Invest KOREA

KOTRA held 'Overseas Expansion Strategies Forum"...Introducing M&A Expansion Strategies and Opportunities

KOTRA (President Yu Jeonug-yeol) held an "Overseas Expansion Strategy Forum" in the conference room of BEXCO's 2nd exhibition hall in Busan on November 8.

This event was held in conjunction with Invest Korea Summit 2023, a leading "National IR Event". It is meaningful in that this is the first overseas expansion strategy forum to be held in Busan, the city in the front line of nationwide efforts to attract 2030 World Expo. More than 150 Korean business people filled the venue, and in particular, Busan-based companies showed a great interest in overseas expansion.

In the first session of the forum, foreign government officials in charge of each country's investment promotion in Korea -including Jay Biggs, Deputy Senior Commercial Officer U.S. Embassy Seoul, and Nishi Kant Singh, a Deputy Ambassador to the Indian Embassy in Seoul- presented "Investment and expansion strategies in four key countries, including the U.S., Poland, India and Vietnam, in response to the rapidly changing supply chain restructuring."

In the second session, Citi Bank Korea announced financing strategies related to overseas investment under the challenging financing conditions caused by exchange rates and high interest rates. In addition, KOTRA introduced about 60 M&A opportunities in various industries discovered through its overseas networks. Included are 35 in high-tech sectors such as electric vehicles and batteries, 15 in marginal companies, and 10 in promising assets.

In the afternoon, companies who applied in advance were engaged in one-on-one consultations, in which in-depth information on investment opportunities and M&A sales in countries of their interest were provided.

Park Deok-yeol, an investment policy officer at the Ministry of Trade, Industry and Energy (MOTIE), said in a welcoming speech that "Korean company's overseas expansion contributes greatly to the national economy by expanding the market, improving the current account balance, and securing key resources," stressing that "Korea has continued to expand its presence in the global market, by reaching a record-high in both inbound and outbound FDI in last year."

"In addition to attracting investment, successful overseas investment by Korean companies is becoming more important in order for the Korean economy to take another leap forward into an advanced economic structure," said Kim Tae-hyung, Commissioner of Invest KOREA. He added that "This forum was designed to support the successful bid to host the 2030 World Expo in Busan and overseas expansion of Korean companies".


Source: Invest KOREA (2023.11.08.)