Jeonbuk Special Self-Governing Province achieved great results at the export consultation held in connection with the World Korean Business Convention. Export consultations held one-on-one by inviting overseas buyers to diversify the exports of companies in the province are resulting in export contracts worth more than $2 million.
Jeonbuk Special Self-Governing Province held an excellent product export fair (JB-FAIR) between prospective overseas buyers and small and medium-sized companies in the province at the Jeonju Grand Hillston Hotel for two days from the 22nd to the 23rd, with exports worth $2.035 million between 5 overseas buyers and 6 small and medium-sized companies in the province. He announced that a contract had been signed.
Since last June, Jeonbuk Self-Governing Province and Gyeongjinwon have been utilizing overseas networks such as the Vietnam and India Overseas Trade Center, KOTRA, a collaborative organization, and the International Trade Association to discover buyers and provide information on companies in the province, promoting matching by 2024. This result was achieved as a result of export consultations with 102 overseas buyers and 179 local companies participating in JB-FAIR.
We also expect that this consultation will lead to an export contract.
Oki Co., Ltd., which signed the export contract on the 23rd, said, “The reason why this export contract was able to be concluded was because of the thorough follow-up management of Jeonbuk Special Self-Governing Province and Gyeongjinwon, which allowed us to meet buyers we met while participating in the previous trade mission.” revealed.
One Skin Cosmetics Co., Ltd. also said, “While pursuing a contract with a buyer to enter the Japanese market, we were able to obtain good results thanks to the consulting of Trade Doctor.”
Kim Gwan-young, Governor of Jeonbuk Special Self-Governing Province, said, “This export contract is the result of our efforts to help companies in our province advance to the world through the World Korean Business Contest.” “We will make efforts to expand the exports of small and medium-sized businesses in the province by continuously managing consultations even after the consultation meeting,” he said.
Jeonbuk Self-Governing Province and the Economic and Trade Promotion Agency will run an export company exchange meeting in the conference room on the 4th floor of Jeonbuk Special Self-Governing Provincial Office on November 4th to take follow-up measures for local companies that participated in the World Korean Business Convention and JB-FAIR. We plan to provide export expert consulting on (tariffs, certification acquisition, etc.).
In addition, we decided to regularly inspect the consultations conducted through this competition, such as checking the status of contract progress, and provide administrative support for follow-up management so that problems can be resolved.
Meanwhile, the 5th GENIE Forum, organized by Jeonbuk Special Self-Governing Province (Governor Kim Kwan-young) to discuss sustainable financial innovation and growth with global financial leaders, opened grandly at Jinsudang, Chonbuk National University on the 23rd.
The GENIE Forum is an event held by three organizations, Jeonbuk Self-Governing Province, Jeonju City (Mayor Woo Beom-ki), and National Pension Service (Chairman Kim Tae-hyun), to build a global financial and economic network, and this year marks its 5th anniversary.
This year, the main event (Opening Ceremony, Jeonbuk International Financial Conference) was held under the theme of ‘Beyond Local, Movement for the Global’.
At the opening ceremony, about 100 people, including domestic and foreign financial experts, attended, and Governor Kim Kwan-young announced the start of the event through an opening speech by presenting a vision for Jeonbuk Self-Governing Province to leap forward into an asset management-centered financial city.
Next, welcome speeches were given by co-hosts Jeonju Mayor Woo Beom-ki and National Pension Service Chairman Kim Tae-hyun, and Financial Services Commission Chairman Kim Byeong-hwan, Lee Seong-yoon, and National Assembly member Jo Bae-sook delivered congratulatory messages via video.
In particular, at the ‘GENIE Awards’ ceremony, which was one of the main events of the opening ceremony, Kang Seok-hoon, Chairman of Korea Development Bank, received the award in recognition of his contribution to fostering local startups and new industries.
At the Jeonbuk International Finance Conference (JIFIC), which continued in the afternoon,
At the VC Forum jointly held with the Office of Overseas Koreans, domestic and foreign venture capital (VC) experts participated to discuss overseas expansion and investment attraction strategies for domestic startups.
Ken Kim (co-founder of Asia2G Capital) shared strategies for entering the global market based on Silicon Valley cases.
Rashaad Cooper, a partner at Plug and Play, headquartered in Silicon Valley, USA, emphasized the importance of financial networking for successful overseas investment based on his experience investing in more than 1,000 startups.
The panel discussion that followed included various success stories and practical advice on the difficulties faced in the process of expanding overseas.
The second session was an opportunity to highlight the importance of ESG finance in the global capital market, where financial experts gathered and had in-depth discussions on carbon neutrality and asset management.
In particular, Jessica Andrew (UNEP FI*, Head of Responsible Department), who gave the keynote lecture, mentioned the NetZero investment trend pursued by institutional investors around the world and the importance of leadership, and discussed the importance of sustainable finance in the future economy and financial institutions. The role to be played was emphasized.
In the panel discussion that followed, Professor Kim Lee-bae of Duksung Women’s University served as moderator and an in-depth discussion took place on carbon neutrality and asset management strategies in the global financial market. Various experts, including Lance Uggla (Vice Chairman, General Atlantic), Sara Lee (Director, APG, Dutch Pension Asset Management), and Tim Chan (Director of Research, Morgan Stanley) participated as panelists and shared each country’s strategies and experiences.
In particular, the direction for Jeonbuk Self-Governing Province to move forward was presented by suggesting coexistence measures with the region during the pension fund’s ESG investment process.
Above all, the participants of the forum confirmed the growth potential of Jeonbuk Special Self-Governing Province as a global financial hub and highly praised the successful hosting of the forum.
Kim Gwan-young, Governor of Jeonbuk Special Self-Governing Province, said, “I am happy to discuss the future financial agenda with global financial leaders in Jeonbuk Special Self-Governing Province, which is preparing to take a powerful leap forward as a global asset management financial city.” He added, “Korea’s representative international finance where the region is growing together. ·We will strive to establish ourselves as an economic forum,” he said.
Economy Queen Reporter Choi Hana
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