Seongnam Industrial Promotion Agency is collaborating with the Global e-Mobility Council to support local climate tech companies in entering international markets.
According to the agency on the 27th, a memorandum of understanding was signed with the Global e-Mobility Council on the 22nd to foster the climate tech industry and enhance global cooperation.
This agreement aims to connect the technological capabilities and commercialization potential of Seongnam companies with practical business opportunities such as overseas demonstrations, investment attraction, and market development.
The two organizations plan to leverage their respective support capabilities and international cooperation networks to broaden collaboration in the climate tech and e-mobility sectors.
Key areas of cooperation include information exchange in the climate tech and e-mobility industries, support for local companies entering overseas markets, identification of overseas demonstration and investment opportunities, and market development abroad.
The agency will identify local companies wishing to expand internationally, while the Global e-Mobility Council will utilize its global network to connect these companies with local partners and business opportunities.
In particular, the focus will be on fostering collaboration between domestic companies and foreign enterprises and institutions in areas such as electric vehicles, batteries, and vehicle data.
The Global e-Mobility Council, established in 2016, is an international cooperation network involving over 80 associations, organizations, international bodies, and companies from more than 30 countries.
It has facilitated international exchanges in the related industries through general meetings and forums linked to the International e-Mobility Expo.
Since last year, the agency has been implementing the 'Seongnam Climate Tech SME Development Project.'
This initiative supports commercialization funding, demonstrations, investment attraction, and market development according to the growth stages of companies, with a goal of identifying and supporting 200 promising companies, attracting investment for 50 companies, and nurturing 10 global innovation firms by 2029.
Meanwhile, Lee Joo-yeon, the head of the agency, stated, "This agreement will serve as an opportunity to connect the technologies of Seongnam's climate tech companies with the demands in overseas markets."
She added, "We will support companies in securing demonstration and commercialization opportunities to enhance their competitiveness in the global market."
* This article has been translated by AI.
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