Korean Companies’ Ceaseless Efforts to PromoteAdvanced Export Items

Korea’s exports decreased for seven consecutive months until April this year in the aftermath of the prolonged economic slump in the semiconductor sector, which produces the nation’s main export product.
Exports of automobiles also increased in April, but failed to make up for the slump in semiconductors, petrochemicals, and displays.
The Ministry of Trade, Industry and Energy (MOTIE) recently announced that the total amount of Korea’s exports in April was calculated at US$49.62 billion, which was a 14.2% decrease from April 2022.

As a result, the monthly export volume decreased from the same period last year for seven consecutive months from October 2022. In addition, the export scale in April was down from March 2023 ($55.1 billion).
Amidst this overall situation, Korean exporters are continuously making earnest efforts, including releasing new advanced items, to access new potential markets and thereby elevate their global brand awareness.
LS Mtron Co., Ltd., a global company specializing in injection molding machines, recently launched its new WIZ-VR II series. The WIZ-VR II series shortens process time and improves productivity by simultaneously executing product take-out and insertion processes in the injection process.
Hyundai Wia recently completed the development of a coolant hub module, one of the thermal management systems for electric vehicles, and started production. The production scale is up to 210,000 units per year at Hyundai Wia’s Changwon Plant 1 located in Changwon, Gyeongsangnam-do. According to Hyundai Wia, this coolant hub module is installed in Kia’s EV9 and Hyundai Motor’s all-new Kona Electric.

SJE Corporation Ltd. has continuously upgraded its high-pressure steam washers that can clean floors, walls, machinery, and equipment of food factories using high-temperature steam, and thus maintain a clean environment. This product is effective for food safety, as it can clean contaminants and sterilize at the same time by spraying high-temperature, powerful steam without using chemicals.

 
 
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