Jeong Changrim, Director General of the Ministry of Science and ICT (fourth from the left in the front row), and Sabinder Singh, Deputy Secretary-General of the ASEAN Secretariat (sixth from the left), take a commemorative photo at the Korea-ASEAN Digital Business Partnership event. /Courtesy of Ministry of Science and ICT

The Ministry of Science and ICT announced on the 11th that the 민관합동 디지털 수출개척단 activities have started. The export development team will support domestic AI and digital corporations in entering the ASEAN market, starting in Indonesia. A total of 30 domestic digital corporations are participating in the export development team.

A representative from the Ministry of Science and ICT noted, "ASEAN is a major economic partner for Korea, being the second-largest trading partner, consisting of 10 countries in Southeast Asia." They added, "Indonesia, our first destination, is rapidly growing as a global production hub and is emerging as a strategic base country for ASEAN entry due to the increasing demand for digital infrastructure."

The export development team began its first schedule in Jakarta, the capital of Indonesia, on the 10th. Jeong Chang-lim, head of the National Radio Research Institute of the Ministry of Science and ICT, and Park Yun-kyu, head of the Information and Communication Industry Promotion Agency, held discussions with Sabinder Singh, deputy secretary-general for economic affairs of the ASEAN Secretariat. Both sides agreed to strengthen cooperation in the AI and digital sectors and expand private exchanges through the smooth promotion of Korea-ASEAN cooperation projects for mutual development.

An event called the "Korea-ASEAN Digital Business Partnership" aimed at establishing cooperative relationships between digital corporations of the two countries was also held. Thirty promising domestic corporations showcased new services and technologies in various fields using AI and digital technologies, operating exhibition booths and conducting business consultations with key local buyers. International organizations, including the ASEAN Secretariat and the Indonesian Ministry of Communication and Information, attended the event. Local government officials and representatives from over 70 corporations also attended to explore Korea's AI and digital capabilities.

Through this event, a total of 35 export contracts and memorandums of understanding (MoUs) were signed. The results of export consultations also amounted to approximately $260 million (about 357.4 billion won).

Tripbtoz achieved a contract worth $4 million to provide online travel one-stop services to the largest hotel chain in Southeast Asia. A representative from the Ministry of Science and ICT stated, "The contract supporting Exlog's no-branch banking project in Indonesia and the contract for the e-book platform used by the Indonesian government from Arasoft represent important steps showing growth potential in the Southeast Asian market," adding, "These achievements are evaluated as a stepping stone for future global expansion."

In addition, several MoUs were signed with local corporations for initiatives such as smart city construction by Gaon Platform, joint business development in manufacturing processes by Codevision, clinical trials utilizing data by Mediiplus, and the establishment of security networks by NSHC.

Jeong Chang-lim, head of the National Radio Research Institute of the Ministry of Science and ICT, stated, "Through the activities of the 민·관 합동 디지털 수출개척단 in Indonesia, we confirmed the local high interest in our AI and digital innovation corporations and the potential for export expansion," adding, "We will continue to support the overseas market development activities of our ICT corporations systematically, ensuring these activities lead to export results."