Gwangju Jeonnam Venture Business Association-Cambodia Agreement... Establishing a Base for Southeast Asia Expansion

Han-Kam Small and Medium Venture Business Exchange Promotion Committee Platform Plays a Vital Role

The Gwangju-Jeonnam Venture Business Association has established a foothold for expansion into Southeast Asia.

The Han-Kam Small and Medium Venture Business Exchange Promotion Committee (Chairmen Kim Bok-ju and Yoon Bong-geun) and the Gwangju-Jeonnam Venture Business Association (Chairman Kim Myung-sul) announced on the 12th that they held a ‘Korea-Cambodia Small and Medium Venture Business Exchange Memorandum of Understanding (MOU) Ceremony’ with the Cambodian government.

This agreement was promoted to explore directions for exchange between Korean and Cambodian small and medium venture businesses and for advancing business into Southeast Asia.

The Han-Kam Small and Medium Venture Business Exchange Promotion Committee invited Deputy Minister Im Sinon of the Cambodian Ministry of Labor and Vocational Training and, in collaboration with the Gwangju-Jeonnam Venture Business Association, started from the idea of positioning Cambodia as a base region for Southeast Asian expansion of small and medium venture businesses nationwide, including this area.

Deputy Minister Im Sinon visited Chunpoong Co., Ltd. (CEO Eum Young-man), a venture company located in Goheung, to benchmark and import K-agriculture products such as K-drones, pesticides, and fertilizers. While observing the production process and drone demonstrations, it was decided to enter Cambodia through cooperation with the Cambodian government.

The committee and the association promoted this agreement with the Cambodian government to overcome the limitations of the domestic market for Gwangju-Jeonnam companies and to create a new opportunity for global business expansion, which has been concentrated in the metropolitan area.

The main contents of the agreement ceremony include ▲establishing an active support system to promote exchange of small and medium venture businesses between the two countries ▲linking business and promoting joint projects for the mutual development of small and medium venture businesses in both countries ▲supporting Korean companies’ entry into Cambodia, creating investment infrastructure, and jointly operating investment linkage programs ▲supporting technology exchange, market access, business collaboration, and business infrastructure development between companies of both countries ▲supporting educational programs for training professional personnel and leading job creation ▲and other matters deemed necessary to promote exchange of small and medium venture businesses between the two countries.

Deputy Minister Im Sinon said, “This agreement ceremony will make the exchange of small and medium venture businesses between Korea and Cambodia more active,” and added, “By securing a foothold through entry into Cambodia, we will be able to expand business into Southeast Asia, including Vietnam, Laos, and Myanmar.”

It was reported that around October, committee and association officials will be invited to discuss concrete implementation plans.

Meanwhile, the event was attended by more than 40 people, including Kim Myung-sul, chairman of the Gwangju-Jeonnam Venture Business Association; Kim Bok-ju and Yoon Bong-geun, chairmen of the Han-Kam Small and Medium Venture Business Exchange Promotion Committee; Kim Young-jip, director of Gwangju Technopark; Eum Young-man, CEO of Chunpoong Co., Ltd.; about 10 companies from the Seoul area such as Able Cloud Co., Ltd. and Nayanet Co., Ltd.; and officials from the Gwangju Information and Culture Industry Promotion Agency and the Energy Valley Business Development Institute.

Kim Bok-ju, chairman of the Han-Kam Small and Medium Venture Business Exchange Promotion Committee, said, “We will actively play the role of a platform to enter Cambodia through collaboration with the association and related organizations in this region,” and added, “We will create a new stepping stone to become a global company in Southeast Asia.”

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