KOTRA Signs MOU with the Win-Win Growth Committee for ESG Management

"Helping ESG Excellent Partners Expand Overseas"

Yoo Jung-yeol, President of KOTRA [Photo by Yonhap News]

[Asia Economy Reporter Park Sun-mi] On the 14th, KOTRA signed a Memorandum of Understanding (MOU) with the Fair Trade Commission for the ‘Expansion of ESG Management among Partner Small and Medium Enterprises (SMEs).’ Through this MOU, both organizations plan to support ESG management and overseas expansion capabilities of SMEs collaborating with large (public) enterprises.

KOTRA and the Fair Trade Commission will provide comprehensive package services including ESG education, consulting, diagnostic evaluation, and overseas marketing to SMEs facing difficulties in ESG management due to lack of budget and manpower. The two organizations aim to foster SMEs practicing ESG management and support not only their domestic supply but also their entry into global markets, thereby expanding ESG management among SMEs and strengthening their global competitiveness.

KOTRA will establish preferential export support services and assist overseas marketing for ‘Excellent ESG SMEs’ recommended by the Fair Trade Commission. Various overseas expansion services will be offered, including ▲20% discount on overseas market research fees ▲20% discount on participation fees for global business trend seminars ▲preferential selection for domestic companies transitioning to export businesses ▲preferential selection for companies moving into shared offices at overseas IT support centers.

Additionally, both organizations will strengthen their cooperative relationship to support ESG management of SMEs by ▲promoting ESG education and consulting projects for SMEs ▲sharing domestic and international policies and information to support ESG management of SMEs.

Yoo Jung-yeol, President of KOTRA, stated, “KOTRA is actively engaged in various activities such as researching and disseminating major countries’ ESG policies and operating the ‘ESG Helpdesk’ to support ESG management of small and medium-sized enterprises and respond to global companies’ ESG supply chain management policies. We will actively cooperate with the Fair Trade Commission so that SMEs collaborating with large (public) enterprises can enter the global market leveraging their excellent product quality and corporate sustainability certified domestically.”

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