Chung Nam-nam Group, an agricultural company, sells 'old-sulfur crop bread' made of rice. It is exporting to Japan with a similar appearance to agricultural products and a unique texture of rice cakes, and plans to expand its export market to Taiwan and Singapore. Studio All, a household goods company, is a representative product of Woollim Speaker, a handcrafted non-powered speaker. It has been recognized for its competitiveness in overseas markets by entering Uncommon Goods, a platform specializing in value consumption in the United States, last year.
The Ministry of SMEs and Startups announced on the 25th that it held a selection ceremony for "Local to Global, Small Business Auditions" at Pangyo Business Support Hub and selected 100 promising small business owners who will lead the export of consumer goods.
The Ministry of SMEs and Startups is pushing for a "everyone's regional commercial district strategy" to revitalize local commercial districts by spreading local startups nationwide and fostering key stores with regional characteristics. Among them, the global small business project supports the entire process, from capacity diagnosis to export commercialization to overseas market development, in order to support local companies' overseas expansion. In particular, it provides customized support for establishing export strategies, obtaining overseas certification, and localizing products.
A total of 649 companies applied for this year's project, and the final 100 companies were selected. By field, there are 49 food companies, 26 household goods companies, 19 beauty companies, and 6 fashion companies. The 100 companies that were finally selected as global small business owners will receive up to 100 million won in commercialization funds depending on the evaluation results, along with specialized education, consulting, and sales support by country and item.
Lee Byung-kwon, the second vice minister of the Ministry of SMEs and Startups, said, "Global interest in Korean consumer goods is increasing along with the Korean Wave," adding, "We will actively support local companies that provide products and services with unique Korean charms to grow into global companies that compete in the global market beyond regional limits."
