Yongin City to Significantly Increase Corporate Export Support This Year

Establishment of the 'Comprehensive Plan for Export Support Projects'
Expansion of Export Internships and Support for Logistics Costs

Yongin City in Gyeonggi Province will significantly expand its support for companies' overseas exports this year.

On the 4th, Yongin City announced that it has established the '2024 Yongin City Export Support Project Comprehensive Plan' to support local companies' overseas expansion.

The plan includes three main strategies: ▲ Establishing a digital trade support system ▲ Export-oriented job projects ▲ Export-linked overseas marketing support.

A view of the group booth operated by Yongin City at the U.S. consumer goods exhibition last year. [Photo by Yongin City]

First, to establish a digital trade support system, the city will open the Digital Trade Comprehensive Support Center (deXter) this year in cooperation with the Yongin Industry Promotion Agency and KOTRA. The center will support digital marketing, online trade consultations, and trade workforce training for small and medium-sized export companies in the region.

The city will also expand the 'Export Intern' program, which received positive feedback from companies last year. This program dispatches university students who have received practical trade education at local universities to exhibitions attended by small and medium-sized enterprises. Starting this year, the city plans to send export interns not only to domestic but also overseas exhibitions. Additionally, the city will expand the 'Export Mentoring Support' program utilizing retired trade experts and the 'Citizen Interpretation and Translation Supporters' who assist with interpretation and translation.

Overseas marketing support will also be strengthened. The city plans to hold the 'Y-Trade Export Consultation Meeting,' an event combining seminars and product exhibitions, by inviting overseas buyers to Yongin City and connecting them with local small and medium-sized enterprises for export consultations.

In particular, to assist companies facing difficulties due to international conflicts and climate change, a new 'Logistics Cost Support Project' will be established. This year, the city plans to provide logistics cost support benefits to 15 companies.

In addition, the city will operate group booths at food exhibitions in Bangkok, Thailand; beauty exhibitions in Dubai, United Arab Emirates (UAE); and consumer electronics exhibitions in Las Vegas, USA, and will dispatch market development teams to Eastern Europe and Japan.

A Yongin City official said, "We will strive to secure national and provincial funds for export support and assist exports of promising items so that local companies can thrive on the global stage."

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