The export performance of companies participating in the export voucher project was found to be significantly higher than that of other companies.

The Ministry of Trade, Industry and Energy announced that the export growth rate of companies participating in export vouchers in 2022 recorded 120% compared to the previous year. This is much higher than the export growth rate of 6.3% for general small and medium-sized enterprises in the same year.

A representative example is the automobile parts company SAMSUNG TECH. This company supplied body and chassis parts to domestic automobile companies such as Hyundai Motors and Kia Motors, and attempted exports for the first time in 2018. In the early days of exporting, we experienced a lot of trial and error because we were not familiar with overseas sales.

Then, in 2021, we used export vouchers to develop our own brand and created a promotional video that emphasized the company's strength, robot automation facilities. Next, we participated in overseas exhibitions such as Washington, Frankfurt, Las Vegas, and Dubai to contact local buyers and understand global market demand.

As a result, the company was able to sign a contract to supply 860,000 Cybertrucks with Tesla, a global electric vehicle company, in June 2023. Samsung Tech is widening its export market by increasing the operating rate of existing production facilities to 120% and expanding new factories.

The company's exports increased every year from $3.36 million in 2021 to $3.87 million in 2022 and $4.36 million in 2023.

The case of Eltra Global, a company specializing in laser beauty medical devices, also stands out. This company's laser devices were vulnerable to external shocks, so they had to use expensive air transportation, but as airfares rose due to COVID-19, the burden of logistics costs increased.

To solve this problem, the company has been able to reduce the burden of logistics costs by using export vouchers from 2022, and thanks to this, it has succeeded in diversifying its export markets to Malaysia, Jordan, and India.

The company's exports rose vertically from $540,000 in 2021 to $1.08 million in 2022 and $1.14 million in 2023.

Unilok is a company that produces and exports semiconductor manufacturing process control devices and industrial high-performance valves.

The company will participate in export vouchers starting in 2022 and provide voucher services such as interpretation and translation services for about 10,000 different products, production of new product promotion catalogs, and international transportation for vendor registration and bidding participation by state-run companies in major oil-producing countries or global oil companies. It was used in various ways.

In addition, Unilok, which exported semiconductor valves to China, its main market, participated in 'Adipec', a major petrochemical exhibition in the Middle East, using export vouchers in 2022, and exported petrochemicals to the Middle East market with support from KOTRA Dubai Trade Center. We succeeded in exporting valves.

The company's exports increased from $10.92 million in 2021 to $18.64 million in 2022 and $18.9 million in 2023.

QuadMiner is a tech company in the ICT service field that is developing a network security solution (anti-hacking) and used export vouchers to enter the global market. In particular, we used vouchers to apply for and register domestic and international patents and produce product promotional videos (Japanese, English, etc.), which allowed us to enter new markets in Japan and Malaysia.

Through this, the company's exports increased tenfold in two years, from $8,500 in 2021 to $24,000 in 2022 and $85,000 in 2023.

Additionally, for aggressive overseas sales, in addition to the Tokyo corporation and Nagoya branch already in operation, we plan to prepare a Singapore corporation by utilizing Voucher's overseas corporation establishment consulting services.


Reporter Kim Young-chae weeklyctrade@kita.net
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