South Korea signs $120 million in contracts KBS WORLD English

2024-01-15 02:14:02

Photo : YONHAP News

The 2024 edition of the Consumer Electronics Show (CES), the world’s largest technology fair, will be a great success for South Korean companies.

According to the South Korean Ministry of Industry, Foreign Trade and Energy, participating firms from the country of Bright Morning have concluded contracts whose cumulative amount would reach 120 million dollars, a record. Inter-company exchanges represent, moreover, no less than 400 million dollars. Another record was the number of South Korean companies that participated in the event: 443.

According to the ministry, many visitors were interested in South Korean technologies related to artificial intelligence, mobility and smart health. Six companies in this area have signed memorandums of understanding for supply or technological collaboration, worth $8 million.

Industry Minister Ahn Duk-geun announced plans to expand South Korean participation in international trade shows including MWC, the Mobile World Congress.

Yu Jeong-yeol, president of Kotra, the National Agency for the Promotion of Foreign Trade and Investment, for his part, pledged not to count his efforts so that the participation of the country’s firms in the CES gives tangible results. He thus promised more support for videoconference consultations and resuming contact with potential buyers, among other things.

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