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BNI increases exports to South Korea

Written by  Rahma
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PT Bank Negara Indonesia -BNI increased exports to South Korea through the 2022 Imported Goods Fair (IGF) exhibition, which was held by the Korea Importers Association (KOIMA) at Coex Seoul, South Korea from 23 to 25 June 2022. Indonesian Ambassador to South Korea, Gandi Sulistiyanto said that in this activity, the Indonesian Pavilion brought 19 micro, small and medium business partners - MSME, assisted by BNI and five food and beverage business actors to promote superior products. These products include furniture, wooden decorations, silver jewelry, pearls, cosmetics, coffee, and food products.

Ambassador Gandi in an official statement in Jakarta, Sunday (10/7) explained that this activity was very positive to support the sustainability of domestic MSMEs.

In the event, several potential orders for food and beverage products were successfully recorded, with transactions worth up to U$546 thousand dollars, and this could still increase because several business actors are still communicating and in the negotiation stage with potential buyers.

In an event supported by BNI, the Ministry of Trade, and the Indonesian Embassy in Seoul, six entrepreneurs conducted online business matching with South Korean importers; one of which is the largest retail company in South Korea.

In this activity, a memorandum of understanding was also signed between BNI and KOIMA which was carried out by BNI's Director of Consumer Business, Corina Leyla Karnalies and KOIMA's Executive Vice Chairperson, Kim Young-Sun.

This Memorandum of Understanding includes cooperation in business matching programs and information exchange related to Indonesian exporters and South Korean importers.

Corina said that South Korea has a large market potential for Indonesian MSMEs’ products, considering that 82 percent of South Koreans live in urban areas and have a longer life expectancy.

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