On the 25th, the Ministry of Small and Medium Enterprises and Startups announced that it held the 'K-Security Solution Business Connect' in cooperation with the government of Paraguay to expand collaboration in the security equipment sector.
This event is a business exchange event in a video conferencing format, co-hosted by the Ministry of Small and Medium Enterprises and Startups, the Korean National Police Agency, and the Embassy of the Republic of Korea in Paraguay. It is a follow-up to the 'Memorandum of Understanding for Supporting Global Expansion of Small and Medium Enterprises' between the Ministry of Foreign Affairs and the Ministry of Small and Medium Enterprises and Startups, as well as the 'Memorandum of Understanding for Cooperation in the Security Industry' between the Korean National Police Agency and the Ministry of Small and Medium Enterprises and Startups.
At the meeting held the previous day, the Ministry of the Interior of Paraguay explained its procurement plans and demand items for 'modernizing public security infrastructure,' and nine domestic corporations presented their innovative technologies and equipment. Afterward, one-on-one consultations were conducted with companies designated by the Paraguayan side to explore collaboration opportunities.
In the Latin American region, investments in security infrastructure have recently been actively increasing. Because of this, it is evaluated as a pioneering market where the technology-centric export strategy of Korean small and medium enterprises can operate effectively.
The Ministry of Small and Medium Enterprises and Startups plans to seek strategic diversification of export items and entering regions, centering on Paraguay. The Korean National Police Agency also plans to support domestic corporations in entering the local market through customized technological cooperation tailored to the demands of Paraguay, leveraging this meeting.
Noh Yong-seok, head of the Small and Medium Enterprises Policy Office, said, 'We will strengthen collaboration with the Ministry of Foreign Affairs and the Korean National Police Agency to ensure that K-Security products do not stop at a one-time occurrence but spread throughout Latin America,' adding, 'We will establish support measures tailored to pioneering markets in connection with strategic items such as cosmetics.'