PRESS RELEASE
No.	PR/22-12	Date	Oct. 4, 2022
Contact	Program Inquiries: Lee Yeon-joo, Assistant Officer, TIU (02-2287-1126, yjlee@aseankorea.org)Press Inquiries: Kim Hyun-ji, Senior Officer, IDU (02-2287-1143, hjk@aseankorea.org)
ASEAN-Korea Centre is an International Organization mandated to promote economic and socio-cultural cooperation between ASEAN Member States and Korea.

ASEAN and Korean companies seek cooperation in automotive and transport industries

- ASEAN-Korea Centre to participate in the ‘2022 Korea Auto Industry & Global TransporTech Show’ (Oct. 5-7) -

- 12 companies from 6 ASEAN member states to showcase their products and hold online meetings -

Seoul, Korea - The ASEAN-Korea Centre (Secretary General Kim Hae-yong) will participate in the “2022 Korea Auto Industry & Global TransporTech Show (KOAA-GTT SHOW)” at KINTEX, Ilsan from October 5 to 7, 2022. As the biggest exhibition related to automotive and transport industries in Korea, the Show will be a chance for the 12 participating companies from 6 ASEAN member states (Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand) to showcase various items related to automotive and e-mobility industries. The companies will also seek partnership with Korean counterparts through 1:1 online business meeting during the Show.

Companies taking part in the exhibition, which include vehicle battery company from Indonesia; drone and robotics company from Malaysia; battery production company from Myanmar; electronics provider for vehicles from the Philippines; vehicle leasing and trading company from Singapore; and the Electric Vehicle Association of Thailand, will pursue diverse partnerships with Korean counterparts through the exhibition and meetings. According to a report released by McKinsey & Company in June 2022, production rate of electric vehicles (EV) in four Southeast Asian countries is expected to grow 57% by 2030 (Indonesia 94%, Malaysia 51%, Thailand 34%, Vietnam 51%), projecting a significant growth in the EV market.

Recognizing such potential in the automotive market, the Centre will actively participate in the exhibition and introduce ASEAN companies with potential as an effort to expand cooperation in innovative sectors and promote the positive prospects of ASEAN mobility sector to Korean public and investors. The Centre also hopes not only to strengthen cooperation and establish ASEAN-Korea partnership in the mobility sector, but also to provide networking opportunities for stakeholders and potential investors.