KT Establishes Support Base for Domestic Small and Medium-sized and Venture Company Partners in Vietnam
Published2017.07.28 16:37First Supported Company 'Irisys' Achieves 4.5 Million Dollar Export Performance at New Product Briefing Session in Vietnam
KT announced on the 28th that it has newly established the 'Overseas Joint Market Entry Project (Global PoC: Proof of Concept)' in cooperation with the Ministry of SMEs and Startups and the Korea Federation of SMEs, to support the global expansion and overseas market development of small and medium-sized and venture companies. As the first event, KT held a new product briefing session in Ho Chi Minh City, Vietnam and concluded export contracts worth 4.5 million dollars.
The 'Overseas Joint Market Entry Project' is a business that leverages KT's overseas network and brand recognition, marketing capabilities, and infrastructure to support joint marketing and overseas expansion. The Ministry of SMEs and Startups and KT jointly contribute funds to support costs necessary for small and medium-sized venture companies' overseas expansion, and plan to conduct four or more projects during the second half of this year. The first event was held in the format of a new product briefing session in Ho Chi Minh City, Vietnam from the 26th to the 28th to support partner companies' entry into the Asian market.
KT recognized the necessity of the Overseas Joint Market Entry Project and took action to promote products in Vietnam and secure export opportunities through overseas buyer matching. KT provided comprehensive support to small and medium-sized and venture company partners, including covering all necessary costs such as exhibition space rental, transport of exhibition goods, and provision of professional interpreters.
Going forward, KT plans to expand the support for the 'Overseas Joint Market Entry Project' beyond new product briefing sessions to include overseas localization of products, functional improvements, manual translation into local languages, and acquisition of various local certifications.
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