Orient Precision Selected for KOTRA Overseas Branch Project in Germany and India
Orient Precision, a specialized company in electrification components, is gearing up to enter Germany and India, which are key markets in the global automotive industry.
On September 14, Orient Precision announced that it has been selected as a beneficiary for the Germany and India regions under the Korea Trade-Investment Promotion Agency (KOTRA) Overseas Branch Development Project.
The KOTRA Overseas Branch Development Project supports domestic small and medium-sized enterprises (SMEs) and mid-sized companies that find it challenging to establish overseas branches or dispatch personnel. Through this program, KOTRA's overseas trade centers provide essential services such as local market research, identification of potential buyers, export consultations, and customer management to facilitate global expansion.
Leveraging this selection, Orient Precision plans to secure Germany and India—major markets in the global automotive sector—as strategic export bases while actively seeking local customers and expanding new order opportunities. Additionally, Orient Precision is broadening its global market reach by applying for the Overseas Branch Development Project in the United States and Japan.
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An Orient Precision official stated, "This selection under the Overseas Branch Development Project is a meaningful opportunity, not only for basic market research but also for discovering new overseas customers in Germany and India and reinforcing our export foundation. Following Germany and India, we will expand our sales network to other major markets such as the United States and Japan, diversify our customer base, and grow into a global electrification and electronic components company."
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