KOTRA Supports Domestic Companies' Entry into Japan's Green Market

Export Consultation Meeting Held in Tokyo, Japan in Conjunction with Smart Energy Week Exhibition
Supporting Export Consultations with Japanese Green Industry Companies

[Asia Economy Reporter Kim Pyeonghwa] On the 30th, the Korea Trade-Investment Promotion Agency (KOTRA) announced that starting from the 31st, it will participate in the "World Smart Energy Week 2022" held at Makuhari Messe in Japan and conduct export consultation meetings in both online and offline formats for three weeks. This event is held to support promising companies in the green industry sector to export to Japan.

The World Smart Energy Week 2022 is the world's largest energy exhibition consisting of seven fields including hydrogen, secondary batteries, and smart grids. As global interest in carbon neutrality grows, 380 global companies related to these fields are expected to participate in this exhibition. At this event, KOTRA has organized a Korean joint pavilion with Korea Electric Power Corporation, Korea South-East Power, and the Clean Building Fuel Cell Council. Eight promising domestic companies related to hydrogen energy, secondary batteries, and power equipment will participate to showcase their products.

From September 5th, following the exhibition, a three-week online consultation meeting for Korea-Japan green industry cooperation will be held. Including the eight companies participating in the exhibition, 30 domestic companies will conduct consultations with 80 Japanese buyer companies such as Mitsubishi Heavy Power Industry and Kyocera Communication Systems. The purpose is to connect the demand for transactions identified at the exhibition to export contracts and to provide opportunities for domestic companies that did not participate in the exhibition to enter the Japanese market.

K, a Japanese renewable energy EPC (Engineering, Procurement, and Construction) company participating in the exhibition, said, "Recently, demand for electric vehicle charging facilities is expanding mainly in commercial facilities," and added, "We are looking for Korean companies with excellent technology in the fields of energy storage systems (ESS) and power controllers (PCS)." The Japanese government has announced plans to achieve zero carbon emissions by 2050 and to increase the share of renewable energy to 36-38% by 2030.

Kim Samsik, head of KOTRA's Japan regional office, said, "Japan's decarbonization trend is a good opportunity for our power, equipment, and renewable energy companies to enter the Japanese market," and added, "We will provide various opportunities such as exhibitions and online and offline export consultation meetings so that our companies can take the lead in Japan's green industry."

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