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Suject Gyeonggi-do's enterprises make a breakthrough from specialized trading companies.
Writer GSBC Date 2014-11-24 Hit 28516

Invitation of Specialized Trading Companies for Export Business Talk 1

 

Invitation of Specialized Trading Companies for Export Business Talk 2

○ GSBC - Gyeonggi Headquarter of (KFTA) Korea Foreign Trade Association held 'Invitation of Specialized Trading Companies for Export Business Talk" on the 30th (Thurs).
○ The first large-scale export business talk in Gyeonggi-do since official launch of specialized trading companies.
○ 131 Gyeonggi-do's companies participated in the talk and made 246 business talks with U$15 million business achievement.

 

The Gyeonggi Small and Medium Business Center (hereinafter called "GSBC") and the Gyeonggi Headquarter of KFTA disclosed that they held "2014 Invitation of Specialized Trading Companies for Export Business Talk" on the 1st floor of GSBC Gwanggyo Hall on the 30th (Thurs) and made 246 business talks with U$15 million business achievement.

"2014 Invitation of Specialized Trading Companies for Export Business Talk" was prepared to give a help for export of Gyeonggi-do's enterprises which have competitive products but do not have sufficient knowhow to exploit overseas markets; and 27 specialized trading companies participated in the talk and had business talks with 131 Gyeonggi-do's small and medium enterprises. 

This talk is the first large business conference held in Gyeonggi-do since the Specialized Trading Companies System was officially introduced by MOTIE (the Ministry of Trade Industry and Energy) in last July in order to systematically support export of prospective domestic market-oriented companies and 167 companies were selected. About 400 companies submitted applications causing with early closure.

Especially, domestic leading trading companies including Hanwha Corp retaining global network and KyungDong Pharm working as an advance guard for domestic medicine export participated in the Talk to conduct business talks of housewares, food & beverage, medicine·medical device, machinery, and electronic product·components; and they were well received by Gyeonggi-do's small and medium enterprises.

Banasil INC located in Gwacheon-si, a manufacturer of black box, conducted business talk about entrance into Turkey and Middle East markets with P trading company, and got an opportunity to expand its transactions from existing Japanese client to the one in such areas and made U$1.1 million business talk achievement. 

Ferdema located in Siheung-si, a manufacturer of diet soap, conducted business talk about distribution to domestic pharmacy and hospital with G trading company, and agreed to continuously maintain transactions in the future with initial order of 10,000 pieces.  

An official of Hanwha Corp, one of the largest specialized trading companies in our country, said that "I was happy to meet companies and products with global competitiveness through this export talk" and added that "I hope commodities of our company will be diversified through today's talk and I also expect this will be a chance for domestic market-oriented companies to become export small hidden champions through entrance into new markets." 

Mr. Kim Jonghun, representative director of Banasil INC which participated in the Talk, said that "the best way to exploit overseas markets is to attend overseas exhibition of the target market but it costs too much" and expressed satisfaction by adding that "however, I had a consultation with specialized trading company, expert in developing an overseas market, and I got a great help as effective as participation in an overseas exhibition."

Min Gyeongsun, GSBC Trade Support Division Manager, said that "specialized trading companies are designated this time and many Gyeonggi-do's enterprises showed interest in the business conference" and added that "I hope this conference serves as a momentum to build up such a win-win system that manufacturers concentrate on production only while export is taken charge of by specialized trading companies which have established network with overseas buyers."

Lee Jinho, Gyeonggi Headquarter Manager of KFTA, said that "the Foreign Trade Act and its enforcement ordinance were revised this year and then, 167 specialized trading companies officially established" and emphasized that "it is necessary to make domestic market-oriented small companies as export-oriented companies in order for Gyeonggi-do's export to constantly grow and therefore, we will render support in many different fields so that the specialized trading companies can serve as a medium of bonding in making export-oriented companies."

For further details of the Talk, please contact GSBC Marketing Support Team (+82-31-259-6145).

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