Medium-sized companies sign $16.3 mil. worth of export deals, MOUs at KOTRA event

Headquarters of the Korea Trade-Investment Promotion Agency (KOTRA) in southern Seoul / Courtesy of KOTRA

Medium-sized companies in Korea on Tuesday signed export deals and memorandums of understanding (MOUs) worth a combined $16.3 million at an export promotion campaign hosted by the Korea Trade-Investment Promotion Agency (KOTRA), the event organizer said.

The deals were signed at the "global connect" event organized for medium-sized firms here, according to KOTRA, which jointly hosted the campaign with the Ministry of Trade, Industry and Resources.

Tuesday's event was attended by around 100 global companies, including U.S. chip giant Intel, Thai retailer CP Axtra and Indonesian food company Sukanda Djaya.

KOTRA said the event was part of efforts to help Korean firms diversify their export destinations to Europe, Southeast Asia and Latin America amid ongoing shifts in the global trade environment.