(SEOUL=Yonhap News) The Ministry of Trade, Industry and Energy revealed April 10 that it has dispatched an industry relations (IR) delegation of 20 businesses and related organizations to Japan.
Led by the Deputy Minister for Trade and Investment, the delegation is composed of representatives of conglomerates such as Hyundai Motor Group, POSCO, and Korea Electric Power Corporation (KEPCO), small and medium companies in autonomous vehicles, bio, and IT sectors, Korea Trade-Investment Promotion Agency (KOTRA), Korea Association of Robot Industry (KAR), Korea Automotive Technology Institute (KATECH), and local governments.
In Japan, the delegation is scheduled to meet with some 120 local companies, including potential investors in sectors related to the 4th industrial revolution such as Meiji Seika Pharma (bio), SoftBank (IT convergence), Denso (autonomous vehicle parts), Teijin (secondary batteries) and Yaskawa (robotics).
The delegation plans to actively promote the advantages of moving into Korea's key industrial complexes, Korean businesses currently up for M&A, as well as Korean companies hoping to invest in Japan.
eun@yna.co.kr
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Source: Yonhap News (Apr. 10, 2017)