Restructuring the So-Bu-Jang GVC... Strategies for Our Mid-sized Companies

Korea Institute for Advancement of Technology to Host International Conference on the 19th

Seok Young-cheol, President of the Korea Institute for Advancement of Technology. (Source=Korea Institute for Advancement of Technology)

[Asia Economy Reporter Moon Chaeseok] The Korea Institute for Advancement of Technology (KIAT) will hold the '2020 Mid-sized Enterprises Innovation International Conference' on the 19th at the Crystal Ballroom on the 2nd floor of Lotte Hotel in Jung-gu, Seoul.

Hosted by the Ministry of Trade, Industry and Energy and organized by KIAT, the main theme of the conference is 'Reorganization of the Global Value Chain (GVC) for Materials, Parts, and Equipment and Response Strategies for Our Mid-sized Enterprises.' Stakeholders from industry, academia, research, and government will attend.

In Part 1 keynote lectures, key industry-specific strategies for proactively responding to the reorganization of the materials, parts, and equipment GVC will be analyzed and presented, followed by discussions among domestic and international experts from industry, academia, and research.

Part 2 will provide a platform for mid-sized enterprise representatives to directly present and share know-how on successfully reorganizing the GVC. An online business-to-business (B2B) consultation meeting for business cooperation with leading countries in materials, parts, and equipment such as Germany, Russia, and Israel will also be held. Additionally, KIAT plans to sign a Memorandum of Understanding (MOU) with RWTH Aachen University in Germany.

Seok Young-cheol, President of KIAT, said, "Various issues such as COVID-19, strengthened protectionism, and Japan's export regulations are accelerating the reorganization of the GVC," adding, "I hope the discussions at the event will greatly assist mid-sized enterprises in establishing their management strategies for next year."

This event will be held both online and offline. To comply with social distancing guidelines, the number of on-site attendees is limited to fewer than 50. Online attendance is available through prior registration. Detailed conference programs and online participation pre-registration can be accessed via the event website.

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