KOTRA Collaborates with Specialized Agencies to Strengthen Overseas Competitiveness of Mid-sized Companies
Customized Support for Medium-sized Enterprises Linking Export, Finance, and R&D
Establishing a Dedicated Platform and On-site Demand-based Infrastructure
Introducing Support Programs for Young Leaders of Medium-sized Enterprises
On the 9th, KOTRA signed a business agreement with Korea Trade Insurance Corporation, Korea Institute for Advancement of Technology, and Korea Federation of Medium Business to support the overseas expansion of medium-sized enterprises at the Grand Hyatt Hotel in Seoul.
According to this agreement, the four organizations plan to cooperate by linking their key functions such as export, finance, risk management, and research and development to help medium-sized enterprises grow overseas. They will establish a dedicated support system for medium-sized enterprises, implement customized support measures, promote joint projects, and expand exchanges between companies and institutions.
In particular, they will discuss establishing a system that introduces each institution's representative projects on-site and directly connects the difficulties faced by medium-sized enterprises to relevant institutions. A new dedicated support program for medium-sized enterprises combining the functions of each institution will also be prepared.
The signing ceremony was held together with the "Medium-sized Enterprises Young Leaders Meeting" event hosted by the Korea Federation of Medium Business. The four organizations provided key support information to about 50 next-generation managers of medium-sized enterprises and related institution officials.
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Kang Kyung-sung, President of KOTRA, stated, "The role of medium-sized enterprises leading exports is becoming increasingly important in the rapidly changing trade environment," adding, "The four organizations will join forces to actively support the global market expansion of medium-sized enterprises."
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