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Busan city set up a relief package to help local exporters amid woes over the COVID-19 led economic disruptions

According to Yonhap News,

The city of Busan unveiled a relief package on Feb 15 designed to provide a buffer against the fallout from the COVID-19 outbreak for locally based enterprises who’ve fallen into recession as exports slump. The stimulus measure consists of three main strategies which entails 56 tasks to support 6,370 companies.

First of all, the city authorities expand the scope of the biz-support program, shifting their focus from existing target places to help local businesses connect their web store to world’s famous e-commerce platforms like Amazon(U.S.), Alibaba(China) or Qoo10(Japan) to economic blocs that stretch toward Russia and even in Central Asia.

To improve brand awareness and business partners’ engagement, virtual business meeting which took place for the first time last year will be in close association with on-site marketing events, product sample shipping and aftercare services.

To offer 24/7 access to business consulting online, Busan city is set to run a virtual coaching space, the largest scale ever in Korea on the fourth floor of Busan Global Tech Biz-Center from March this year. Enterprises are provided with online trade school programs, risk management counseling and global logistics networking etc.

Source Text

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Source: Yonhap News (Feb 15, 2021)

** This article was translated from Korean.