Yongin City Signs $6.2 Million in Contracts on First Overseas Market Exploration Delegation Since COVID-19

[Suwon Ilbo=Park No-hun Reporter] A market exploration delegation comprised of eight small and medium-sized enterprises from Yongin City achieved notable results by signing contracts worth $6.2 million in Sydney and Melbourne, Australia.

According to Yongin City on the 21st, the eight companies conducted export consultation meetings from the 13th to 18th in Sydney and Melbourne, concluding a total of 77 deals worth $6.2 million.

The companies participating in the market exploration delegation are 'Liz Corporation (cosmetics)', 'AL Inc. (lighting signage)', 'EuroBake Inc. (bakery products)', 'HB Global Inc. (laundry detergent)', 'Laon Corporation (snacks)', 'Neph (inflatable life tubes)', 'JM Green (frozen containers)', and 'Ad Home Inc. (cosmetics)', totaling eight companies.

These companies engaged in export consultation meetings at the venue with pre-matched buyers.

The scale of consultations totaled $3.75 million in 38 deals in Sydney and $2.45 million in 39 deals in Melbourne, with additional contracts expected to be concluded later.

The city covered half of the airfare per person for these companies while providing support for market feasibility studies, buyer matching, and interpretation and translation services to facilitate smooth consultation meetings.

A city official stated, "We are pleased to have dispatched the first overseas market exploration delegation since COVID-19 and achieved meaningful results," and added, "Although the international export environment is deteriorating, we will actively support promising local companies to advance into overseas markets and grow."

Separately, during the same period, city officials were invited to the City of Maribyrnong, Australia, where they met with Mayor Anthony Tran and Council President Ram Cook to discuss economic cooperation and ways to activate friendly exchanges between the two cities.

Meanwhile, the city plans to dispatch 12 companies to Singapore and Indonesia as a market exploration delegation in October.