Invest KOREA

According to Yonhap News,

(SEOUL=Yonhap News) Henkel, a German industrial adhesive manufacturer, gave a presentation on its cooperation model to 56 Korean companies, universities and research institutes on July 2 at the Conrad Seoul as part of the Global Alliance Project Series (GAPS), according to the Korea Trade-Investment Promotion Agency (KOTRA).

GAPS is a project that aims to share the capital, know-how and marketing channels of global companies and the technology and human resources of Korean small- and medium-sized enterprises (SMEs), universities and research institutes to build mutual cooperation and enhance competitiveness.

According to its cooperation model, Henkel will capitalize on its venture capitals to invest in Korean SMEs to build a research center for joint research and development activities.

KOTRA provided participants with details on the GAPS program and ways to write an effective cooperation proposal. It also held an investor relations session with companies to attract investment from Henkel.

"It would be an opportunity for Korean hidden giants that have top-level adhesive technology to grow together with Henkel," said Gregg Rossier, CEO of Henkel Korea.

"The industrial adhesives are crucial for reducing the weight and size of displays, semiconductors and automobiles. Therefore, technology exchange between Henkel and the Korean companies will increase the competitiveness of our core export products," said Kiwon Han, the Head of Invest Korea, the investment promotion arm of KOTRA.

Please contact KOTRA’s Manufacturing Industry Investment Promotion Team (tel: 02-3460-7619) for more information.

joon@yna.co.kr

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