Korea Power Exchange, KOTRA Boost Overseas Expansion
The Korea Power Exchange signed a 'Business Agreement for Supporting the Overseas Expansion of Power and Energy Companies' with the Korea Trade-Investment Promotion Agency (KOTRA) at the KOTRA headquarters in Seoul on Nov. 2.This cooperation was promoted to respond to the situation where the global
On November 2, the Korea Power Exchange and the Korea Trade-Investment Promotion Agency (KOTRA) inked a Business Agreement aimed at bolstering the overseas reach of power and energy companies. The partnership was sparked by the soaring global power equipment market, driven by the proliferation of AI-driven data centers. The two entities will exchange sector-specific overseas market insights and jointly identify promising countries for expansion.
They also intend to identify top-notch SMEs and mid-sized firms to aid their joint overseas endeavors, establishing a consistent communication channel for ongoing collaborative tasks. The Korea Power Exchange plans to give special attention to Honam region's small and medium-sized power and energy companies. Moreover, it aims to promote a joint export model, incorporating the localized Korean Energy Management System (K-EMS) in collaboration with KOTRA's overseas trade centers.
The initial practical step of this partnership will commence in Southeast Asia. To this end, the two organizations agreed to dispatch a Laos Power Equipment Trade Mission in November 9-11, 2026. The mission, comprising SMEs from power equipment and solutions sectors, will attend a seminar on local market entry strategies and engage in one-on-one export consultations with approximately 30 local institutions and buyers in Laos.
Kim Sung-jin, Chairman of the Korea Power Exchange, highlighted that through this collaboration with KOTRA, which boasts a global organizational network, they aim to assist their power and energy companies, as well as the K-EMS, in expanding overseas and strive to broaden export pathways, particularly for companies in the Honam region.
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