Gwangju City Dispatches ASEAN Market Development Team, Achieves $12.2 Million in Export Consultations

160 Export Consultations and 11 MOUs Signed
Nine Local SMEs Participate in Indonesia and Singapore Visit

Gwangju City dispatched a market development team to Indonesia and Singapore, resulting in export consultations worth 12.2 million dollars and the signing of 11 memoranda of understanding (MOUs).

According to an announcement on April 22, Gwangju City sent an ASEAN Overseas Market Development Team to Indonesia and Singapore from April 13 to 18. The team achieved 160 export consultations totaling 10.43 million dollars and signed 11 MOUs valued at 1.77 million dollars.

The Gwangju Overseas Market Development Delegation is posing for a commemorative photo ahead of the "2026 ASEAN Consumer Goods Trade Delegation" export consultation held at the Amara Hotel in Singapore on the 16th. Provided by Gwangju City

This market development mission was organized to expand export markets for local companies in response to changes in the global trade environment, such as the rise of protectionism. The project was conducted jointly by Gwangju City and Gyeongnam Province, with support from the Korea Trade-Investment Promotion Agency (KOTRA).

Nine local small and medium-sized enterprises (SMEs) in the comprehensive consumer goods sector participated, including RJ Ventures Co., Ltd., Pint Korea Co., Ltd., Pure Valley, Yuchang General Food Co., Ltd., TBM Co., Ltd., Uni Trading Co., Ltd., Sun Global International, Poeta, and Lafine J Co., Ltd.

At the export consultation in Jakarta, Indonesia, RJ Ventures Co., Ltd. signed an export contract worth 510,000 dollars, and Uni Trading Co., Ltd. signed a contract worth 300,000 dollars.

Lafine J Co., Ltd. conducted export consultations worth 500,000 dollars in Jakarta and 200,000 dollars in Singapore. Sun Global International recorded export consultations worth 20,000 dollars in Indonesia and 30,000 dollars in Singapore, respectively.

The market development team also visited the warehouse of a local logistics company in Singapore to examine the logistics and distribution conditions.

Gwangju City plans to support overseas logistics costs, launch overseas branch establishment programs, and provide trade insurance subsidies to ensure that the results of the consultations and MOUs lead to actual exports.

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