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Bigger Firms Open up Sales Channels for Smaller Companies

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공표년도

창작년도

2009-06-21

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These wooden pots and bowls are made by a medium-sized company in Korea.
Through handiwork and special application of lacquer the company increased the durability of its wares and won a patent.
The company claims its wooden products can last longer than a thousand years.
But still it is having a hard time securing sales channels.
That is why this so-called "match-making" forum was held in the city of Daejeon to help small and medium-sized companies find bigger firms that can help them secure markets.
[Interview : Kim Yong-oh‚ Owner of traditional woodenware company
] "The market is very limited and we are facing difficult times. It would be great if conglomerates can open up channels to domestic as well as overseas markets."
The forum is mutually beneficial as it serves as an opportunity for smaller companies to learn more about market trends and conglomerates can discover profitable companies that they can invest in.
[Interview : Park Seoung-hyo‚ Daejeon Mayor
] "In small cities‚ it is especially difficult to connect small companies with big ones. So it is an ongoing issue and events like these help small companies discover new markets."
Consulting sessions were held at the forum in which conglomerates and public firms in 37 fields‚ including electronics telecommunications and the automotive industry‚ participated.
[Interview : Jung Young-tae‚ Manager
Small & Medium Business Administration] "We will expand measures to support small and medium-sized businesses‚ and increase the number of events like these."
And if that happens as planned smaller companies could find new paths for their products to reach an ever-widening circle of global customers.
Jang Sou-ie‚ Arirang News.
Reporter : sjang@arirang.co.kr

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