K-Jang Bogo Project: Korea Midland Power Achieves 10 Billion Won Exports with SMEs | BusinessKorea

Saturday, February 24, 2018

Officials from small and mid-size companies participating in “K-Jang Bogo Project” run by the Korea Midland Power pose for a photo at the Mitsubishi Hitachi Power Systems (MHPS) vendor registration conference held in November last year.
Officials from small and mid-size companies participating in “K-Jang Bogo Project” run by the Korea Midland Power pose for a photo at the Mitsubishi Hitachi Power Systems (MHPS) vendor registration conference held in November last year.
Seoul, Korea
9 February 2018 - 11:45am
Lee Song-hoon

The Korea Midland Power Co. (KOMIPO) recently announced that it achieved 10 billion won (US$9.13 million) worth of exports in January 2018 through “K-Jang Bogo Project” that has been promoted from February last year.

The KOMIPO has carried out the K-Jang Bogo Project, which is specialized in accompanied overseas advancement, from 2010. The KOMIPO’s CEO directly visited and guided 20 partner companies and held a conference to promote products and consult exports to global leading firms as a vendor in February last year. He also made an effort to expand exports of small and mid-size partner firms with good quality products that were unable to participate in the meeting by providing them with the list separately.  

As a result, 22 partner companies were able to be registered as a vendor of global firm GE and signed a contract to supply their products to construction of GE’s power plants worth 24.2 billion won (US$22.09 million).

Last year, the KOMIPO also visited its own overseas power plants, including Cirebon in Indonesia, and held a conference to invite buyers and match sellers with buyers one on one in July and visited a MHPS’ plant in Japan along with 17 companies to hold a meeting to introduce their products and offer one-to-one consultations and helped them, including SUNG-IL SIM, to register as a vendor of MHPS and enter into two contracts worth 900 million won (US$820,719) in November. 

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