Gumi City Partners with Thai SME Promotion Agency for Secondary Battery Cooperation

Supporting Gumi’s Secondary Battery Materials and Equipment Companies Entering Thailand
Expanding Bilateral Investment and Technology Exchange

Gumi City in North Gyeongsang Province is joining forces with a Thai government agency dedicated to supporting small and medium-sized enterprises (SMEs) to expand global cooperation in the secondary battery industry.

From the second on the left, Junseop Kim, CEO of PNT, Joungho Kim, Mayor of Gumi, Panita Chinnawat, Acting Director of the Thailand Small and Medium Enterprise Development Agency
[Photo by Gumi City]

On October 2, Gumi City announced that it signed a Letter of Intent (LOI) with Thailand’s Office of Small and Medium Enterprises Promotion (OSMEP) at City Hall to strengthen economic cooperation in the secondary battery sector.

The signing ceremony was attended by Gumi Mayor Joungho Kim and Panita Chinnawat, Acting Director of OSMEP in Thailand, among others.

Both sides agreed to support the entry of Gumi’s secondary battery materials, parts, and equipment companies into the Thai market, as well as to help expand local investments and sales channels. They also pledged to promote Thai companies’ investments in Gumi and to facilitate their entry into Gumi’s industrial complexes. Further, both parties plan to boost investment, technology, and workforce exchanges between companies.

As Thailand is fostering the electric vehicle and secondary battery industries as key drivers of future growth, this agreement is expected to serve as a new bridgehead for Gumi-based secondary battery companies seeking to enter the Southeast Asian market.

Mayor Joungho Kim stated, “This cooperation marks the starting point for Gumi’s secondary battery industry to expand from the domestic market into the global arena,” adding, “We will actively support local companies’ overseas expansion and attract Thai investment into Gumi.”

This initiative is significant as it represents a ‘two-way global industrial cooperation’ aimed at both expanding overseas sales channels for Gumi’s secondary battery companies and attracting Thai companies to invest in the region.

This content was produced with the assistance of AI translation services.