Korea Photonics Industry Promotion Association Participates in Joint Booth at OFC 2022... Pioneering the Global Optical Communication Market

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The Korea Photonics Industry Promotion Association announced on the 15th that it operated a joint pavilion at the US Optical Fiber Communication Conference (OFC 2022) to support small and medium-sized enterprises in pioneering overseas market channels.

From the 8th to the 10th, the Promotion Association formed a joint pavilion with 24 domestic photonics convergence companies at OFC 2022, the largest optical communication exhibition in the US, and through marketing activities targeting global photonics convergence overseas buyers, conducted export consultations worth $16.12 million and signed export contracts worth $4.12 million.

The joint pavilion participant company 'Resingers' signed a business agreement worth approximately $1.5 million on-site with the global optical communication company ‘COSTEL’ for the supply of its self-developed ultra-compact, high-capacity optical module product ‘COBO’.

'Hyesung C&C', a joint pavilion participant at the US Optical Fiber Communication Conference, invited a Mexican buyer company and signed export contracts totaling $1.32 million, while GeoC also signed an additional delivery contract worth $300,000 with a South American buyer company.

The Promotion Association provided conveniences for the 24 selected companies through a strict selection evaluation, including 90% of exhibition booth and construction costs, local interpretation, and PCR test costs before entry, and strictly adhered to quarantine guidelines such as self-quarantine after entry.

Since 2020, the Promotion Association has been operating the ‘365 Non-face-to-face Comprehensive Situation Room’ and plans to continue additional online consultations between joint pavilion participant companies and local overseas buyers.

In August, the Promotion Association plans to invite these overseas buyers to the ‘2022 International Photonics Convergence Business Fair Overseas Buyer Invitation Export Consultation’ and the ‘20th International Photonics Convergence Industry Exhibition and Conference (November)’ to be held at the InterContinental Seoul COEX, and will continuously manage to ensure additional export contracts are signed by participating companies.

Cho Yong-jin, the full-time vice chairman, said, “Although domestic photonics convergence companies are experiencing many difficulties due to the ongoing COVID-19 situation, we hope that participation in the joint pavilion will serve as a stepping stone to enter the global optical communication market,” and added, “The Korea Photonics Industry Promotion Association will fully support customized overseas marketing support for domestic companies wishing to expand overseas by turning this crisis into an opportunity.”

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