The 2015 Busan Regional Industry New Tech Expo, which showcases new technologies developed by small and mid-size venture firms in the region at one place, was held at Busan Exhibition & Convention Center (BEXCO) from Sept. 10 to 12.
Taking place for eighth time this year, the event was the largest new tech expo in the southeast of Korea, hosted by Busan Metropolitan City (Mayor Suh Byung-Soo), organized by Busan Techno Park, and sponsored by the Ministry of Trade, Industry and Energy, the Korean Intellectual Property Office, Busan Ulsan Small Medium Business Administration, and major media organizations in the region.
The expo displayed excellent patent technologies and products of small and medium-sized venture companies. In order to actively help them build up the market at home and abroad, it hosted Busan International Business Conference as a concurrent event. Through the conference, 26 foreign buyers and 12 participating companies, including 4ENS Co., signed export contracts worth 17 billion won (US$14.39 million) with 10 forms in six countries, including Russia’s Auto System Co., Ltd. Also, it carried out a total of 191 consultation sessions and made purchase contracts worth 1.5 billion won (US$1.27 million) from 50 domestic buyers. Accordingly, the expo positioned itself as the representative forum in the region for exporting new technology.
An official from Busan City said, “As the 2015 Busan Regional Industry New Tech Expo, which was held for the eighth time this year, provides one-stop customized services for companies, many small and mid-size venture firms take part in the event. Accordingly, it will become priming water for bearing substantial fruits of the creative economy, and greatly contribute to creating jobs in the regional industry.”