Korea Midland Power Supports Expansion of Domestic SMEs' Overseas Advancement

Export Consultation Achieves 5.09 Million USD in Indonesia

Korea Midland Power announced on the 18th that it achieved export consultation results worth a total of 5.09 million USD in Indonesia, where it visited to support domestic small and medium-sized enterprises (SMEs) in pioneering overseas markets.

The trip, held from the 9th to the 13th, was organized to expand cooperation with local companies and to help SMEs make practical overseas advances. Eleven member companies of Haedongjin, an overseas joint advancement council and a cooperative body of Midland Power, accompanied the delegation.

These companies participated in the 'Export Consultation Meeting Inviting Prominent Indonesian Buyers' held in Jakarta on the 12th, conducting one-on-one consultations with 23 major local power industry companies. As a result, the total consultation amount reached 5.09 million USD. A Midland Power official stated, "We will support not only simple consultations but also follow-up discussions to lead to actual contracts."

Prior to this, on the 10th, Midland Power signed a business agreement for the 'K-Grid Alliance' together with the KOTRA Jakarta Trade Center and seven SMEs belonging to Haedongjin. The core of the agreement is to establish a network to support the overseas expansion of power generation equipment companies. A Midland Power official explained, "The goal is to strengthen the global competitiveness of domestic SMEs and expand overseas sales channels through cooperation among the private sector, government, and public institutions."

On the following day, the 11th, they also attended the opening ceremony of the 'KOMIPO FACTORY' in Cilegon, Indonesia. Cilegon is an area densely populated with thermal power plants and petrochemical industrial complexes, and this factory will play a role in supporting SMEs to smoothly conduct business locally.

KOMIPO FACTORY operates as a one-stop service hub providing maintenance, logistics, and customs clearance support. A Midland Power official said, "The biggest burden for SMEs entering overseas markets is logistics and customs procedures," adding, "We plan to support more efficient business operations through local bases."

On the 12th, they visited the headquarters of PLN IPS, a subsidiary of Indonesia's state-owned electricity company (PLN), to discuss cooperation plans. At this meeting, Midland Power and Haedongjin member companies introduced the products and technologies of domestic SMEs and explored cooperation possibilities in the Indonesian power market. PLN IPS positively evaluated the cooperation with Midland Power and pledged support for the Indonesian market entry of Hongseong Precision and Daeyang Rollant.

Following this Indonesia trip, Midland Power plans to actively support domestic SMEs in pioneering overseas sales channels by expanding market development teams to countries such as Vietnam and Japan.

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