The breakdown of the 2019 U.S.-North Korea summit following the Inter-Korean Summit in 2018 and the demolition of the Inter-Korean liaison office building in 2020 clearly show the complex and diverse aspects of peace surrounding the Korean Peninsula. Under these circumstances there are calls for a new approach to inter-Korean relations with exchange and cooperation and a paradigm shift. Therefore this study is about the process of preparing for the integration of the Korean Peninsula in the coming years and approaches with a new perspective of using exhibitions and conventions as a means of advancing now-deadlocked inter-Korean exchanges and cooperation. Specifically the role and potential of the exhibitions and conventions were reviewed as an axis of industrial cooperation and subject to exchange and cooperation leading to peace between the two Koreas. To this end the current status of exchange and cooperation regarding inter-Korean exhibitions and conventions was grasped and strategies and processes were comprehensively presented.In terms of the possibility of exchange and cooperation exhibitions and conventions are part of the tourism industry which is a high value-added service industry and has a great economic ripple effect and both Koreas have the necessity and practical benefits of exchange and cooperation. Theoretically the exhibitions and conventions are a socioeconomic area that is very likely to lead to exchange and cooperate because there is not a great possibility of political and military confrontation. From the standpoint of North Korea isolated by sanctions due to the North Korean nuclear issue exhibitions and conventions are window for exchange and cooperation with the world also new industry that can satisfy North Korea's needs for a means of acquiring foreign currency and introducing advanced technology from abroad. It is an area where not only human exchanges but also industrial and economic exchanges between the two Koreas can be achieved and many conditions for exchange and cooperation have already been established. Therefore research on exchange and cooperation with exhibitions and conventions is also a very necessary field at the present time of forming new inter-Korean relations.Exhibitions and conventions have proved their effectiveness as an important medium of exchange and cooperation that enabled continuous contact between East and West Germany even in the process of reunification. As a theoretical basis for understanding these phenomena of exchange and cooperation the unique nature of the exhibitions and conventions and examples of exchange and cooperation at the Leipzig Fair during the division of East and West Germany were identified. In addition in order to derive the phenomena and processes of exchange and cooperation the final results were drawn through expert interviews centered on the grounded theory research methodology and various secondary data analysis.The contents of the research that were attempted to be derived from such data collection began with the identification of obstacles and prerequisites for exchange and cooperation for inter-Korean exhibitions and conventions. Afterwards the current situation of inter-Korean exchange and cooperation regarding exhibitions and conventions and the actors and their roles to be pursued in the future were examined. As a result the expected effects of exchange and cooperation efforts by these actors were comprehensively reviewed. In other words I looked at the phenomena for exchange and cooperation between the North and South Korea regarding exhibitions & conventions and derived the process of the final exchange and cooperation.The paradigm model was formed by analyzing the relationship between concepts and categories and the process of change as a result of coding the data. The causal condition of the paradigm model is 「Inter-Korean Relations Deadlock and New Paradigm Demand」 the resulting central phenomenon is 「the Potential of Exchange and Cooperation and Increase of Expected Role of Exhibitions and Conventions」 and the contextual condition surrounding the central phenomenon is 「Initiating Opportunities for Inter-Korean Mutual Growth」 the intervening condition is 「the Inter-Korean Exhibitions and Conventions Dynamics Between Stakeholders」 the action and interaction strategy that can be said to be the roles of the stakeholders is 「Formation of Cooperative Governance of Inter-Korean Exhibitions and Conventions」 and the final consequence is 「Inter-Korean Exhibitions and Conventions Mutual Growth and Settlement of Peace on the Korean Peninsula」As a result of the study the inter-Korean exchange and cooperation in exhibition and convention is the most effective means to enable human and material exchanges in the nature of meetings and are events that can be implemented in a short period of time. Thus the co-organizing of the exhibitions and conventions brings positive results that deepen interdependence and understanding by increasing natural contacts and transactions among the people of the two Koreas. In addition through the process of coordinating and pushing forward various matters exchange and cooperation in exhibitions and conventions can adjust and alleviate the conflicts that exist between the two Koreas. As with the exchange and cooperation between East and West Germany in exhibitions and conventions the functions of conflict adjustment and mitigation will play an important role in restoring mutual trust between the two Koreas and spreading them to exchange and cooperation in other fields.As a result exchange and cooperation can be made easier and earlier than in other areas due to the nature of exhibitions and conventions. And synergy can be created in various forms including the establishment and operation of exhibition-convention centers and joint entry into overseas markets. Therefore exhibitions and conventions are the starting point for inter-Korean exchange and cooperation and serve as a catalyst for accelerating economic cooperation and innovative growth by promoting transactions and exchanges between companies. In addition it is the driving force for the North Korean economic growth which strengthens its self-sustaining power and ultimately contributes to coexistence and settlement of peace on the Korean Peninsula.Key WordsInter-Korean Exchange and Cooperation Exhibitions and ConventionsExchange and Cooperation Process North Korea Exhibitions and ConventionsMICE Industry Grounded Theory.