Chairman Kim Hak-do Lays Groundwork for Expanding New Industry Exports with U.S. State Governments

Establishing Local Entry Point Through Business Trip to the United States

Kim Hak-do, Chairman of the Korea SMEs and Startups Agency (left), is taking a commemorative photo at the business agreement ceremony held locally in the United States on the 22nd of last month.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (hereinafter referred to as SBC) announced on the 1st that Chairman Kim Hak-do visited the United States from the 19th to the 26th of last month and carried out various local activities to help domestic small and medium-sized venture companies enter the U.S. market.

SBC explained that Chairman Kim's trip to the U.S. was meaningful in that it laid the foundation for a regional industry revitalization model through direct cooperation with U.S. state governments. First, SBC signed MOUs with Maryland, which is focusing investments on new business sectors such as ICT and bio, Snohomish County, Arlington City, and Marysville City, which are emerging as North American manufacturing innovation hubs, enabling active support from local governments for promising domestic SMEs discovered by SBC.

In addition, he appeared on MBC America Home Shopping to directly introduce 12 excellent domestic products related to K-Hallyu to U.S. consumers, and these products are scheduled to be sold over three weeks. Through the broadcast appearance, not only was the excellence of domestic SME products promoted, but practical sales channels were also secured by opening an SBC exclusive section within the online shopping mall (ODK Mall).

Furthermore, a networking day was held with five domestic companies wishing to enter the U.S. procurement market, including members of the Government Contracting Association (GCA), supporting entry into the procurement market through direct mentoring. Together with local U.S. organizations (WTIA, Washington Technology Industry Association), a panel discussion was also held on effective U.S. market entry strategies for Korean AI startups.

Kim Hak-do, Chairman of SBC, said, "To continue the export expansion trend of SMEs, which is achieving record-high levels, it is necessary to actively enter the U.S. market, which is entering the With-Corona era," adding, "SBC will provide more organic policy support to help promising new industry regional companies enter the local market."

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