The power of economic diplomacy ...
small and medium-sized businesses with assets of \500 million were exported goods for $ 100 m i l l i on.

​"The company, which started with 500 million won, which is difficult to set up as a cafe in the countryside, has won the tower of export of 100 million dollars (about 119 billion won). The power of the economic delegation, with the president and the public, became greater. "

On the afternoon of the 15th, Chug Byungkee, CEO of Keyyang Precision Co., Ltd., in the 'International Expansion and Proliferation Discussion Forum' held at Yeoi-dong Yeoungdong-gu, Yeongdeungpo-gu, Seoul, said, "The use of the normal diplomatic mission is government-level qualification and strong recommendation. This guarantee from above has created a leap for our company," he said.

The company, which has developed turbocharger technology for 21 years, has joined President Park's oversea trip as economic mission in Germany on March 2014 and in China on September 2015. The procurement of raw material parts, which was an old task, was solved in Germany, and joint development and delivery of parts was solved in China.

The forum was a place to share President Park's accomplishments with the past economic diplomacy and discuss successive measures. Unlike in the past, when big company leaders accompanied presidents, the 'new concept' economic delegation was launched in March last year as a representative of a small and medium-sized company with a high potential for growth from Park's trip to the Middle East. A business official said, "With practical emphasis on economic delegation, more than 260 contracts were implemented last year alone with one-on-one conferences, and all of them achieved 2.20 trillion won," he said.

We can confirm the spread of consensus on the importance of economic diplomacy as well as the effect of diplomacy. Chairman of the Federation of Korean Industries and Businesses Kim Jung-Kwan, Vice Chairman of the Korea International Trade Association, and Minister of Industry and Trade Joo Hyung-Hwan, Former Minister of Industry and Trade Choi Jae-Yoo, Deputy Minister of the Future Creation Sciences Department • Deputy Minister of the Ministry of Culture, Sports and Tourism, Eight officials from the relevant agencies will head back in one place.

The organizing committee explained that it was unusual for all concerned organizations to gather together and discuss cooperation.

As economic diplomatic officials gathered, it was also the case that the representatives of the SME representatives responded to the proposals of the SMEs in an instant, in addition to the performance and publicity. "We need a matching fund to support joint research and development with foreign companies." "We need to find out local best partners." "There is a need to lower non-tariff barriers in many regulated China." As soon as the minister came out, he recounted the point of the question and got the answer from the institutional officials.

Kim Jeong-kwan, vice chairman of the Korea International Trade Association, said, "Economic diplomacy not only led to the increase in the credibility and publicity of companies, but also widened the level of public and private communication." Economic organizations also supported economic diplomacy with governments and corporations. I will not spare you, "he said.

Lee Geun-pyeong reporter istandby4u@munhwa.com