KOTRA and an export-import bank made a business agreement at KOTRA's tenth floor in their video conference room on February 17 to aid small businesses in reaching out to the global stage. The purpose of this contract is to nurture companies who have participated in the two organizations' project to enter the global market and expand their businesses.
Thus, for companies who engaged in the 'Korean Hidden Champion Development Business' conducted by export-import banks, KOTRA will support the companies' overseas marketing and overseas financial aid. Moreover, export-import banks will provide financial services to companies who participated in KOTRA's 'Development of Global Company' project and vice-versa.
'Korean Hidden Champion Development Business' is managed by export-import bank where it is designed to garner 300 domestic companies to go global and it will continue until 2019.
