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Planting the Seed of the Creative Economy in the Materials, Parts Industry
2013 Global Materials and Parts Industry Fair
Planting the Seed of the Creative Economy in the Materials, Parts Industry
  • By matthew
  • October 8, 2013, 09:06
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The 2013 Global Materials and Parts Industry Fair hosted by the Ministry of Trade, Industry and Energy and conducted by the Korea Institute for Advancement of Technology (KIAT), Korea Evaluation Institute of Industrial Technology (KEIT), Korea Trade-Investment Promotion Agency (Kotra), and KINTEX will be held from Wednesday, October 30 to Friday, November 1, at Exhibition Center 1 of KINTEX in Ilsan.

At the Fair, 780 domestic and international material parts related companies, facilities, colleges, and research centers will participate in award ceremonies, exhibitions, seminars and forums, as well as the GP Korea Conference, where they will check the accomplishments of the domestic materials and parts industry. GP in this case stands for Global Partnership. Other various programs for overseas business expansion will be provided as well.

At the awards scheduled during the opening ceremony, 37 worthy persons in the materials and parts technological development area will receive Silver Tower Order of Industrial Service Merit awards, along with other industrial recognition awards, presidential citations, prime minister and minister citations. The awards will be handed out considering the level of contributions made by the materials parts industry to the national economy.

The exhibition will be divided into the three main parts of Infrastructure, 20 Core Parts Materials Accomplishments, and Material Parts Companies. Visitors can see the achievements of the government’s materials parts cultivation business, as well as the current condition and visions of the domestic materials parts industry. It will also provide opportunities for the participating companies and facilities to check up on each other.

More information on th 2013 Global materials parts industry Fair can be found on their website at www.imac21. co.kr.

The “GP Korea 2013” Conference

In addition, the “GP Korea 2013” for vitalizing global cooperation in the materials parts industry and expanding oversea business opportunities for domestic materials parts companies will be held for two days, from Wednesday, October 30 to Thursday, October 31 at Exhibition Center 1 of KINTEX in Ilsan.

GP Korea is a 1:1 domestic:inter -national matching conference program for foreign global demand companies, leading research institutions, and the domestic material parts companies themselves. It aims to expand oversea business opportunities for domestic material parts companies. It began in 2010 and has held over 70 conferences since then, matching about 5,000 cases.

At “GP Korea 201,” a total of 400 companies will be participating in the conference, including about 330 domestic materials parts companies and 50 global companies. These will include Volvo and GM, 9 foreign research facilities such as Fraunhofer (Germany), VTT (Finland’s Technical Research Centre), and 10 foreign investment companies such as Honda.

Other than the conferences for global demand companies per foreign market, “GP Korea 2013” also holds separate conferences for technical cooperation between foreign research institutes and domestic small to mid-size material parts companies, and those for foreign investment companies.

Including Europe’s biggest applied science technology research institute Fraunhofer, nine leading foreign research institutes and equally excellent domestic small to mid-size companies will come together at the technical cooperation conference, where they will discuss the business potential in outstanding technologies developed by domestic materials parts companies and search for overseas business expansion opportunities.

Also, through various supporting options such as the global accompanied growth R&BD business, domestic materials parts companies will be connected to global demand companies and continue to receive support for joint R&D as well as global commercialization processes.

Also, depending on the needs of the small to mid-size companies participating in the conference, on-site matching with foreign global companies and investment companies may take place.

KIAT Representative Jung Jae-hoon said, “Mostly, I expect Korea’s excellent small to mid-size companies who are facing difficulties in commercializing their technology due to the lack of R&D infrastructure in the field to grab opportunities for expanding business to foreign markets by aggressively networking with leading foreign research institutes at GP Korea.”

More information about GP Korea 2013 can be found on their website at www.gpkorea.or.kr.