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Busan-based companies participating at CES 2025 achieved the best-ever results
On January 12th, Busan-si announced that companies participating in the Busan Pavilion at CES 2025, the world’s largest consumer electronics and ICT exhibition, achieved the best-ever results.
According to the city, Busan-based companies recorded 366 export consultations, with an estimated export consultation value of approximately USD 28 million (KRW 41 billion) and expected contract value (for contracts expected to be signed within a year) of USD 12 million (KRW 17.6 billion).
Key achievements are as follows. Lab 021 signed a supply contract (worth USD 120,000 USD over 3 years) for 8 new ships with the Swiss-based ABB Group, and a partnership contract (worth USD 65,000 over 3 years) with Deckhouse Communications, based in New Jersey, USA, to expand its overseas business.
Bloomsbury.lab signed a supply contract (USD 30,000) with a major U.S. distributor, while Schaffengott entered into a partnership with Govets, the largest Veterans Association's online channel in the US, to expand in the US market.
Busan Mayor stated, "Busan companies showcased their excellent technology at CES 2025, achieving significant results. We will continue to provide unwavering support to ensure Busan companies can be more competitive in the global market."
The city also reported that 6 out of the 23 companies participating in the Busan Pavilion received CES 2025 Innovation Awards across 7 categories.
osh9981@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.01.13
Views
138
According to Yonhap News,
On January 12th, Busan-si announced that companies participating in the Busan Pavilion at CES 2025, the world’s largest consumer electronics and ICT exhibition, achieved the best-ever results.
According to the city, Busan-based companies recorded 366 export consultations, with an estimated export consultation value of approximately USD 28 million (KRW 41 billion) and expected contract value (for contracts expected to be signed within a year) of USD 12 million (KRW 17.6 billion).
Key achievements are as follows. Lab 021 signed a supply contract (worth USD 120,000 USD over 3 years) for 8 new ships with the Swiss-based ABB Group, and a partnership contract (worth USD 65,000 over 3 years) with Deckhouse Communications, based in New Jersey, USA, to expand its overseas business.
Bloomsbury.lab signed a supply contract (USD 30,000) with a major U.S. distributor, while Schaffengott entered into a partnership with Govets, the largest Veterans Association's online channel in the US, to expand in the US market.
Busan Mayor stated, "Busan companies showcased their excellent technology at CES 2025, achieving significant results. We will continue to provide unwavering support to ensure Busan companies can be more competitive in the global market."
The city also reported that 6 out of the 23 companies participating in the Busan Pavilion received CES 2025 Innovation Awards across 7 categories.
osh9981@yna.co.kr
Source Text
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Source: Yonhap News (January 12, 2024)
** This article was translated from Korean.