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Korea Midland Power Opening Up New Markets with SMEs
Exploring Overseas Markets
Korea Midland Power Opening Up New Markets with SMEs
  • By Jung Min-hee
  • May 9, 2018, 13:57
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Korea Midland Power (KOMIPO) helps local SMEs explore overseas markets.
Korea Midland Power (KOMIPO) helps local SMEs explore overseas markets.

Korea Midland Power (KOMIPO) president Park Hyung-koo recently visited Russia and Uzbekistan in order to help South Korean small and medium enterprises (SMEs) expand their business in the two countries.

Korea Midland Power announced on May 8 that Park visited power plants in the two countries with representatives from 14 SMEs between April 23 and 27. They also had business talks with local buyers during the period.

Their business trip was part of Korea Midland Power’s K-Jangbogo Market Exploration Project, which was launched in 2010 to facilitate local SMEs’ overseas business expansion. During the trip, the companies presented their products and set the stage for their future business in Russia and Uzbekistan. Some of them drew much interest from local buyers and received letters of intent for purchase.

In addition, Korea Midland Power discussed joint investment in power plants in third countries with Gazprom Holdings. The company is a subsidiary of Russia’s state-run Gazprom, which is one of the largest natural gas producers in the world.