G-Fair 2009 for SMEs at KINTEX in September
G-Fair 2009 for SMEs at KINTEX in September
  • Lee Kyung-min
  • 승인 2009.08.10 09:35
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A logo of G-Fair 2009

G-Fair 2009, the nation's biggest trade fair for small and medium-sized enterprises (SMEs), will be held at the Korea International Exhibition Center (KINTEX) in Goyang City, Gyeonggi Province for three days from Sept. 24.

The fair, designed to help SMEs introduce their advanced technologies, accelerate information exchange and explore new domestic and export markets, is hosted by Gyeonggi Province and organized by the Gyeonggi Small & Medium Business Center (GSBC).

About 550 leading SMEs in IT, electric and electronics, living necessities, and other consumer goods sectors are to participate in the 2009 fair, a spokesman of GSBC said.

Meanwhile, more than 400 foreign buyers are expected to attend the international fair for SMEs in a bid to explore a new trade market with Korean SMEs.

At the same time, the fair will offer a good chance for large domestic companies, discount stores and retail-specialized companies to meet with leading SMEs, seeking new business partners.

During the trade fair, there are five major events to actively support SMEs seeking ways to explore both domestic and overseas markets, the spokesman said.

Firstly, the GSBC will organize a trade consultation meeting by inviting over 400 buyers from 20 countries. It will also hold a seminar to advance overseas markets where domestic and foreign experts on overseas markets will introduce effective strategies to explore foreign markets.

Along with this, it will invite buyers from large companies and distributors to a consultation meeting for buyers at both large and smaller companies.

In particular, universities and SMEs will announce their joint projects for the development of new technology through industrial-academic cooperation.

Besides, star managers will deliver special lectures on their successful management to deliver advanced managerial know-how to owners of SMEs.

Major results of G-Fair 2008

In G-Fair 2008, a total of 301 companies in living necessities, electric and electronics, industrial goods, ideas, region-specialized, and IT sectors attended the trade fair, the spokesman said. In a separate move, 199 companies attended the GP Show, bringing the total number of participants to 500.

Meanwhile, 1,003 foreign and domestic companies participated in a consultation meeting for foreign buyers and pushed for contracts amounting to US$1.35 million.

A total of 231 companies attended a consultation meeting for large and smaller companies and engaged in consultations worth W6.2 billion (US$5.1 million).

In the meantime, experts from five countries attended a seminar to advance into the overseas market and 50 experts on patents participated in a seminar for strategy to protect patents.

G-fair 2008 greatly contributed to continuously expanding the number of foreign buyers participating in the trade fair and increasing exports of products made by Korean SMEs, the spokesman said.

For instance, the number of participants increased from 239 in 2007 to 500 in 2008, and the number of foreign buyers expanded by 51 percent from 250 in 2007 to 379 in 2008.

Thanks to active participation, export achievements increased by US$33 million from US$102 million in 2007 to US$135 million in 2008.

However, there were some problems, including an insufficient number of general visitors to the trade fair and low PR effects resulted from complicated fair titles and a shortage of information between Korean SMEs and foreign buyers, the spokesman said.

Direction of G-Fair 2009

A poster of G-Fair 2009

GSBC will exert all-out efforts to develop G-Fair 2009 into a trade-specialized international exhibition by inviting more foreign buyers and attracting more overseas enterprises, the spokesman said.

"By holding GP Show along with the G-Fair 2009 and attracting Germany's Ambiente 2009, we are planning to create synergy effects through the introduction of a show in show concept," he said.

"At the same time, we will double our efforts to maximize market exploration effects and satisfy both Korean SMEs and foreign buyers by upgrading the quality and quantity of domestic and foreign buyers and general visitors to the event," he added.

In particular, GSBC is pushing for organizing an experience event that participating companies, buyers and visitors can participate and watch.
It aims to attract 550 Korean SMEs, 35,000 Korean visitors and 600 foreign visitors to G-Fair 2009 this time. It also plans to invite 35,000 Korean buyers and 400 foreign buyers to the trade fair for export contracts of US$140 million.

G-Fair 2009 consists of seven major halls - an electric & electronics hall, IT hall, parts & materials hall, living necessities hall, idea hall, trade consultation place, and an Ambiente hall.

Side Events

An opening ceremony for G-Fair 2009 will be held at KINTEX on Sept. 24 with the attendance of some 200 guests, including the governor of Gyeonggi Province, lawmakers, city mayors, heads of relevant institutions and university presidents.

Ahead of the opening ceremony, a welcoming dinner party will be held at GSBC building on Sept. 23 with about 300 guests, including the governor of Gyeonggi Province, heads of relevant institutions, university presidents and foreign buyers, attending.

About 400 buyers from 20 countries and 2,000 SMEs will participate in the trade consultation meeting for foreign buyers on Sept. 24. Regional experts on Japan, India, the Middle East, Vietnam, Russia and CIS will attend a seminar held at KINTEX on Sept. 25 on strategy to advance overseas markets.

More than 20 distribution-related companies, including CJ and GS, and 200 SMEs will hold a purchase consultation meeting between larger and smaller companies on Sept. 25.

Along with this, about 150 guests, including participants in the trade fair and university students, will attend an event for special lectures on Internet shopping malls and other know-how on business start-up by star managers on Sept. 24.

Invitation to G-Fair 2009

A catch phrase, Touch the World

Leading SMEs armed with high technology and superior export competitiveness in the IT, living necessities, electric & electronics, industrial goods, idea, region-specialized sectors applied for the trade event through its homepage (www.gfair.or.kr).

About 300 companies based in Gyeonggi Province and 250 companies in the other regions in the country are expected to attend the trade fair.

Among participants are promising SMEs dealing with semiconductors, displays, electronics parts & materials, electric & electronics equipment, digital information equipment, PC & peripherals, communication broadcasting equipment, home appliances, beauty, health and ideas, the spokesman said.

During the fair period, about 400 foreign buyers, including those from Japan, the EU, and the US, are likely to visit Korea to engage in trade consultations with domestic SMEs.

To attract more foreign buyers from India, China, Russia, CIS, Latin America, the Middle East and Vietnam, GSBC will actively utilize its overseas network, while requesting help from relevant institutions armed with wide overseas network, including KOTRA and Korea Foreign Trade Association (KFTA), he said.

In addition, it aims to attract more than 35,000 business and general visitors to G-Fair 2009 by focusing its PR activities on business-related people, existing buyers, new buyers, relevant institutions, research centers and universities, he added.


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