Gyeonggi-do Achieves Major Success in Global Hit Product Support Project... 23% Increase in Exports from 52 Companies

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province is achieving significant results with its 'Global Hit Product Support Project,' which provides customized support throughout the entire export process, from export preparation to overseas expansion, to nurture nationally representative export small and medium-sized enterprises (SMEs).

On the 14th, Gyeonggi Province announced that the total export amount of 52 promising export SMEs participating in the Global Hit Product Support Project last year increased by 23% compared to the previous year, despite the challenging economic and trade environment caused by the spread of COVID-19.

In particular, among the participating companies, 20 achieved the 'Global Hit' criteria, with an average export amount increasing by 173% compared to the previous year. A 'Global Hit' refers to companies whose export amount increased by 7-20% compared to the previous year and who achieved either 'exporting to 2-5 or more countries' or 'pioneering new markets.'

Building on these results, the province has selected 52 SMEs this year as targets for the 'Global Hit Product Creation Support Project.' These companies are assigned dedicated trade experts who provide one-on-one customized consulting from export preparation to customs clearance. Additionally, customized export vouchers worth approximately 23.57 million KRW are provided for overseas market research, marketing, brand development, and other company-specific needs.

A provincial official emphasized, "Despite difficult conditions such as COVID-19 last year, companies participating in the Global Hit Product Creation Export Support Project achieved great results. This year as well, we will actively support SMEs to become 'Global Hit' companies that will shake up the global market through customized export support services."

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