Hwaseong-si Africa Market Development Team Achieves $8.8 Million Consultation Performance

Dispatched to 9 Local Companies... 128 Consultations Conducted

Hwaseong City in Gyeonggi Province announced on the 20th that the market development team dispatched to the African region from the 13th to the 19th achieved a total of 128 export consultations worth 8.8 million USD (approximately 11.37 billion KRW).

The city explained that nine companies from the Hwaseong area participated in this African market development team and conducted export consultation activities in South Africa and Nigeria.

The Hwaseong City Africa Market Development Team is taking a commemorative photo at the Nigeria Export Consultation Meeting.
[Photo by Hwaseong City]

Regarding South Africa, the city added that since the launch of the African Continental Free Trade Area (AfCFTA), it has served as a logistics and financial hub in the local market, while Nigeria, with the largest population on the African continent (about 220 million), has high market growth potential.

The market development team included companies producing consumer goods such as cosmetics and skincare products, as well as industrial goods like hydraulic breakers, wireless calling systems, and blowers. They maximized effectiveness by holding local export consultation meetings and conducting company visit consultations simultaneously.

The Hwaseong City Export Support Center, which organized the dispatch of this market development team, supported participating companies with 50% of round-trip airfare, interpretation services, company visits, vehicle rentals, and meetings. Additionally, in collaboration with KOTRA, one-on-one consultations between participating companies and buyers were arranged.

Shin Hyun-bae, head of the Hwaseong City Corporate Support Division, said, "We will continue to carry out substantial support projects to make Hwaseong a city where companies can grow."

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