"Tour Factories Online"... KOTRA's Digital Factory Inspection Service

Overseas Buyers Review Domestic Companies' Factories and Equipment via Online Live Broadcast

On the 17th, KOTRA visited the factory of gas detector company G in Gunpo, Gyeonggi Province, and conducted a 'Digital Factory Due Diligence' service for Japanese buyers. Sangmook Kim, Head of KOTRA's Innovation Growth Division (third from the left), is inspecting the service on site. (Photo by KOTRA)

[Asia Economy Reporter Kim Ji-hee] KOTRA is helping intermediate goods manufacturing companies struggling due to the novel coronavirus infection (COVID-19) to find a breakthrough in exports.

On the 18th, KOTRA announced that it conducted a 'Digital Factory Inspection' service by visiting the factory of gas detector company G in Gunpo, Gyeonggi Province on the 17th. The Digital Factory Inspection service is a newly launched export support service by KOTRA. Through this service, overseas buyers can review domestic companies' factories and production facilities via online real-time streaming.

G is a small and medium-sized enterprise that developed the world's first interference gas filtering gas detector. Its export volume rapidly grew from 1.8 million USD in 2017 to 10 million USD last year, but this year it faced difficulties in securing new contracts due to COVID-19.

Due to the nature of safety equipment products, overseas buyers are required to visit factories to verify production processes and quality control systems for contracts. G faced difficulties when on-site inspections became impossible due to COVID-19 while trying to supply major Japanese thermal power plants. G turned to KOTRA and finally found a breakthrough through the 'Digital Factory Inspection' service.

Kwon Pyung-oh, President of KOTRA, stated, "We will continue to discover various digital trade services to help our small and medium-sized enterprises regain export momentum amid difficulties caused by COVID-19."

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