KOTRA to Promote Customized Projects for Korea-Canada Future Car Partnership

[Asia Economy Reporter Suyeon Woo] KOTRA announced on the 17th that it will promote the 'Korea-Canada Future Car Partnership Customized Project' for four months starting this month to support domestic companies' entry into the North American future car parts market. Eight small and medium-sized enterprises (SMEs) and mid-sized companies related to future car parts from Korea are participating in this project.

This project was prepared to discover cooperation opportunities between Korean and Canadian companies in the future car sector by utilizing Canada's Autonomous Vehicle Innovation Network (hereinafter AVIN). Launched in 2017, AVIN leads the development of autonomous driving technology in Canada and operates Canada's first autonomous vehicle pilot zone.

Autonomous Vehicle Innovation Network Implementing Organization/Data=KOTRA

This year, KOTRA signed agreements with ▲CITM ▲Invest Ottawa ▲1855 Whitby, which are executing the Canadian government's future car projects, and jointly conducts a customized support program for domestic companies.

KOTRA, together with the executing organizations, helps domestic participating companies enter the Canadian future car parts supply chain. Specifically, it plans to provide services such as ▲market information provision ▲corporate establishment support ▲connection with potential investors ▲discovery of joint research and development (R&D) opportunities between companies from both countries.

Jung Young-hwa, head of KOTRA Toronto Trade Center, said, "Canada's future car industry has high demand for technology development centered on autonomous vehicles integrated with artificial intelligence (AI) industry," adding, "The Canadian government is also positive about joint cooperation with Korea, and we will support various projects to enable more companies from both countries to collaborate."

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