• 2026.04.13 (Mon)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Industry

K-Platform Power: Olive Young and Musinsa to Spearhead Global Expansion for SMEs

Desk / Updated : 2026-04-13 09:09:54
  • -
  • +
  • Print


SEOUL — South Korea is accelerating its "K-Export" momentum by leveraging the global reach of its dominant retail platforms. On April 13, 2026, the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) held a joint strategic meeting at KOTRA’s headquarters in Seoul to launch a major initiative aimed at expanding the global footprint of K-consumer goods.

The government signed a strategic cooperation agreement with 13 leading retail and e-commerce companies to establish a "SME Export Highway." The selected participants include offline and integrated retail giants such as CJ Olive Young, Musinsa, E-mart, and Shinsegae Department Store, as well as specialized cross-border e-commerce platforms like Kurly, KTown4u, and Delivered Korea.

Bridging the Gap for Small Enterprises
While K-beauty, fashion, and food exports have surpassed the historic $10 billion annual mark, many small and medium-sized enterprises (SMEs) still struggle with the high barriers to entry. Lack of international logistics networks, insufficient marketing expertise, and the heavy financial burden of initial investments often stifle global ambitions.

By supporting these major retail platforms to settle in overseas markets, the government intends to create a "win-win" ecosystem. These platforms will serve as the primary gateway, introducing high-quality SME products to global consumers under a trusted retail umbrella.

Comprehensive Support Infrastructure
To ensure the success of this initiative, MOTIE and KOTRA will establish a dedicated matching fund. The support program is designed to be meticulous, covering every stage of the export process:

Strategic Consulting: Tailored advice for entering specific regional markets.
Local Marketing: Integration with major "Hallyu" (Korean Wave) expos and promotional events.
Product Development: Support for Private Brand (PB) development and localized branding.
Legal & Logistics: Assistance in obtaining local certifications, protecting intellectual property (IP), and providing international shipping solutions.

A New Era for K-Consumer Goods
"Many K-beauty brands possess incredible potential but are held back by the operational risks of going abroad alone," said an official from CJ Olive Young. "This infrastructure support from KOTRA and the Ministry will act as a vital catalyst in widening the export path for K-consumer goods."

Kang Kyung-sung, CEO of KOTRA, emphasized the timing of this move. "With global demand for K-consumer goods at an all-time high, this is the optimal moment to leap forward by exporting our retail networks themselves," Kang stated. "We will provide our full support to ensure that the co-prosperity model—where Korean distribution channels and SMEs grow together globally—becomes a permanent fixture in the international market."

As the "K-Beauty Expo Korea 2025" recently kicked off at KINTEX, showcasing a surge in foreign interest, this new government-led alliance marks a strategic shift from individual product exports to a systematic, platform-driven global expansion.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #nammidonganews
  • #singaporenewsk
  • #Samsung
  • #Daewoo
  • #Hyosung
  • #Apple
  • #korea
Desk
Desk

Popular articles

  • K-Beauty SMEs Join Forces with Distributors: A New Paradigm for Global Expansion through Strategic Consortiums

  • Samsung Completes Transition to 236-Layer 8th Gen V-NAND in Xi’an; 9th Gen Mass Production Slated for Late 2026

  • LG Energy Solution to Pivot Strategy: Boosting ESS and New Business Share to Mid-40% Range

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065571712040718 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • National Assembly Passes 26.2 Trillion Won 'Energy Crisis' Extra Budget; Up to 600,000 Won in Cash Relief
  • "Breaking Semiconductor Limits Through Immutable Laws of Physics," says Wonik IPS Advisor
  • South Korea Enters the Era of '100 AI Medical Devices Annually': Advancing into High-Complexity Clinical Fields
  • Lee Je-bok, CEO of Annashel: "Fostering 100 Century-Old Companies to Strengthen National Competitiveness"
  • Samsung Electro-Mechanics to Build New 'MLCC Embedded Substrate' Line in Vietnam to Lead AI Market
  • U.S. to Enforce Total Naval Blockade on Iran as Hormuz Tensions Reach Breaking Point

Most Viewed

1
Won-Dollar Exchange Rate Surges to 1,515 Range Amid Triple Whammy: War, Oil Prices, and Foreign Capital Outflow
2
From the Alps to Seoul: Life in the Heart of Europe
3
Egypt: The Rebirth of Wine’s Origins in an Ancient Civilization
4
Samsung Completes Transition to 236-Layer 8th Gen V-NAND in Xi’an; 9th Gen Mass Production Slated for Late 2026
5
Grandmaster Kangil Lee Restores Legal Status as Killeen Korean American Association President… A Signal for Innovation and Integrity in the Korean Community
광고문의
임시1
임시3
임시2

Hot Issue

National Assembly Passes 26.2 Trillion Won 'Energy Crisis' Extra Budget; Up to 600,000 Won in Cash Relief

South Korea Enters the Era of '100 AI Medical Devices Annually': Advancing into High-Complexity Clinical Fields

The "DuoBell": Breaking Through the Silence of Noise-Canceling Headphones

Medical Marvel or Warning? Sheep Botfly Pupa Found Developing Inside Human Nose

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers