Coex-organized Food Week Korea Attracts 92,000 Visitors
November 27, 2012
Korea’s food and beverage trade show, Food Week Korea, rounded off its seventh year running with record success when it ran a few weeks ago.
The Coex-organized exhibition welcomed 712 exhibiting companies, 1,800 booths and more than 92,000 visitors, including 600 from overseas, during the five days it ran Nov. 6-10.
Food Week Korea boasted a total of 10 food-themed sectors, including an International Hall, an Export Zone, a Café and Bakery, Machinery section, Premium Agricultural Products, Makgeoli expo and Seoul Cooking Show spread over a total of 36,000 square meters of exhibition space.
Since its launch in 2005, Food Week Korea has worked to continually build upon its international section, according to COEX organizers, and this year included the support of 134 overseas exhibitors from 32 countries around the globe.
There also was a noted increase in the scale of returning national pavilions and the number of individual exhibitors from Europe.
Food Week Korea 2012 welcomed global buyers and visitors from 61 different countries, with the total number of international visitors increasing by 33 percent, compared with 2011.
Food Week Korea 2012 also included specially formulated Embassy Pavilions for the first time, which provided opportunities for international Embassies in Korea to promote their respective country’s food industry and business.
This year, Argentina, Ukraine, Turkey and Finland took advantage of the chance to display a variety of food-related goods and culinary delights.
Qualified buyers at Food Week Korea 2012 participated in the Coex-run exclusive business match meeting program, meeting exhibitors in their field of interest and gaining a variety of sponsored accommodation, airfare, city tour, and entertainment benefits from the organizer.
One-on-one business matching sessions took place within a separate conference area in the international hall in order to facilitate negotiation and completion of contracts.
This biz-matching program is estimated to have resulted in up to US$500 million worth of transnational sales this year.
Next year’s show will be held Nov. 5-8.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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