[Photo by Kim Yoo-jin]
The government is addressing the export challenges faced by food companies in the Jeonbuk region to expand K-Food exports.
On June 24, the Ministry of Economy and Finance's Export Plus Support Team announced that it would visit Jeonbuk for two days to hold a meeting with food export companies and a financial support briefing.
The meeting, held at the Korea Food Industry Cluster Promotion Agency in Iksan, included representatives from the Export Plus Support Team, the Ministry of Trade, Industry and Energy's Overseas Certification Support Team, Iksan City, the Korea Trade-Investment Promotion Agency (KOTRA), the Small and Medium Business Administration, the Korea International Trade Association, and the Korea Export Insurance Corporation, along with food export companies.
During the meeting, companies raised concerns about rising export logistics costs, the burden of responding to country-specific certifications and regulations, developing overseas markets, post-management of international exhibitions, and a lack of information on overseas certifications. In response, the government and export support agencies introduced various support programs, including export and logistics vouchers, policy funding, overseas branch establishment projects, buyer matching services, and mentoring for overseas certifications.
Yoo Beom-min, deputy head of the Export Plus Support Team, stated, "K-Food, alongside K-content, is a representative export industry gaining attention in the global market. The government and export support agencies will work as a united team to resolve the challenges faced by companies and actively support the expansion of K-Food exports."
On June 25, the support team plans to hold a financial support briefing for export companies in Jeonju, in collaboration with the Korea Export-Import Bank, IBK Industrial Bank, Korea Export Insurance Corporation, Credit Guarantee Fund, and Technology Guarantee Fund, to introduce financial support programs such as exchange rate fluctuation insurance and preferential interest rate loans.
Additionally, the team will hold a regional export promotion cooperation meeting with Jeonbuk Province to discuss support measures for export companies. The support team aims to establish cooperative channels with local governments in nine provinces nationwide by the end of this year.
On June 24, the Ministry of Economy and Finance's Export Plus Support Team announced that it would visit Jeonbuk for two days to hold a meeting with food export companies and a financial support briefing.
The meeting, held at the Korea Food Industry Cluster Promotion Agency in Iksan, included representatives from the Export Plus Support Team, the Ministry of Trade, Industry and Energy's Overseas Certification Support Team, Iksan City, the Korea Trade-Investment Promotion Agency (KOTRA), the Small and Medium Business Administration, the Korea International Trade Association, and the Korea Export Insurance Corporation, along with food export companies.
During the meeting, companies raised concerns about rising export logistics costs, the burden of responding to country-specific certifications and regulations, developing overseas markets, post-management of international exhibitions, and a lack of information on overseas certifications. In response, the government and export support agencies introduced various support programs, including export and logistics vouchers, policy funding, overseas branch establishment projects, buyer matching services, and mentoring for overseas certifications.
Yoo Beom-min, deputy head of the Export Plus Support Team, stated, "K-Food, alongside K-content, is a representative export industry gaining attention in the global market. The government and export support agencies will work as a united team to resolve the challenges faced by companies and actively support the expansion of K-Food exports."
On June 25, the support team plans to hold a financial support briefing for export companies in Jeonju, in collaboration with the Korea Export-Import Bank, IBK Industrial Bank, Korea Export Insurance Corporation, Credit Guarantee Fund, and Technology Guarantee Fund, to introduce financial support programs such as exchange rate fluctuation insurance and preferential interest rate loans.
Additionally, the team will hold a regional export promotion cooperation meeting with Jeonbuk Province to discuss support measures for export companies. The support team aims to establish cooperative channels with local governments in nine provinces nationwide by the end of this year.
* This article has been translated by AI.
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