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Major businessesDefense Market Penetration Project

Defense Market Penetration Project

Comprehensive consulting support to small and medium-sized domestic companies which wish to proceed to the American defense/security market through consulting firm specializing in defense industry

Period

This year September ~ Next year August (business based on one year)

Supported companies
  • 2~3 companies in the field of defense and security (small and medium sized companies support in the higher priority)
  • Companies that are likely to win contracts will be chosen after a marketability assessment

Supported by

US consulting companies(selected each year at the Trade Center), Washington Trade Center, Defense Center

기관명, 업무분장으로 구성된 테이블
Name of organization Business establishment
US consulting companies Investigate procurement markets, establish advance strategies, explore potential partners, obtain and share bidding information, support vendor registration, and build networks
Washington KBC(Korean Business Centers) Selects and contracts with US consulting companies, bridges building between US consulting company and domestic company, monthly reports results to KODITS, executes local marketing and supports export (Jisahwa; Overseas branch office project), executes project cost and adjustment
KODITS Plans project, recruits, advertises domestic companies and executs project cost and adjustment

Participation request guide

Qualifications

  • Exporters of products subject to defense and security or offset trade among small and medium enterprises in Korea
  • Companies that can participate in the branching project of the Washington Trade Center (subjected or scheduled to join)

    * When participating in this project, a separate application for Jisahwa(overseas branch office project is required

Application period

Will be notified separately

Application method

  • Fill out the application form (in Korean/English) in the application notice and send it by email to the person in charge

    * An English application form is mandatory for evaluation of US consulting companies

  • Apply for Jisahwa(overseas brnach office project) (Participation requesting period will be notified separately. Application in advance is prohibited )

    Homepage address : www.exportvoucher.com

Project participation fee

Total of 4.5 million KRW (subject to change each year)

  • Company support project : Approximately 1.5 million KRW (VAT included)

    * This is an estimate. The final participation fee will be calculated and notified later

    * 5% of the consulting fee for each company + VAT 10%

  • Branching project : 3 million KRW (VAT included)

Selection standard

구분, 평가항목으로 구성된 테이블
Category Evaluated items
Project management Data preparation and overseas marketing experience, willingness and interest in project participation and experiences in participation of KOTRA's projects
Procurement feasibility Marketability for entering the US defense market, entry barrier and product differentiation
General Financial structure (liability/liquidity ratio), export performance (foreign/U.S.) and presence of people in charge of overseas business