Seongnam Industrial Promotion Agency has partnered with local institutions in Poland to help regional defense and advanced technology companies enter the European market.
According to the agency, on October 9, an export consultation meeting was held in Wrocław, Poland, with participation from ten defense and advanced technology companies based in Seongnam. A memorandum of understanding was also signed with the Polish Defense Industry Association (PCNDM) in the fields of defense and advanced technology.
This event was organized to expand the exchange between Seongnam and Wrocław, following their sister city relationship, and to support local companies in exploring overseas markets.
The export consultation meeting included companies such as Tiengen, Comotech, BL Tech, Cynex Systems, Netstream, Korea Syscom, Stratio Korea, Jiwoo Information Technology, Next Nine, and Assetec.
Participating companies introduced key products and technologies to local buyers and stakeholders, including encryption modules, servo motors and actuators, defense cameras, drone tactical training simulators, military machine vision systems, infrared spectrometers, and video simulation shooting systems.
They also discussed specific business possibilities related to product exports, technology cooperation, and identifying local partner companies.
To facilitate smooth consultations, the agency supported pre-meeting buyer identification, market research, local interpretation, and consultation room operations.
Moving forward, the agency plans to utilize the local networks established during the consultations to support follow-up discussions and individual companies' entry into overseas markets.
Under the memorandum signed today, both organizations agreed to collaborate on business consultations and technology exchanges between companies, share defense industry trends and market information, identify opportunities for joint technology development and research, cooperate on parts and product supply, and support overseas market entry using their business networks.
Founded in 1995, the Polish Defense Industry Association is an industrial organization with about 150 members, including state-owned defense companies, small and medium-sized enterprises, and research institutions. It supports cooperation among companies in the defense sector and their entry into overseas markets.
This collaboration is expected to broaden the overseas market opportunities for Seongnam companies while also enhancing the competitiveness of the local industry and expanding job opportunities.
If technology cooperation and export opportunities with foreign companies lead to actual contracts and business expansion, it could positively impact the growth of local companies and the revitalization of the regional economy.
However, specific export contracts or business outcomes are expected to be confirmed through future follow-up discussions.
The agency plans to expand its cooperation scope through the operation of overseas market exploration teams, participation in defense exhibitions, and joint projects among companies, using the entry into Poland as a stepping stone to support access to the Central and Eastern European markets.
Meanwhile, Lee Joo-yeon, the head of the agency, stated, "This visit to Poland is significant as it connects the exchange between Seongnam and Wrocław to overseas business opportunities for local companies."
* This article has been translated by AI.
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