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Title: GEPT - leading exhibition for electric and energy industries in Korea.
Summary:
The ‘Global Electric Power Tech’ is a top leading exhibition for electric and energy industries in Korea. This exhibition is visited by 30,000 professional decision makers, related associations, public electronic companies and the professional from the electrical design, construction, inspection, safety supervision, and maintenance sectors.
Company/Industry Name: SeoulMesse, Korea
Auother Name: Ms. Jane Kang

The ‘Global Electric Power Tech’ is a top leading exhibition for electric and energy industries in Korea. This exhibition is visited by 30,000 professional decision makers, related associations, public electronic companies and the professional from the electrical design, construction, inspection, safety supervision, and maintenance sectors.

 

‘Global Electric Power Tech’ is held on May 30 to June 1, 2018 at COEX in South Korea and organized by Korea Electric Engineers Association, a premier electric power show in Korea where many delegates and related person from major electric power company visits.

 

In Korea, most of the orders for electric power infrastructure are placed by 6 major power company and KEPCO (Korea Electric Power Corporation), and our show provides an opportunity to meet all these major businesses. Various indicators about Industrial scenario, Electrical Market growth and Imports into Korea show excellent signs for overseas businessmen to look into Korean Market.

 

(1)  Industrial Position

Domestic market is slowly growing with completion of constructing electrical infrastructures, economic recession in construction industry, and small growth in electrical power demand. Number of businesses is slightly increasing since 2010 but the growth rate is not very high. Domestic demand is showing stagnation due to economic recession in housing construction and shipbuilding, decrease in transmission equipment supply from Korean Electric Power Corporation(KEPCO). Despite the weak domestic demand, the entire amount of production is maintaining the average level with steady increase in export volume. The number of employees in electrical industry is over 0.1 million as of 2012 and is increasing with annual average rate of 3.2%. However, with industrial characteristics of small orders, the number of employees per company is not very big.


 

(2)  Industrial Trend

The entire scale of market in electrical equipment industry is increasing with annual average rate of 0.4% since 2011, showing a stable condition and the size of the market is at 51 trillion won by the end of 2016. With the amount of production at 39 trillion won, amount of export 1103.8 million USD, and amount of import 1045 million USD, the market is showing around 600 million USD trade surplus. After 2011, the amount of export increased up to annual average of 12.1%, amount of import up to 6.0% and percentage of export and import has overtaken 30% respectively.

 

 


(3)  Import Trend

The amount of import on electrical equipment shows 10.450 million USD as of the end of 2016 which also shows increase with annual average of 6.0% each year since 2011. By main items, while import rate on industrial electric equipment is large, the increase rate is slowing down and import demand on power equipment and electricity parts is on steady increase. By regions, Asia region takes 67% of the entire income and rate of dependence on imports from Europe and North America is tending to increase.

 

 

Our exhibition’s category is divided into 5 sections; Electric Power Facility Tech, Smart Grid Tech, Electric Power Generation Plant Tech, LED Light Tech and Special Pavilion for New Excellent Product & Technology.

 

During exhibition, ‘International Energy New Biz & ESS Exhibition, ’Overseas Buyer business meeting’ and ‘NET&NEP Public Procurement Consultation’ is held at the same time. Overseas buyer business meeting inviting about 50 companies who is ordering organization of power generation facilities & equipment and buyer from more than 40 countries. And it is going to be applied to domestic electric & electric power companies including exhibitors. We can arrange ‘Overseas buyer business meeting’ for buyers from major companies and public enterprise of other countries’ electric power industry. ‘Overseas buyer business meeting’ will be organized by Korea Trade-Investment Promotion Agency(KOTRA), who runs 4 branch offices in India.

 

We made a big success in 2017 with 388 exhibitors, 32,345 visitors from 27 countries came to our show. It is an important platform to meet every single professional of the industry and create new valuable network for your business.

 

Exhibit to expand the quality and quantity of your business in Korea!

 

           For floor plan, prices, space booking and other information, please contact:

 

Jane Kang, Assistant Manager

Rm 802, FORHU, 58 Wangsimni-ro, Seongdong-gu, Seoul, 04778, Korea

T +82-2-2284-0023 | jane@seoulmesse.com| www.seoulmesse.com



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