Gyeonggawon Achieves $24 Million in Q1 Through GBC

Gyeonggi-do Economic Science Promotion Agency

The Gyeonggi-do Economic Science Promotion Agency achieved a record high performance by signing contracts worth 24 million dollars through the Gyeonggi Business Center (GBC) flagship project in the first quarter (January to March) of this year.

GMS, the export agency business of GBC, handles all export-related activities on behalf of companies, from discovering clients to signing export contracts. Its main services include market research, client discovery, arranging consultations, online and offline product promotion, and accompanying on-site business trips.

In the first quarter results, exports to Russia accounted for the largest share at 6.8 million dollars, or 28.1%. This was followed by China (6.7 million dollars), the United States (3.12 million dollars), Vietnam (2.5 million dollars), Iran (1.8 million dollars), India (1.6 million dollars), and Malaysia (1.5 million dollars).

Kang Seong-cheon, Director of the Gyeonggi Economic Science Promotion Agency, stated, "Despite the challenging domestic and international environment, GBC demonstrated its capabilities to achieve strong first-quarter results. Going forward, GBC will actively fulfill its role as an export partner for small and medium-sized enterprises to ensure that their competitive products lead to successful exports."

Since the opening of GBC in 2005, the agency has carried out the GMS project and supported 3,600 companies to date.

Meanwhile, companies interested in this project can submit their GMS project application forms through the EasyBiz website by the 10th of this month.

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