Almost a decade after the global financial crisis, the global
economy has entered an era of the “new normal”, characterized by prolonged slow growth.
Rising protectionism is
shifting the international trade order. As the Fourth Industrial
Revolution unfolds, hyperconnectivity and smart technologies are expected to
bring about fundamental changes to our world.
To put it simply, nothing is certain except uncertainty. But
in order to spur growth during such uncertain times, countries and
companies can opt to create a cooperative ecosystem where multiple stakeholders coexist in harmony.
Since 2014, KOTRA’s Economic Diplomacy Support
Center has enhanced cooperation among the Korean
government, organizations, companies and their foreign counterparts
through economic diplomacy in the form of trade and investment,
knowledge sharing, official development assistance (ODA), and corporate social
responsibility (CSR) activities. By facilitating collaboration between the public and
private sectors, the center has played a key role in providing customized support that
caters to the needs of each partner country.
Over the last several years, the center has produced many success stories.
Building on such accomplishments, it will continue to strengthen close ties among governments,
organizations and businesses in line with the UN Sustainable Development Goals.
Coexistence, as opposed to competition, is the key to sustainable growth.
Instead of solely focusing on trade, convergence is essential among trade and investment,
development cooperation and CSR activities. To this end, strategic public-private collaboration
is a must and KOTRA will work hard to achieve this goal.
Executive Vice President for Business Information & Trade/KOTRA