• KITA Held ‘Korea-Mekong Business Forum’ in Bangkok
    2019-10-17 hit 1057

    KITA Held ‘Korea-Mekong Business Forum’ in Bangkok

    - Sought opportunities for economic cooperation with 5 countries in Mekong region and innovation of small and medium-sized enterprises -


    The Korea International Trade Association (Chairman, Kim Young-ju) held ‘The 7th Korea-Mekong Business Forum and Consultation’ in Bangkok, Thailand, in cooperation with the Ministry of Foreign Affairs on October 17th (local time).


    Some 100 people, including Assistant Foreign Minister Yoon Soon-gu, officials from government agencies and related organizations of Mekong countries, such as Cambodia, Laos, Myanmar, Thailand and Vietnam, the companies willing to make inroads into the region and specialists participated in the event.


    The business forum was held under the theme of ‘Enhancing SMEs Innovation Capacity’ and presentations on innovation of small and medium-sized enterprises, improvement of competitiveness, measures for sustainable growth and success stories of cooperation were shared.    


    Chairman Park Snag-won of the Korea-ASEAN Forum said in his presentation, “Mekong region is the geographical hub that connects ASEAN, China and India by land is attracting attention with young population and high economic growth rate.” He stressed, “It is important to make joint efforts between private and public sectors like this event in order to foster exchanges between the companies in Korea and Mekong and create sustainable growth engines.”   


    In the following one-on-one consultation session, 18 Korean companies explored the possibilities of business model innovation with 38 buyers from Mekong region. On the 18th, the next day, they visited the East Economic Corridor (ECC), the key strategic area of Thailand’s 4.0 Industrial Revolution, and inspected major industrial bases with sizable room for cooperation with South Korea, such as VISTEC, which modeled after KAIST and Chon Buri Industrial Complex and examined the possibilities of entering the place.  


    Cho Hak-hee, the head of International Affairs Group at the Korea International Trade Association, said, “This year is especially meaningful as the first year of economic cooperation between the two countries, including the first meeting of the Korea-Mekong Summit following the Korea-ASEAN Special Summit in November.” He added, “I hope this event will help strengthen the practical foundation for economic cooperation between Korea and the countries in Mekong region.


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