This year, the company assisted Green Whale Global in signing a USD 3.8 million supply contract with Vietnamese companies
The company dispatched market development teams to Poland and Dubai to help SMEs establish overseas sales channels
POSCO INTERNATIONAL (CEO Lee Kye-In) is creating a success story of win-win management by helping Korean small and medium-sized enterprises (SMEs) and venture companies expand internationally.
The company is not only funding these companies but also supporting them by facilitating export contracts with overseas buyers through its global network and infrastructure.
A significant success this year is the support provided to ‘Green Whale Global,’ a startup that produces and sells bio-biodegradable plastic resin made from cassava starch, in its export efforts.
Last year, POSCO INTERNATIONAL utilized the Mutual Cooperation Funds* to assist Green Whale Global in introducing production facilities, significantly enhancing the company’s productivity.
*The Mutual Cooperation Funds consist of private contributions from domestic corporations to the Korea Foundation for Cooperation of Large & Small Business, Rural Affairs (KOFCA), aimed at fostering mutual growth and collaboration. POSCO INTERNATIONAL uses these funds to support SMEs and venture companies for their ▶technology development and R&D, ▶investment in facilities for enhanced productivity, and ▶discovery of sales channels to overseas markets.
Additionally, beyond providing financial support, POSCO INTERNATIONAL helped Green Whale Global conduct 26 B2B meetings with overseas buyers and sign 4 business agreements this year in countries such as Vietnam, Canada, Malaysia, and more.
As the result, Green Whale Global could secure contracts with two buyers, including the Vietnamese bioplastic manufacturer BIOSTARCH, for the supply of bioplastic raw materials valued at a total of USD 3.8 million (worth approximately KRW 5 billion).
POSCO INTERNATIONAL’s commitment to supporting the growth of SMEs and venture companies is creating success stories and establishing a successful model of win-win management.
The company’s initiatives to help SMEs and venture companies find sales channels to overseas markets are conducted annually across all kinds of countries in collaboration with leading domestic and international organizations.
Recently, in partnership with the Korea Environmental Industry Association, the company participated in the ‘Water, Energy, Technology and Environment Exhibition (WETEX),’ the largest sustainability and clean energy technology exhibition in the Middle East, which took place in Dubai, UAE, from October 1st to 3rd, helping ten eco-friendly SMEs showcase their products.
In September, the company sent its trade delegation comprising nine companies, including Reset Company (which produces unmanned cleaning robots for solar panels) and Starstech (which produces an eco-friendly snow removal agent), to Poland to facilitate personalized consultations with local buyers.
Additionally, POSCO INTERNATIONAL’s Warsaw office, in collaboration with ‘EPiT,’ a manufacturer of filter bags for dust collection systems, visited a local waste battery processing company to evaluate the current situation, and discussed plans to promote technology demonstration through the initial supply of 168 filter bags, utilizing the company’s credibility and sales expertise accumulated in the region.
In July, POSCO INTERNATIONAL received the Commendation from the Minister of Trade, Industry and Energy (MOTIE) Award in the large company category for its achievements in generating national benefits through international expansion and supporting SMEs and venture companies in their global endeavors.
“The experience of collaborating with SMEs and venture companies engaged in various environmental businesses will lay the groundwork for our future expansion into eco-friendly and low-carbon-related sectors,” said Heo Sung-Hyung, Director of Sustainability Management Office at POSCO INTERNATIONAL. “We will continue our win-win cooperation activities in line with POSCO Group’s seven strategic areas and ESG management principles.”