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Korea Holds IR Session in Hong Kong
Date
2012.11.08
Views
893
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South Korea urged investors in Hong Kong Thursday to invest in Asia's fourth-largest economy by offering a variety of incentives.

South Korea's Ministry of Knowledge Economy opened a two-day national investor relations (IR) session in Hong Kong earlier in the day, designed to woo Hong Kong-based large-scale funds and other foreign capital.

South Korean officials, led by Knowledge Economy Deputy Minister Moon Jae-do, promised various incentives, and private business meetings will be held between the South Korean government delegation and Hong Kong investors, according to the ministry.

Hong Kong is South Korea's fourth-largest export market after China, the U.S. and Japan. South Korea is the seventh-largest export market for Hong Kong.

Bilateral trade between the two economies amounted to more than US$27 billion in 2011, up 12.7 percent from a year ago.

In line with growing intra-regional trade in Asia, Hong Kong's total exports to South Korea rose 14 percent to reach $7.9 billion last year. South Korea's exports to Hong Kong increased by 12.2 percent to $19.3 billion. Hong Kong suffered a trade deficit against South Korea amounting to over $11.4 billion.

The South Korean government held a similar session in Singapore earlier on Tuesday.

Source Text

 

Source: Yonhap News (Nov. 8, 2012)

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