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POSCO International Holds 'Tipstown World Show' in Vietnam to Support Promising Small and Medium-Sized Enterprises' Overseas Expansion
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Summarized by durumis AI
- POSCO International held the Tipstown World Show in Vietnam on May 22 with 10 promising domestic small and medium-sized enterprises, holding 1:1 export consultations with over 50 local buyers.
- This event is the first project that POSCO International and the Pohang University of Science and Technology Technology Holdings have promoted to establish a value-up ecosystem for promising domestic small and medium-sized enterprises, and participating companies will receive various support, from new business development to overseas sales.
- POSCO International is continuously promoting win-win growth activities to support the overseas expansion of small and medium-sized enterprises by utilizing its global network and contributing to strengthening national competitiveness.
On the 22nd, a 1:1 buyer matching event was held in Vietnam with promising domestic SMEs and venture companies.
Consolidation of POSCO Group's SME and venture company value-up ecosystem
POSCO International (CEO, Kee-In Lee) co-hosted the 'Tipstown World Show', a business consultation event, with Pohang University of Science and Technology (POSTECH) Technology Holdings in Hanoi, Vietnam on May 22.
This event is the first project that the two companies have launched to build a value-up ecosystem for promising domestic SMEs and venture companies.
In preparation for this 'Tipstown World Show', POSCO International comprehensively considered market demand, product competitiveness, and the possibility of matching with buyers, selecting 10 promising SMEs and venture companies, including YUCNC, an eco-friendly energy and energy-saving temperature difference paint manufacturer, and Greenwell Global, a biodegradable eco-friendly plastic manufacturing company.
The selected SMEs and venture companies will receive various support, from new business development to nurturing. To this end, POSTECH Technology Holdings has pledged to provide R&D (research and development) support necessary for business development and startup nurturing through the operation of Change Up Ground, POSCO Group's venture nurturing facility. POSCO International plans to help SMEs and venture companies to expand into overseas markets by sharing operational know-how necessary for overseas sales, from global promotion to buyer verification, contracts, logistics, and payment collection, using its overseas branches and subsidiaries.
The 10 SMEs and venture companies participating in this event conducted 1:1 export consultations with about 50 potential buyers in Vietnam, such as AN PHÁT HOLDINGS, a Vietnamese plastic manufacturing company, Techcons, a manual fire protection construction equipment company, and Sơn Hải Phòng (Techcons, Sơn Hải Phòng), confirming the feasibility of their businesses in Vietnam and exploring opportunities for global expansion.
Chang-Sik Choi, CEO of YUCNC, who participated in the export consultation, said, "After starting our first export to Indonesia last year, we were looking for ways to expand overseas, and POSCO International's overseas network was a great help in introducing us to quality buyers." "We plan to discuss new business opportunities with the buyers we connected with through this export consultation."
Seong-Hyeong Heo, Head of the Corporate Citizenship Office, who prepared for this export consultation, said, "Based on the company's global network, it is meaningful to expand into overseas markets with competitive SMEs and venture companies and to publicize Korea's excellent technological prowess, both in terms of securing the company's long-term competitiveness." "In the future, we will support the overseas expansion of SMEs and venture companies that are struggling with exports, and contribute to strengthening national competitiveness through management for continuous transactions."
Meanwhile, POSCO International has been continuously conducting win-win growth activities for SMEs and venture companies, such as local buyer matching export consultations and global expansion capacity enhancement consultations, based on its global network of over 80 companies in 45 countries. In particular, the company has signed business agreements with eight external organizations, including the Small and Medium Business Corporation, the Korea International Trade Association, and the Incheon Startup Park, to help over 80 domestic SMEs and venture companies expand into overseas markets.
Website: http://www.poscointl.com/kor/
Contact
POSCO International
Public Relations Group, Communications Department
Seong-Min An, Manager
02-3457-2077
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