KOTRA Hosts 'Korea Automobile Industry and International Transport Machinery Parts Exhibition'

[Asia Economy Reporter Kiho Sung] KOTRA, together with Ain Global, will hold the "Korea Automobile Industry & International Transportation Machinery Parts Exhibition (KOAA·GTT SHOW)" for three days starting from the 18th at Songdo Convensia in Incheon.

This year, 201 domestic automobile parts companies will participate in the exhibition. Gangwon Province will operate an e-mobility promotion hall, and the Production Technology Research Institute will create a root industry joint pavilion for promotion. Local governments such as Daegu, Gyeongsangbuk-do, and Chungcheongnam-do will also promote companies located in their regions and support export consultations.

Domestic companies will conduct 480 non-face-to-face video consultations with 130 buyers from 37 countries invited by KOTRA. Leading complete car manufacturers such as GM in the United States and Toyota in Japan, as well as large first-tier parts companies like Dorman Products and Kirchhoff, will also participate. Sixty percent of the buyers are A/S parts distributors, and many companies from emerging markets such as East Asia, the Middle East, and Africa are present. Consultations cover all automobile parts including exterior, brakes, and gears.

KOTRA operates an "R&D Partnering Zone" where technology consultations can be held on-site by identifying the research and development (R&D) demands of global companies. First and second-tier vendors from Germany, Japan, and Thailand hope to cooperate with Korean companies in the fields of electric vehicles, batteries, and forging.

Local experts from six countries including Canada, Mexico, Germany, Japan, Brazil, and Russia will analyze automobile market trends. Seminars will be held simultaneously online and offline.

Kim Sangmook, Head of KOTRA's Innovation Growth Headquarters, said, "The exhibition will be conducted by linking online and offline," and added, "We hope this will be an opportunity for the domestic automobile parts industry to regain export vitality."

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