According to Yonhap News,

On June 23, the Korea SMEs and Startups Agency (KOSME) announced that export consultations worth USD 660 million (KRW 912.5 billion) were conducted during the 23rd World Korean Business Convention (WKBC), which was held in Atlanta, USA, from April 17 to 20.

At the results briefing session, KOSME reported the outcomes of the export consultations.

During the 2025 KWBC, on-site contracts were signed for a total value of USD 49.9 million, primarily focusing on K-food and K-beauty, and agreements were also made for a local factory construction contract in the U.S. worth USD 45 million.

Additionally, the event was attended by key U.S. political figures, including Kelly Loeffler, current Administrator of the Small Business Administration, former Georgia Governor Nathan Deal, and Hugh McDonald, Secretary of Commerce of Arkansas, creating an opportunity for private diplomacy.


aeran@yna.co.kr

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Source: Yonhap News (June 23, 2024)

** This article was translated from Korean.