Small- and medium-sized enterprises in Gumi, North Gyeongsang Province won an export contract of USD 750 thousand in the emerging markets of India and Vietnam.

Gumi City announced on last Monday that ten small- and mid-sized enterprises from Gumi dispatched a trade mission to Mumbai, India and Hanoi, Vietnam last week.

In India and Vietnam, the trade mission held investment consultations with 141 buyers to win a USD 750 thousand export contract on the site.

Kim Hong-tae, from the the Gumi Enterprise Support Center, stated that India and Vietnam were selected for trade mission destinations, as India has a population of 1.2 billion and Vietnam is one of the fastest growing markets nowadays.

He added that the Center will help with market research so that companies can see practical outcomes.

During the trade mission, an Indian company expressed interest in the engineering plastic manufactured by Daechang Infra.

Gumi City plans to provide working funds for enterprises that participated in this trade mission to support exports.

Source Text

Source: Newsis (May 13, 2013)

** This article was translated from the Korean.