Tuesday, May 22, 2018
Korea Midland Power Achieves 10 Billion Won Exports with SMEs
K-Jang Bogo Project
Korea Midland Power Achieves 10 Billion Won Exports with SMEs
  • By Lee Song-hoon
  • February 9, 2018, 02:45
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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.

 

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.