Suwon's 10 Small and Medium Businesses Target 2 Billion Muslim Market

Suwon Special City (Mayor Lee Jae-jun) will operate the "Suwon Middle East Alternative Export Promotion Team" in Indonesia and Singapore, key trade hubs for 2 billion Muslims, beginning on the 20th.

Suwon City plans to support export companies facing difficulties due to Middle East trade risks by ensuring excellent Korean Wave (K-Wave) products are widely disseminated in Muslim regions and actively helping local companies diversify their export markets.

In May, Suwon City selected 10 small and medium enterprises manufacturing Korean Wave products. The export promotion team operates as a project in collaboration between Suwon City and local professional trade organizations, with participating companies seeking out buyers guaranteed by local cities to conduct export consultations.

The 10 companies conducted export consultations with 50 buyer companies in Jakarta, Indonesia on the 20th and visited their business facilities to develop export markets. On the 22nd, they will move to Singapore to meet 50 buyer companies for export consultations and plan to visit buyer facilities on the 23rd.

Singapore and Indonesia are key trade hubs for the 2 billion Muslim market. Among ASEAN nations, Singapore ranks first in imports (638 trillion won) and Indonesia ranks third (319 trillion won).

The Middle East alternative export promotion team includes ▲Globepex (derma skincare 'Redhilron') ▲MacPyTech (bidirectional laser measurement device) ▲Braintech (in vitro diagnostic device) ▲Aroneltech (telescope-embedded hat) ▲Athena iX (eye patch, skin pack, lifting ampoule) ▲STC (injection molding dies) ▲H&S; BioLab (urine biomarker-based artificial intelligence kidney disease diagnosis platform) ▲OctoGlobal (cosmetic raw materials and esthetics) ▲Curajen (medical 3D dressing foam) ▲Chromach (peptide cosmetics).