Thailand and South Korea collaborate to develop SMEs

Thailand and South Korea collaborate to develop SMEs

BANGKOK, 4 April 2017 (NNT) - The Ministry of Industry and South Korea’s government agencies have signed two agreements to mutually develop their SME sectors. 

The first agreement was signed by the Thai Department of Industrial Promotion and the Small and Medium Business Administration (SMBA). They will set up a joint committee to develop measures to promote and exchange trade, investment and technology between Thai and South Korean SMEs with a focus on supporting and facilitating South Korean SMEs to participate in Thailand’s Eastern Economic Corridor. 

The second agreement was signed by the Thai Office of SMEs Promotion and the SMBA to establish a center on technology exchange between the two countries. This agreement is aimed at promoting transfer of technology from South Korea through joint venture or business matching with a focus on the S-Curve industry, SMEs with a high growth rate and smart farmers. The SMBA will send specialists to analyse Thai SME’s technological needs before business matching takes place in November this year.

 

-- nnt 2017-04-04