Ministry of Trade, Industry and Energy to Fully Cultivate 500 Export Stars

Cultivating 500 promising export companies with exports exceeding $10 million by 2030 Responsible support for marketing, certification, finance, and R&D

Diplomacy Journal shJung | The Ministry of Trade, Industry and Energy announced that it will begin recruiting companies for the K-Export Star 500 project on the 16th of this month, aiming to foster 500 star companies with exports exceeding $10 million, the backbone of Korea's exports. Recently, South Korea's exports have surpassed $700 billion for the first time, demonstrating quantitative growth. However, 84% of exports are concentrated in the top 1% of companies, highlighting the urgent need to improve the export structure through systematic fostering of small and medium-sized enterprises (S