LH-KOTRA, Collaboration Agreement to Support Overseas Market Expansion for SMEs

Korea Land and Housing Corporation (LH) and Korea Trade-Investment Promotion Agency (KOTRA) announced on the 7th that they signed a business agreement on the 4th to support the development of overseas sales channels for excellent small and medium-sized enterprise (SME) products, including LH-certified new technologies.

Jung Woonsub (fifth from the left), Head of Construction Safety Technology Headquarters at LH, Jung Wooyoung (fourth from the left), Head of Innovation Growth Headquarters at KOTRA, and other agreement officials are taking a commemorative photo after signing the business agreement on the 4th.
[Photo by LH]

This agreement was prepared to support the promotion of exports of excellent SME products in connection with KOTRA's overseas business. The two organizations plan to cooperate in supporting SMEs through events such as the 2023 Frankfurt Hallyu Expo to be held at the end of June.

LH plans to support the development of overseas sales channels, including participation in the Hallyu Expo, for excellent SMEs' new technologies and innovative products discovered through the LH-certified new technology selection system. Since 2014, a total of 244 LH-certified new technologies (materials) have been selected, and the cost of new technologies utilized at LH construction sites amounts to 130.6 billion KRW.

Jung Woon-seop, Head of LH Construction Safety Technology Headquarters, said, “We hope that this agreement between LH, the largest construction public corporation in Korea, and KOTRA, a business platform supporting corporate overseas exports, will serve as a foundation for excellent domestic SMEs to develop into global leading companies.”

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