A Long Line of Buyers Engage in Business Talks
(Published April 18, 2012)

GSBC held the 2012 G-TRADE GBC Export Business Session on April 18

◇ At the 2012 G-TRADE GBC Export Business Session held at the Ibis Suwon Ambassador Hotel on April 18, export talks resulted in deals worth a combined total of USD 49.3 million in 280 cases. ⓒ G-News Plus

The Gyeonggi Provincial Government announced that deals worth USD 49.3 million in exports were successfully concluded at the 2012 G-TRADE GBC Export Business Session, which was jointly held by the Gyeonggi Provincial Government and the Gyeonggi Small and Medium Business Center (GSBC) on April 18.

The event was held with GSBC inviting 61 buyers from 51 businesses interested in importing goods manufactured by companies in the province through the introduction of GSBC-operated business centers in foreign countries. Significantly, most of the buyers were from emerging markets such as China, India, Malaysia, Singapore, and Russia, as well as the United States, which signed a free trade agreement with South Korea.

Commenting on the event, a provincial official said that a pre-matching process contributed to raising the rate of success.

◇ A representative from an SME in Gyeonggi Province explains a product to a buyer ⓒ G-News Plus

A buyer from the United States said, “The Korean-made goods presented at the event displayed a high degree of technological excellence and quality, and the prices also offered good value. Thanks to the well-arranged programs, I was able to carry out business talks in a satisfactory way.”

President Lee Sang-man of Sentech Co. Ltd., a company in Hwaseong City specializing in the production of flexible carbon fiber and flexible heating elements, said, “We have been exporting to Europe and are planning to enter into business with American buyers. The session enabled us to see how foreign importers respond to our products.” 

Korea Mother-of-Pearl Tile, a company in Pyeongtaek City specializing in the production of mother-of-pearl tiles for interior decoration, agreed to push ahead with a contract worth USD 830,000 with a U.S. enterprise. Mammoth in Seongnam City, which specializes in confectionery manufacturing and distribution, signed a contract worth USD 200,000 with a Singaporean business interested in rice-based confectionery.

Argus Co., Ltd., which exports security equipment such as CCTV cameras and DVRs to more than 70 countries, concluded business talks with a U.S. business concerning USD 200,000 in black-box cameras for vehicles.

GSBC operates Gyeonggi Business Centers (GBC) in Mumbai, Moscow, Sao Paulo, Los Angeles, Kuala Lumpur, Shanghai, and Shenyang to provide support for local exporters in such matters as local market surveys, the exploration of potential business partners, the organization of trade delegations, the staging of export business sessions, and the attraction of buyers.

Among the programs GSBC plans to undertake this year to assist SMEs are G-TRADE JAPAN (in May), the FTA-related Export Business Session (in June), and the G-FAIR Export Business Session (in October).

For further information, please visit the official trade website of GSBC (www.gtrade.or.kr) or call its Marketing Support Team at (+82-31-259-6149). 

◇ GSBC is scheduled to hold the following events this year: G-TRADE JAPAN (May 24), FTA-related Export Business Session (in June), and G-FAIR Export Business Session (in October). ⓒ G-News Plus

ⓒ G-News Plus News / Son Rak-hun / kuni1202@kg21.net

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