Namdo Market (CEO Seungwoo Yang), a wholesale and retail commerce platform based in Dongdaemun and Namdaemun, announced on September 16 that it signed a memorandum of understanding (MOU) with UK Charm Enterprises Ltd, a British corporation, for ‘K-wholesale global expansion cooperation.’
This agreement aims to expand the overseas market for Korean wholesale products. It combines Namdo Market's platform technology, wholesale market network, and logistics infrastructure with UK Charm Enterprises' local distribution network and marketing capabilities to jointly promote and sell K-wholesale products in global markets, including Western Europe.
Namdo Market is Korea's leading wholesale and retail commerce platform, serving approximately 10,000 wholesalers and 100,000 retailers, primarily in the Dongdaemun and Namdaemun wholesale markets. It offers a variety of services, including consolidated shipping, settlement, and direct transaction support. Recently, it has been focusing on expanding global partnerships to expand the overseas market for domestic wholesale products, including K-fashion.
UK Charm Enterprises, a member of the World Korean Trade Association (OKTA), contributes to the global expansion of Korean products through its network across various countries. Through this collaboration, both companies expect to accelerate the entry of K-fashion and K-lifestyle products into the European market.
Namdo Market CEO Yang Seung-woo said, “Through this agreement, we have laid the foundation for competitive wholesale products from Dongdaemun and Namdaemun markets to enter the Western European market,” and added, “We will continue to actively support small business owners in developing overseas markets through cooperation with our global network.”
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