO stated that 48,000 visitors from 88 countries attended the event held from the 2nd to the 11th, and the website recorded a cumulative 270,000 views.

BIXPO is the largest electric power industry exhibition in Korea, held annually since 2015. Leading global energy companies and experts discuss the future development directions of the electric power industry.

At the online export consultation, 101 buyers from 34 countries and 100 domestic small and medium enterprises in the electric power and energy sectors participated. Eleven companies signed 17 contracts worth 32.6 million USD (approximately 36.3 billion KRW).

The marketplace for Gwangju and Jeonnam specialty products linked to the BIXPO website generated total sales of 114 million KRW.

At the job fair conducted in cooperation with JobKorea, 45 companies from the Energy Valley and exhibitors interviewed 455 job seekers, resulting in 80 hires.

Domestic and international research institutions, including the Korea Electric Power Research Institute, Isan Consulting Group, Jeonnam Information & Culture Industry Promotion Agency, Fraunhofer, and Technical University of Munich, participated in the online conference.

They shared the latest technology trends in the energy sector in preparation for the post-COVID-19 era.

A total of 228 companies, including 34 global companies such as LS Electric, Hyundai Electric, Siemens, and power group companies, showcased products incorporating new technologies at online booths.

For innovative ideas submitted to the invention patent exhibition and R&D achievements of partner companies, outstanding works were selected by combining online votes from BIXPO visitors and expert pre-evaluation results.

KEPCO will continue to keep the website open after the event to introduce products exhibited and allow viewing of conference videos. Next year, the event will be prepared in a hybrid format combining online and offline.

Hwang Kwangsoo, head of KEPCO's SME and Venture Support Division, said, “Despite being an online exhibition, we achieved results comparable to offline exhibitions by leveraging KEPCO's brand power and global network.”