KOTRA Holds Event Locally to Support Korean ICT Expansion into Thailand

'Han-Thai Smart City and ICT Day' Held in Bangkok

KOTRA and the Ministry of Land, Infrastructure and Transport announced that from the 6th, they will hold the '2023 Korea-Thailand Smart City & ICT Day' in Bangkok, Thailand, for three days.

This event, organized by KOTRA in collaboration with the Busan IT Industry Promotion Agency and the Korea Institute for Robot Industry Advancement, was attended by 35 domestic companies (17 in smart city, 12 in AR·VR·Metaverse, and 6 in robotics) and over 80 Thai buyers and clients.

The event consisted of a Smart City & ICT forum, exhibition consultation meetings, smart city industry site visits, and MOU signing ceremonies. At the Smart City & ICT forum held on the 7th, officials from both countries’ ministries, related organizations, and companies attended to explore relevant policies and business cooperation plans.

Immediately after the forum, the Ministry of Land, Infrastructure and Transport held a meeting with the Thailand Digital Economy Promotion Agency to discuss smart city cooperation measures between the two countries. They also requested active support to enable Korean companies with excellent technology to participate in Thailand’s smart city development projects.

During the exhibition consultation meetings held on the 7th and 8th, over 200 business consultations took place between Korean and Thai companies. There was also an exhibition of products and technologies from Korean ICT companies. Major Thai corporations such as the largest local mobile carrier 'True Corporation' and 'Banpu Next,' a subsidiary of the energy development company 'Banpu Group,' participated to discuss the adoption of domestic solutions.

At the MOU signing ceremony, KOTRA signed agreements with the Thailand Digital Economy Promotion Agency and the Eastern Economic Corridor Office, respectively. Going forward, KOTRA plans to actively expand cooperation projects and support for SMEs and startups in the smart city sector between the two countries.

Thailand is promoting the 'Thailand 4.0 policy,' which fosters new industries such as robotics, digital (IoT, AI), and healthcare, while applying information and communication technology (ICT) across existing industries and the overall economy. As of this year, Thailand ranks first in ASEAN and 12th worldwide in the utilization of industrial robots in manufacturing, making it a country expected to experience rapid growth in the ICT market.

KOTRA emphasized the significance of this event in securing growth momentum for Korea’s export economy by finding opportunities in promising Thai sectors such as smart city, AR·VR·Metaverse, and robotics through public-private collaboration.

Jung Woyeong, Head of KOTRA’s Innovation Growth Division, stated, "We will strengthen support for domestic companies through various projects to enable more Korean companies to enter the Thai market."

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