Kang Sung-cheon, President of Gyeonggido Business & Science Accelerator, Holds Export Strategy Meeting with GBC and GTC Directors from 14 Countries Worldwide

The Gyeonggi-do Economic Science Promotion Agency will take proactive measures considering policy shifts following the U.S. presidential election results in November. It will also promote expanded export support for local companies targeting India, which has emerged as one of the world's top five economic powers.

On the 21st, the agency announced that under the leadership of Director Kang Seong-cheon, it held a "Strategic Meeting for Activating Exports of Small and Medium-sized Venture Companies in Gyeonggi-do" with heads of 22 Gyeonggi Business Centers (GBC) and Gyeonggi Textile Centers (GTC) across 14 countries to discuss these plans.

The Gyeonggi Business Centers (GBC) serve as export forward bases for Gyeonggi-do, currently operating 19 offices in key export hub regions across 14 countries including the U.S., China, Russia, and India. The Gyeonggi Textile Centers (GTC) have three offices in two countries, including Los Angeles and New York in the U.S., and Shanghai in China.

These GBCs and GTCs provide one-stop export support services to local companies, ranging from overseas market research to buyer discovery and contract signing.

On the 21st, the Gyeonggi-do Economic Science Promotion Agency held a GBC export strategy meeting chaired by Director Kang Sung-cheon.

Director Kang Seong-cheon of the agency emphasized, "Although a recovery trend is expected due to improvements in global trade conditions, the biggest variables affecting the trade environment are the U.S. presidential election results and the Russia-Ukraine war. Practical support is needed to drive export expansion for local small and medium-sized venture companies amid rapidly changing international circumstances."

He added, "India, which has risen to become one of the world's top five economic powers, is a massive consumer market with a population of 1.4 billion and a market that local companies should focus on. We ask for full efforts to support export expansion of local companies at the upcoming 'G-FAIR India' scheduled for November."

Accordingly, the heads of each regional GBC shared ideas to discover new business opportunities based on local market issues and agreed on the necessity of preparing Gyeonggi-do specialized export support measures reflecting the unique characteristics of each GBC, discussing specific response plans.

The agency plans to actively request policy support from Gyeonggi-do based on the various opinions and ideas gathered at this meeting.

Meanwhile, this year, the agency has set goals to achieve 4,000 companies participating in overseas marketing through the export platform (gbcprime), $5 billion in export consultations, and $1 billion in export contracts by mobilizing company-wide capabilities.

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