Large, Medium, and Small Enterprises Unite to Enter Overseas Markets... LIG Nex1 Selected as the Defense Industry's First 'Joint Entry Support Project'

60% of Project Costs Supported by Government Budget

'Partner Companies Joint Pavilion' at ADEX2023

Supporting SMEs in Overseas Market Expansion

LIG Nex1 has entered a national project where large corporations and small and medium-sized enterprises (SMEs) jointly expand overseas with government budget support.

LIG Nex1 (CEO Kim Ji-chan) announced on the 26th that it has been selected for the defense industry’s first "Large and SME Joint Overseas Expansion Support Project."

The "Joint Overseas Expansion Support Project" is a program supported by the Ministry of SMEs and Startups, designed to assist SMEs that have the capability to enter overseas markets but lack resources, by utilizing the network infrastructure of large corporations to promote joint marketing and overseas expansion.

This project is managed by the Foundation for Large, Small, and Medium Enterprises and Agriculture, Forestry and Fisheries Cooperation, and since 60% of the project cost is supported by government funds, competition is intense.

LIG Nex1 Pangyo House.

LIG Nex1 applied for the task of "Seoul ADEX 2023 LIG Nex1 Partner Companies Joint Pavilion" and was selected through the review by the Large and SME Joint Overseas Expansion Support Project Evaluation Committee and Deliberation Coordination Committee.

At the Seoul International Aerospace and Defense Exhibition (ADEX 2023), LIG Nex1 plans to form a "Partner SMEs Joint Pavilion" within its booth to support nine SMEs in pioneering overseas market channels.

Additionally, for the SMEs participating in the joint pavilion, LIG Nex1 will fully support exhibition participation tasks such as securing booth locations within the exhibition hall, booth design, and construction free of charge.

In particular, the SMEs joint pavilion within the LIG Nex1 exhibition booth will be organized in a "Booth in Booth" format to facilitate visits from key visitors with high potential for linkage to actual business, and networking receptions will be held to strengthen networks between participating SMEs and overseas companies.

Hong Gil-jun, Head of Management Division at LIG Nex1, held a meeting with Hwang Jo-yeon, CEO of Hope Airtech, the chair company of the partner companies’ consultative body (A1 Society), stating, “We will share the know-how acquired through participation in various domestic and international exhibitions and support partner companies in discovering new markets and maximizing post-performance management.”

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