Korea Federation of SMEs Accompanies 'UAE Economic Delegation' with 13 SME Representatives

Kim Ki-moon, President of the Korea Federation of Small and Medium Business.

[Asia Economy Reporter Choi Dong-hyun] The Korea Federation of SMEs announced on the 12th that a delegation of 13 small and medium-sized enterprises (SMEs), including Kim Ki-moon, chairman of the Federation, will accompany President Yoon Suk-yeol on his visit to the United Arab Emirates (UAE) from the 13th to the 18th.

This economic delegation is the first to be dispatched since President Yoon took office. The SME delegation will participate in various activities aimed at entering the local market and strengthening networks, in addition to the official schedule.

The Federation signed a Memorandum of Understanding (MOU) on economic cooperation with the UAE Ministry of Economy in April last year and jointly hosted the 'Korea-UAE Food Security and ICT Technology Consultation and Webinar' in November of the same year, continuously supporting SMEs' entry into the Middle Eastern market.

Additionally, since 2021, the Federation has supported the entry of 53 SMEs into the Middle East by participating in the 'UAE Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC)' for two consecutive years. This year, support will be provided for 170 SMEs to participate in eight exhibitions held in the UAE, including ADIPEC.

Kim Cheol-woo, head of the Federation's International Trade Department, stated, "We will actively support the realization of tangible results by implementing various follow-up projects to promote exchanges between SMEs of both countries and facilitate smooth entry into the Middle Eastern market."

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