The Korean Ministry of SMEs and Startups and the INNOBIZ Association announced on Sept. 20 that they jointly held the first Korea-Turkey SMEs Technology Matching Conference in 2019 at Marmara Hotel in Istanbul, Turkey from Sept. 17-18.
At the conference, six Korean SMEs held business meetings with approximately 80 Turkish companies. They discussed technology licensing, exports of parts, materials and equipment, and the establishment of factories in Turkey.
B-Bio, a maker of blood glucose measuring equipment, is expected to sign a contract with a local company in Turkey, the INNOBIZ Association said. The other companies also signed 10 memorandums of understanding (MOUs) with Turkish companies.
“We will actively support export-oriented SMEs among 3.5 million SMEs in Turkey,” said Necati Günaydın, director general of the Turkish Administration of Small and Medium-sized Industrial Enterprises (KOSGEB). "I hope that technology exchanges between Korea and Turkey will be promoted through continuous cooperation between Korean and Turkish companies."
"We will make efforts to help Korean SMEs with innovative technologies enter new export markets," said Hong Chang-woo, managing director of the INNOBIZ Association.