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The European Market Development Team of Gwangju Metropolitan City is holding export consultations with local buyers at the Zagreb Trade Center in Croatia on the 5th.

[Maeil Ilbo Reporter Lee Chang-sik] Gwangju Metropolitan City launched overseas market development activities in two countries, the Netherlands and Croatia.

It secured a niche export market in the Netherlands, where large companies are mainly entering, and Croatia confirmed the possibility of expanding exports to neighboring countries based on ports, although the initial export scale is small.

Gwangju City announced on the 9th that it has achieved $8.52 million in exports and $100,000 in export contracts through market development activities in two European regions, Amsterdam, the Netherlands, and Zagreb, Croatia, with six local SMEs participating from the 1st to the 8th.

E-Soltec, which manufactures Living Leisure House, decided to develop convergence products in collaboration with Fonteyn, Netherlands, in design and technology, and through this, discussed entry into the common market in Europe.

It also decided to present specific additional data such as prices, export conditions, and approval conditions by the 10th, and to discuss specific cooperation measures when visiting Korea in the future.

Fine Co., Ltd., which produces specialized vehicles, discussed the export of 30 ambulances with PK Trucks in the Netherlands. In addition, the Korean Embassy in Croatia purchased two ambulances, which are specialized products of Fine, using KOICA (Korea International Cooperation Agency) funds and supplied them to Bosnia. The export contract amount for the ambulance (which was converted into an ambulance produced by Hyundai Motor Company Turkey) is $100,000 for 2 units.

LGCE QULCS promised to visit Korea in two months for an exclusive contract for optical cable once Korea Otron sends an estimate. If it is completed, it is estimated that a new contract of 5 million euros for Gwangju optical communication parts will be generated.

Sungil Innotek, which produces table mats and multipurpose glass covers, decided to manufacture samples of leather products favored by Europeans in the Netherlands and proceed with export negotiations based on them, and signed an MOU with Croatia's SATURO Co., Ltd. after receiving a $20,000 estimate of samples such as glass covers, table mats, and dessert mats.

SM Pure Co., Ltd., a manufacturer of ultra-fine particle spray sterilizers, hoped to trade with all five buyers other than IDEKO Co., Ltd., which met in Croatia. It sold all the samples brought to the export consultation meeting and signed an export MOU of $500,000 with VEMAMEDIA.

Pan Chemical Co., Ltd., which produces complex PP engineering plastics, signed an MOU of USD 8 million with STRAZA PLASTIKA Co., Ltd. in response to the small demand of various varieties in the Croatian market, and decided to pursue an export contract after visiting Gwangju in May.

A city official said, "We will thoroughly manage the Netherlands and Croatia, including business support, so that they can become new export strategic markets so that they can lead to practical exports.".

Subject	Gwangju City secures niche export market in Europe
No	10
Date	2016.05.09
Category	E-Soltec
source	Ajou Economy and 13 other media outlets
The European Market Development Team of Gwangju Metropolitan City is holding export consultations with local buyers at the Zagreb Trade Center in Croatia on the 5th. [Maeil Ilbo Reporter Lee Chang-sik] Gwangju Metropolitan City launched overseas market development activities in two countries, the Netherlands and Croatia. It secured a niche export market in the Netherlands, where large companies are mainly entering, and Croatia confirmed the possibility of expanding exports to neighboring countries based on ports, although the initial export scale is small. Gwangju City announced on the 9th that it has achieved $8.52 million in exports and $100,000 in export contracts through market development activities in two European regions, Amsterdam, the Netherlands, and Zagreb, Croatia, with six local SMEs participating from the 1st to the 8th. E-Soltec, which manufactures Living Leisure House, decided to develop convergence products in collaboration with Fonteyn, Netherlands, in design and technology, and through this, discussed entry into the common market in Europe. It also decided to present specific additional data such as prices, export conditions, and approval conditions by the 10th, and to discuss specific cooperation measures when visiting Korea in the future. Fine Co., Ltd., which produces specialized vehicles, discussed the export of 30 ambulances with PK Trucks in the Netherlands. In addition, the Korean Embassy in Croatia purchased two ambulances, which are specialized products of Fine, using KOICA (Korea International Cooperation Agency) funds and supplied them to Bosnia. The export contract amount for the ambulance (which was converted into an ambulance produced by Hyundai Motor Company Turkey) is $100,000 for 2 units. LGCE QULCS promised to visit Korea in two months for an exclusive contract for optical cable once Korea Otron sends an estimate. If it is completed, it is estimated that a new contract of 5 million euros for Gwangju optical communication parts will be generated. Sungil Innotek, which produces table mats and multipurpose glass covers, decided to manufacture samples of leather products favored by Europeans in the Netherlands and proceed with export negotiations based on them, and signed an MOU with Croatia's SATURO Co., Ltd. after receiving a $20,000 estimate of samples such as glass covers, table mats, and dessert mats. SM Pure Co., Ltd., a manufacturer of ultra-fine particle spray sterilizers, hoped to trade with all five buyers other than IDEKO Co., Ltd., which met in Croatia. It sold all the samples brought to the export consultation meeting and signed an export MOU of $500,000 with VEMAMEDIA. Pan Chemical Co., Ltd., which produces complex PP engineering plastics, signed an MOU of USD 8 million with STRAZA PLASTIKA Co., Ltd. in response to the small demand of various varieties in the Croatian market, and decided to pursue an export contract after visiting Gwangju in May. A city official said, "We will thoroughly manage the Netherlands and Croatia, including business support, so that they can become new export strategic markets so that they can lead to practical exports.".

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