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KOTRA to partner with KSEPA to help social enterprises in Korea

-Signed an MOU on Jun. 3 to help social enterprises grow into global companies
-Team up to help overseas sales marketing, investment promotion and to push for exchange programs with international organizations
Korea Trade Investment Promotion Agency (KOTRA: President and CEO, Pyung-Oh, Kwon) is embarking on its new plan to help social enterprises grow into global businesses. The agency signed an MOU on Jun. 3 with Korea Social Enterprise Promotion Agency (KSEPA) for fulfilling shared goals: to find and foster promising social enterprises, provide business training or consulting services to further enhance capabilities for business scaling up, help overseas sales marketing, support investment promotion and team up with international organizations in hopes of embracing an ecosystem where members of a society share a common value of social economy.

Both also reached a consensus on forming strong solidarity to spur growth and international market expansion of the organizations that are animated by the principle of reciprocity for the pursuit of mutual economic and social interests.

With a view to using market mechanisms to pursue explicit public benefits, KOTRA and KSEPA set out backing up those working in the realm of social economy, with a full package of biz-supporting programs such as business coaching and training sessions to build performance capabilities, on-demand service to form global sales networks and incentives for international sales marketing. In doing so, KOTRA expects the enterprises to scale up and stay ahead of the market, going beyond Korea, particularly in the time of coronavirus turmoil.

Pyung-Oh, Kwon, KOTRA's CEO, said “The program last year helped nearly 280 companies and raised USD 6.64 million in exports. Working with KSEPA this year, we’ll make a greater success.”

Source : KOTRA (2020.06.04)

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