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KOTRA brings together auto companies from Korea and Japan to look for future growth engines

To hold 'Korea-Japan Next-Generation Mobility Partnering' in Nagoya on Sep 5-6
More than 300 Korean and Japanese companies participate, and boost export by signing an "export MOU" between companies of the two countries

KOTRA (President Yu Jeoung-yeol) held the "Korea-Japan Next-Generation Mobility Partnering" in Nagoya, Japan, for two days from September 5th, participated by more than 300 Korean and Japanese companies involved in future cars.

The event, held in cooperation with the Korean Consulate General in Nagoya and Aichi Prefecture in Japan, consisted of △ Korea Future Car Technology Exhibition Consultation △ Future Car Cooperation Forum △ Korea-Japan Corporate Contract Signing Ceremony.

The event, the second of its kind since last year, drew attention with presence of prominent figures in official events from Japan's various institutions, such as △ Governor of Aichi Prefecture △ Director-General, Economic and Industrial Policy Bureau of the Ministry of Economy, Trade and Industry △ Executive Director of the Denso Group.

At the Technology Exhibition Hall where 45 Korean SMEs and middle-standing companies participated, more than 250 Japanese companies, including Toyota, Mitsubishi, Denso, and AISIN, visited the △ electric and hydrogen cars △ secondary batteries △ self-driving companies △ Automotive electronics solutions, and △ eco-friendly and lightweighting materials, showing a great interest in future car technologies of Korean companies.

At the Korea-Japan corporate contract signing ceremony, four SMEs and middle-standing future car companies in Korea will sign "export MOU" with three major Japanese companies concerning parts and technologies related to electric vehicles (EVs), secondary batteries, and connected cars, aiming expansion in the Japanese market.

"At a time when Japan is speeding up its transition to future cars, it has no choice but to turn to overseas companies to secure reliable procurement of parts," said Jeong Oe-young, head of KOTRA's Innovative Growth Division, adding, "we will provide every support to help Korean companies enter the Japanese future car supply chain".

Meanwhile, KOTRA will hold a series of projects to support expansion in Japan in September in order to turn the atmosphere of economic cooperation between Korea and Japan into opportunities to expand exports. Under the slogan "Korea-Japan, Moving Forward to a New Chapter of Partnership," KOTRA will jointly host the Korea-Japan Cooperation Forum with JETRO, its Japanese counterpart, on September 22 in Seoul. In addition, it is planned to hold the '2023 Korea Excellent Product Exhibition' and the 'Korea-Japan Aerospace Partnership' projects in Osaka and Nagoya, respectively, on September 26- 28.

Source: KOTRA (September 6, 2023)

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