Agency releases booklet to help firms’ profit overseas

In an effort to help domestic companies enter overseas markets, the Korea Trade-Investment Promotion Agency (Kotra) encompassed information from 31 major countries and compiled it into a booklet on Monday.

The “Guide to project deals and risk management in 31 countries” consists of information to effectively tackle project opportunities along with related competition, regulation and barriers in each country.

The listed countries, which include Iran, Indonesia, Vietnam and Qatar, were selected based on various figures such as the countries’ population, gross domestic product, political stability and past trade contract records.

“With the global economic slowdown and low oil prices, winning large projects from abroad has been comparatively difficult, but this is the time we should prepare for new opportunities in the overseas market, “ said Lee Taisik, an executive vice president of strategic marketing at Kotra.

According to the guidebook, Dubai may call for solar energy plant construction bids, while port and transportation infrastructure construction are potential business projects to be held in Jakarta, Indonesia.