Printing Industry Overcomes Soaring International Pulp Prices Through Win-Win Cooperation

Sharing Information on Domestic and International Market Environment Changes, Committing to Improving Trading Conditions

Minister Kwon Chil-seung of the Ministry of SMEs and Startups.
[Photo by Yonhap News]

[Asia Economy Reporter Kim Jong-hwa] The printing industry and the printing paper industry have signed a win-win agreement to improve the trading environment and establish cooperative relationships to alleviate the burden caused by the sharp rise in international pulp prices.

According to the Ministry of SMEs and Startups on the 22nd, international pulp prices have risen for six consecutive months since December last year, reaching $925 per ton in May and June, a 60.9% increase compared to the same period last year. Due to the resulting increase in printing paper prices, small and medium-sized printing companies have faced management difficulties, but there was no communication channel with large printing paper manufacturers.

Accordingly, the Ministry of SMEs and Startups identified the difficulties of small and medium-sized printing companies and, together with the Win-Win Growth Committee, facilitated the signing of this win-win agreement by acting as a communication channel and mediator between the printing industry and the printing paper industry.

Through this agreement, the printing industry and the printing paper industry agreed to share information on changes in domestic and international market environments and to work towards improving the trading environment. They also agreed to discover and promote cooperation plans to create demand for printing and to collaborate to enhance industrial competitiveness.

The 'Win-Win Agreement between Large and Small-Medium Enterprises in the Printing and Printing Paper Industries' held at PJ Hotel in Myeongdong was attended by Minister Kwon Chil-seung of the Ministry of SMEs and Startups, Park Rae-su, Chairman of the Korea Printing Information Industry Cooperative Federation, Kim Nam-su, Chairman of the Seoul Printing Information Industry Cooperative, Ahn Jae-ho, Chairman of the Korea Paper Association (CEO of Korea Paper), Lee Do-gyun, CEO of Moorim Paper, Han Cheol-gyu, CEO of Hansol Paper, and Kwon Ki-hong, Chairman of the Win-Win Growth Committee.

Minister Kwon said, "It is very encouraging that the printing industry and the printing paper industry have come together to resolve the crisis caused by the sharp rise in international pulp prices through dialogue and communication by signing this win-win agreement," adding, "I hope today's case will become a model case that spreads to other raw material industries."

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