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BUSINESS DELEGATION
ATTRACTS INVESTMENT
FROM JAPAN
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On April 10, the Ministry of Trade,
Industry and Energy (MOTIE) and the
Korea Trade-Investment Promotion
Agency (KOTRA) dispatched an investor
relations (IR) delegation of 20 businesses
and related organizations to Japan.
Led by the Deputy Minister for Trade
and Investment, the delegation was 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 Association of
Robot Industry (KAR), Korea Automotive
Technology Institute
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(KATECH) and local governments.
In Japan, the delegation met with some
120 local companies, including potential
investors in sectors related to the Fourth
Industrial Revolution such as Meiji Seika
Pharma (biopharmaceuticals), SoftBank
(IT convergence), Denso (autonomous
vehicle parts), Teijin (secondary batteries)
and Yaskawa (robotics).
The delegation actively promoted the
advantages of moving into Korea's key
industrial complexes, promising Korean
businesses seeking investment or those
up for m&A, as well as Korean companies
hoping to invest in Japan.
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S.KOREA INTRODUCES
ADVANCED DRINKING
WATER TECHNOLOGIES
TO TANZANIA
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On April 4, KOTRA and the Korea
Institute of Civil Engineering and
Building Technology (KICT) jointly held
a seminar in Dar es Salaam, Tanzania on
the technological cooperation for the
development of water supply infrastructure.
The event was held to showcase
Korea’s water supply technologies and
expand its export market.
About 70 people from Tanzania,
including the officials of the Ministry of
Water and Irrigation, relevant government
agencies and companies attended
the seminar to learn about Korea’s new
water purification
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systems and have indepth
discussions on their applications in
local areas. Specifically, the seminar covered
the technological status of water
treatment systems in Korea and Tanzania
as well as the exemplary applications of
Korean drinking water equipment in other
countries.
Only 15 percent of Tanzania's population
has access to drinking water sources,
and in response, the Korean government
is conducting several R&D and commercialization
activities in collaboration with
the private sector.
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GLOBAL INNOVATIVE
COMPANIES VISIT
KOREA IN SEARCH OF
NEW TECHNOLOGIES
AND PRODUCTS
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MOTIE and KOTRA hosted the
Innovation & Technology Business
Partnering Event at InterContinental Seoul
COEX for two days from March 29.
102 buyers from 26 innovative industry
sectors including electric vehicles, smart
cars (self-driving cars), drones, Internet of
Things, ESS and new medical drugs were
invited to one-on-one sessions with 270
relevant Korean companies to enhance
cooperation. Based on the preliminary
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survey of demand, the areas of collaboration
were expanded to include not only product
supply but also technology transfer, joint
product development and industry-academic
cooperation.
On the sidelines of the event, various
programs such as seminars on the global
market entry of consumer goods companies
as well as sales pitching events were
prepared for the market diversification of
promising consumer goods.
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KOTRA AND PUBLIC
FINANCING INSTITUTIONS
JOIN HANDS TO ATTRACT
FOREIGN INVESTMENT
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KOTRA signed an MOU on cooperation
with the Industrial Bank of Korea
(IBK), the Korea Credit Guarantee Fund
(KODIT), and the Korea Technology
Finance Corporation (KIBO) to boost
foreign investment in promising domestic
startups and SMEs.
According to the MOU, the three policy
financing institutions will recommend
promising Korean companies in need of
foreign investment, while KOTRA’s 36
overseas offices will find the right foreign
investors for them. As such, the new
agreement will foster collaboration
among public institutions in laying the
foundation for growth of Korean
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companies on the global stage.
The MOU will help forge a collaborative
system of platforms for inducing foreign
investment and bolster foreign
investment in Korean startups and SMEs.
“Ideas and technologies are a source of
great potential in an era of the Fourth
Industrial Revolution,” said KOTRA’s
CEO and President Jaehong Kim. “With
that in mind, KOTRA and policy financing
institutions will provide all-out support
for Korean venture companies and
SMEs so that they can formulate a variety
of business strategies from the very
start and ultimately gain ground in the
global market.”