Ministry of SMEs and Startups Gyeongnam Regional Office Listens to Field Voices in Defense and Aviation Sectors

Discussion on Export Promotion of Small and Medium Enterprises, a Specialized Industry in Gyeongnam

The Gyeongnam Regional Small and Medium Venture Business Administration of the Ministry of SMEs and Startups held an export meeting for small and medium-sized enterprises in the defense and aviation sectors, which are specialized industries in the Gyeongnam region.

[Asia Economy Yeongnam Reporting Headquarters Reporter Song Jong-gu] The Gyeongnam Regional Small and Medium Venture Business Administration under the Ministry of SMEs and Startups held an export meeting for small and medium-sized enterprises (SMEs) in the defense and aviation sectors, which are specialized industries in the Gyeongnam region, on the 23rd.

At the meeting, nine SMEs from the defense and aviation sectors in the Gyeongnam region attended, along with four related organizations including the Gyeongnam KOTRA Support Group, the Gyeongnam Regional Headquarters of the Small and Medium Business Corporation, Changwon Industry Promotion Agency, and the Defense Acquisition Program Administration. They listened attentively to the voices from the SME field and exchanged many opinions on resolving difficulties and improving policies.

Amid difficulties faced by export SMEs due to recent issues such as the Ukraine crisis, raw material supply shortages, rising logistics costs, and interest rate hikes, the defense and aviation industry showed positive responses in the US market through consecutive orders from major defense companies in the province and the export consortium between the Gyeongnam SME Administration and Changwon Industry Promotion Agency last October. In particular, exports in October showed a significant increase in exports by SMEs in the aircraft and parts sectors.

The SMEs attending this meeting raised requests such as strengthening support for logistics costs, creating conditions for joint overseas marketing with large companies, and consulting on offset trade, while expressing the difficulties they are experiencing on site.

Regarding the difficulties and suggestions identified at this meeting, the headquarters plans to actively propose improvements through cooperation with related organizations to achieve institutional improvements.

Choi Yeol-su, head of the Gyeongnam SME Administration, said, “Amid the global economic downturn and the many difficulties faced by export SMEs in our Gyeongnam region, today’s meeting was an important opportunity to review the vulnerabilities and improvement directions of the defense and aviation export sectors, which are specialized industries in the Gyeongnam region.” He added, “We will continue to spare no support to revitalize exports of SMEs in the Gyeongnam region.”

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