Business · Trade · 8 hrs ago
Seven Ulsan firms hold $51.11 million in export talks in Malaysia and India
A seven-company Ulsan shipbuilding delegation visited Kuala Lumpur, Malaysia, and Chennai, India, from October 26 to 30.
The firms work in areas including eco-friendly ships, marine equipment, ship engines and engineering.
In Malaysia, they discussed supplying equipment and working with local companies, including a naval shipyard.
In India, they presented their products and technology to shipyards, marine project buyers and importers.
The delegation held 116 export consultations worth $51.11 million, but these talks do not mean contracts have been signed.
Indian buyers also signed four letters of intent for areas including ship design and construction, creating a possible path to future exports.
Ulsan city plans to support follow-up talks between the firms and local buyers and continue helping the companies pursue overseas markets.
Seven Ulsan shipbuilding and marine companies held export talks in Malaysia and India from October 26 to 30.
The talks covered 116 cases with a total value of $51.11 million.
The companies discussed equipment supply and business cooperation with local firms in Malaysia, including LUNAS.
In India, they presented products and technology to shipyards, offshore equipment buyers and importers.
They also signed four letters of intent with Indian buyers for areas including ship design and construction.
- Who
- Seven Ulsan companies in shipbuilding and marine industries took part in the trade mission.
- What
- They held 116 export consultations valued at $51.11 million and signed four letters of intent with Indian buyers.
- When
- October 26–30; the results were announced on November 10, 2026.
- Where
- Kuala Lumpur, Malaysia, and Chennai, India.
- Why
- To explore local market opportunities and build the basis for increased exports.
This story does not have two clearly opposing sides.
The Ulsan trade mission visited Kuala Lumpur and Chennai for export consultations.
Ulsan City announced the mission’s results.
- Participating companies
- 7
- Consultations
- 116
- Consultation value
- $51.11 million
- Mission locations
- Kuala Lumpur, Malaysia; Chennai, India
- Letters of intent
- 4, signed with Indian buyers