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Companies in Daejeon go global, with USD 47 million export consultation in Paris, CIS

According to Yonhap News,

(DAEJEON=Yonhap News) Daejeon companies made remarkable achievements at export consultation in Paris, France and cities including Vladivostock, Russia of Commonwealth of Independent States (CIS).

On June 26, Daejeon Techno Park (Daejeon TP) announced that it achieved USD 28.7 million worth export consultation, in addition to 3 defenst startups signing on export contracts worth USD 200,000 at Paris Air Show on June 17-22.

Daejeon TP expected the export amount would reach USD 3.5 million as the companies signed 2 NDA, 1 MOU and 1 export proposal.

President of Daejeon TP said, "Our projects to foster the defense industry to support local companies who had faced challenges in entering foreign markets despite their technological prowess have been bearing fruits," adding that "We will work on global marketing support projects so that SMEs and startups in the region can take the leading role in local economy."

8 Daejeon startups visiting CIS region including Vladivostok, Almaty, and Kiev also achieved 126 export consultation cases worth USD 19.05 million during June 16-23.

Daejeon city supported buyer matching, interpretation fees, and one-way logistical cost.

Daejeon city will send trade delegations for the purpose of global expansion of local companies and export increase to Central America, China (September), Middle East, North America, Southeast Asia, Japan, and Europe.

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Source Text

** This article was translated from Korean.

Source: Yonhap News (June 26, 2019)