Gangwon Province establishes bridgehead for entry into Vietnam for consumer goods and agricultural and marine products

Published Dec 11, 2024

Tridge summary

Gangwon Special Self-Governing Province is partnering with K&K Global Trading and the provincial economic promotion agency to expand their presence in the Vietnamese market. The partnership aims to diversify exports, reduce logistics costs, and increase export volumes for local companies. The province has struggled with finding buyers, obtaining product licenses, and distributing consumer goods and agricultural and marine products to Vietnam. K&K Global Trading, with its extensive distribution network and logistics center in Vietnam, will provide a one-stop solution for export and distribution. The province plans to promote local specialties and expect a reduction in logistics costs by cutting out middlemen profits.

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Original content

(Chuncheon=Yonhap News) Reporter Lee Sang-hak = Gangwon Special Self-Governing Province is establishing a bridgehead for expanding the Vietnamese market for consumer goods and agricultural and marine products in the province. According to Gangwon Province on the 11th, K&K Global Trading, which was selected as one of the top 100 brand companies in Vietnam, the provincial economic promotion agency, and Gangwon Export will sign a business agreement (MOU) in Vietnam on the 12th. Through this, the province aims to diversify exports, reduce logistics costs, and expand export volume for companies in the province. Up until now, the province has had many difficulties in finding buyers, obtaining product licenses, distribution, and promotion for exports of consumer goods and agricultural and marine products to Vietnam. However, through this business agreement, the province will be able to utilize the one-stop base from export to distribution of K&K Global Trading, which has 148 stores ...

Source: Yna