Domestic Environmental Companies Achieve Total Overseas Orders of KRW 1.4845 Trillion Last Year

[Asia Economy Reporter Jang Hyowon] Last year, the overseas market order performance achieved through the support project for the overseas expansion of environmental industry companies reached 1.4845 trillion KRW.

According to the Ministry of Environment and the Korea Environmental Industry & Technology Institute on the 24th, the total order performance in overseas markets through the support project for the overseas expansion of environmental industry companies amounted to 1.4845 trillion KRW.

This represents an increase of about 72.5 billion KRW (5%) compared to the previous year (1.412 trillion KRW). Despite the COVID-19 pandemic, large-scale projects were consecutively secured.

The Ministry of Environment is actively implementing support policies for environmental companies, such as early establishment of non-face-to-face communication platforms and support for domestic and overseas quarantine costs.

Last year, environmental companies secured large projects such as the Poland waste incinerator construction project (490 billion KRW, POSCO Construction), Japan solar power generation project (119 billion KRW, Dohwa Engineering), and Indonesia industrial water supply project (77.6 billion KRW, Daejin Environmental Industry).

Additionally, they achieved equipment supply results for developing countries, including delivery of waste sorting and processing facilities in Egypt (10.1 billion KRW, JST), distribution of high-efficiency cookstoves in Myanmar (5.1 billion KRW, Ecoi), and construction of groundwater upper protection facilities in Peru (2 billion KRW, Keunsan Technology).

The Ministry of Environment plans to strengthen step-by-step support from the initial stage of projects to the order stage this year as well, to expand overseas exports of domestic companies.

Using the non-face-to-face online communication platform established last year at the Korea Environmental Industry & Technology Institute, export consultation meetings will be held regularly in cooperation with related overseas expansion organizations such as the Korea Trade-Investment Promotion Agency (KOTRA).

Furthermore, through Official Development Assistance (ODA), a comprehensive plan will be established to improve environmental policies and discover projects in promising countries, and preliminary feasibility studies to review the economic viability of individual projects will also be supported.

In particular, a comprehensive plan to improve overseas waste management contributing to carbon neutrality will be established, and feasibility studies related to climate change response will be supported, actively promoting Korean-style environmental management projects as a model overseas.

Moreover, international joint local projects supporting local demonstrations to ensure that excellent domestic environmental technologies comply with environmental regulations and conditions of overseas target countries, as well as overseas export commercialization support projects tailored to companies such as local prototype production, will also be promoted.

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