Rising from obscurity 25 years ago, Korean electronics companies have come to own a significant share of the world electronics market today. SMEs play an important role in Korean Economy. According to business statistics, SMEs take up ninety-nine percent of number of enterprises, eighty-eight percent of total employment, thirty-eight percent of export, and fifty-one percent of added value.
The brainchild of Al Hermas Group Korea, “AHGK is to focus on redefining access to Korean SME consumer products online across MEA which is a sizeable market with unimaginable potential.” says Mr. Keunyoung Kim, Chairman of AHGK.
"At a recent official signing ceremony at KOTRA HQ in Seoul on 29thNovember2017, a consortium was formed between AHGK, ICODA and Yo!Space, to crystalize plans on setting up a single gateway of Korean consumer products with a prime focus on MEA and the adjoining sub-continent. This is a moment in history to be proud of and associated with as a Korean said Mr Yong Su Lee, President and CEO of ICODA.
“South Korean exports surged 35 percent on year in September 2017 to an all-time monthly high of $55.1 billion thanks to strong demand for electronic components, steel and petrochemical products amid recovery in global economy. Now is the time to ride this wave.” says Rohan F. Britto, Co-Founder of Yo!Space International, the company responsible for bringing to fruition the vision of AHGK.
Mr. Keunyoung Kim, Chairman of AHGK says, “We believe bolstering exports by Korean SMEs is also crucial to overcome rising global protectionism and ease the tightened local labor market especially producers of cosmetics and other consumer goods, may find greater opportunities for increasing sales abroad through global online markets, which are projected to expand from $304 billion in 2015 to $1 trillion by 2020.”
Trade Ministry officials have predicted the country’s exports will rise 2.9 percent this year, following two consecutive years of decline on the back of a recovery in advanced economies and big emerging markets around the world.
“The advantage we see here is that decision-making by SMEs is likely to give them advantages in online deals. However, many small and midsized firms still face various obstacles to increasing exports through online markets, as they are not sufficiently prepared for marketing, delivery and after-sales service. This is where Yo!Space connects the dots to make this a truly unique online market-place, redefining access to Korean consumer products online,” says Deleep Paliyath, Co-Founder of Yo!Space International.
© Press Release 2017
The brainchild of Al Hermas Group Korea, “AHGK is to focus on redefining access to Korean SME consumer products online across MEA which is a sizeable market with unimaginable potential.” says Mr. Keunyoung Kim, Chairman of AHGK.
"At a recent official signing ceremony at KOTRA HQ in Seoul on 29thNovember2017, a consortium was formed between AHGK, ICODA and Yo!Space, to crystalize plans on setting up a single gateway of Korean consumer products with a prime focus on MEA and the adjoining sub-continent. This is a moment in history to be proud of and associated with as a Korean said Mr Yong Su Lee, President and CEO of ICODA.
“South Korean exports surged 35 percent on year in September 2017 to an all-time monthly high of $55.1 billion thanks to strong demand for electronic components, steel and petrochemical products amid recovery in global economy. Now is the time to ride this wave.” says Rohan F. Britto, Co-Founder of Yo!Space International, the company responsible for bringing to fruition the vision of AHGK.
Mr. Keunyoung Kim, Chairman of AHGK says, “We believe bolstering exports by Korean SMEs is also crucial to overcome rising global protectionism and ease the tightened local labor market especially producers of cosmetics and other consumer goods, may find greater opportunities for increasing sales abroad through global online markets, which are projected to expand from $304 billion in 2015 to $1 trillion by 2020.”
Trade Ministry officials have predicted the country’s exports will rise 2.9 percent this year, following two consecutive years of decline on the back of a recovery in advanced economies and big emerging markets around the world.
“The advantage we see here is that decision-making by SMEs is likely to give them advantages in online deals. However, many small and midsized firms still face various obstacles to increasing exports through online markets, as they are not sufficiently prepared for marketing, delivery and after-sales service. This is where Yo!Space connects the dots to make this a truly unique online market-place, redefining access to Korean consumer products online,” says Deleep Paliyath, Co-Founder of Yo!Space International.
© Press Release 2017
