Securing $5.5 Million Across the Great Steppe... Busan City's Central Asia Trade Delegation Achieves Results

Targeting Almaty and Tashkent from September 15 to 20
Delegation comprised of eight local SMEs specializing in excavators, cosmetics, and more

Busan City is seeing tangible results in its efforts to enter the Central Asian market.

Busan City (Mayor Park Hyungjoon) and the Busan Economic Promotion Agency (President Song Bokcheol) announced on the 29th that they dispatched a "Central Asia Trade Delegation" to Almaty, Kazakhstan, and Tashkent, Uzbekistan, from the 15th to the 20th, achieving contracts worth a total of 5.5 million dollars.

The trade delegation included eight local small and medium-sized enterprises offering a variety of products such as used excavators, valves, cosmetics, functional clothing, and medical assistive devices. These companies held export consultation events with local buyers in Almaty (on the 16th) and Tashkent (on the 18th).

Export consultation event in Almaty, Kazakhstan.

At the Almaty consultation event, Donggwang Trading Company expanded its local network by signing a Memorandum of Understanding (MOU) for a cold chain distribution network project worth 500,000 dollars with Shin-Line Group, a leading food company in Kazakhstan. At the Tashkent event, DenQ Implant, a dental implant company, signed an export MOU worth 1 million dollars. As a result of these consultations, the total value of contracts pursued reached 5.5 million dollars.

The participating companies also attended the "Busan-Almaty Future Strategy Seminar" hosted by the Busan Global City Foundation, where they shared the current status of exchanges between the two regions and had networking opportunities with local organizations and companies.

Busan City views these achievements as a tangible outcome of the friendship and exchange agreement signed between the Busan Metropolitan Council and the Almaty City Council in August. The city plans to use this case as a springboard to further develop regional collaboration models and continue supporting local export companies.

Kim Bongcheol, Director of Digital Economy at Busan City, emphasized, "This trade delegation marks the first case where cooperation between the city administration and the city council has moved beyond simple friendship exchanges to become economic exchanges. We will further strengthen this cooperation to support overseas market development and help local companies expand their exports."

Busan-Almaty Future Strategy Seminar Site.

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