GWANGJU < invest Korea

Gwangju Metropolitan City announced on November 26 that it has signed MOUs worth USD 1.59 million and had business meetings worth USD 16.85 million through market development team that visited Poland, Belgium and Sweden.

The team is joined by 10 promising small and medium-sized companies in the region and it introduced the excellence, benefits and price competitiveness of the products to the local buyers.

Korea Optron Corp. that produces optical connectors has decided to focus on the European market, considering that the government-led project to establish high-speed communications network is implemented across Europe at the moment.

Daegyeong AT, a member of Gwangju Aftermarket Auto Parts Council, signed an MOU with POLCAR, the largest auto parts company in Europe, on exports worth USD 500,000, and will invite the buyers to Gwangju for site visits.

Nanoom Tech, an AED producer, received orders for 20 AEDs as samples, and is expecting to sign actual contracts in January next year.

Air Water Korea and Padiem, startups started by young entrepreneurs, tested the conformance of the products for the advanced market, and Xperon Golf actively promoted their products to Amateur Golf Associations in Europe.

"We will exert more efforts to follow-up with the achievements made in cooperation with KOTRA Overseas Offices, and raise export competitiveness of the companies in the region," said an official from the City.

kykoo1@newsis.com

Source Text

Source: Newsis (November 26, 2018)

** This article was translated from Korean.