Korea Federation of SMEs to Host Online Export Consultation on 27-28, Supporting 40 SMEs

'K-Business Day Online Video Export Consultation' Held
Support for 20 Consumer Goods and 20 K-Defense Companies
Major Japanese and Chinese Retail Buyers Participate

The Korea Federation of Small and Medium Business located in Yeouido, Seoul.
[Photo by Asia Economy DB]

[Asia Economy Reporter Lee Junhyung] The Korea Federation of Small and Medium Business (Kbiz) will hold the 'K-Business Day Online Video Export Consultation' for two days from the 27th to the 28th at the KBIZ Hall of the Federation of Small and Medium Business in Yeouido.

The purpose of this export consultation is to support the export of promising domestic consumer products and K-quarantine products. On the 27th, consultations will be held with 20 consumer goods SMEs, and on the 28th, with 20 K-quarantine SMEs.

The consultation will involve 55 buyers from 10 countries including China, Japan, and Vietnam, conducting more than 120 one-on-one individual consultations. Kbiz plans to provide post-management support to participating companies, such as foreign language promotional content production and support for sample shipping costs to buyers.

Among the overseas buyers are large buyers as well. Large distribution buyers with numerous directly operated stores and franchises in their home countries such as Japan and China are participating in this consultation. In particular, Japan's L&K, a cosmetics specialized distribution company dealing exclusively with Korean products, will hold consultations with domestic companies Juan Biotech and Mineral House.

According to Kbiz, L&K first requested to participate in this consultation and announced that it would spend about 100 million KRW on the first purchase. Chinese baby product distribution company MIA plans to spend about 50 million KRW on the first purchase depending on the consultation results and expand the purchase amount to over 500 million KRW according to local demand.

Jeon Hyesook, head of the Trade Promotion Department at Kbiz, said, "This consultation focused on matching consultations with large distribution buyers from China and Japan, which are difficult for SMEs to meet individually," adding, "We plan to support follow-up management to help lead to export contract results."

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