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KITA
hosts Korea-Canada Business Roundtable
The Korea International Trade Association
(Chairman: Christopher Koo) and the Canadian Embassy to Korea co-hosted a
roundtable between Korea and Canada to seek opportunities for bilateral
business cooperation. The roundtable was organized in conjunction with a visit
to Korea made by Francois-Philippe Champagne - the Canadian Federal Minister of
Innovation, Science and Industry. Along with the Minister, the Canadian
government’s delegation, including Tamara Mawhinney, Charge d'Affaires a. i. at
the Canadian Embassy to Korea, Sebastien Lemire, a member of the House of
Commons of Canada, and representatives from six Canadian companies specializing
in battery materials, battery recycling, automotive parts, nano processing
technology and music-based media production participated in the roundtable.
Minister
Francois-Philippe Champagne mentioned, “As this year has seen a summit meeting
between leaders of Canada and Korea and next year will witness a celebration of
the 60th anniversary of establishing diplomatic relations between
the two countries, the Government of Canada looks forward to deepening ties
with Korea in the future.” The Minister specially highlighted, “Canada is a
nation that is blessed with reserves of all core minerals that are needed to
produce batteries and is also one of a dozen of major global hydrogen energy
producers” and added, “We wish Korean companies to come to Canada to do
business and cooperate with Canadian companies.”
In his
welcome remarks, Marnki Jeong, the Vice Chairman of KITA, mentioned, “The
relation between Korea and Canada has been elevated to a Comprehensive
Strategic Partnership with the summit meeting held in September this year.” He
also said, “Let us engage in strong collaboration to overcome global supply
chain risks by expanding cooperation into the renewable energy and hydrogen
sectors.” The roundtable was attended by representatives of 17 prominent Korean
companies in the fields of renewable energy, biotechnology, aerospace industry,
artificial intelligence, and information technology. Some notable companies
include Samsung C&T, SK Inc., Hyundai Engineering, Hyundai Corporation,
Hanwha Solutions, POSCO International, Yuhan Corporation, People and Technology
(PNT), HANCOMinSPACE, Kakao Enterprise Corp., and Krafton Inc.
Representatives
of companies who attended the roundtable shared their ongoing business
activities in Canada and Samsung C&T was one of those companies to have an
opportunity to present its projects to attendees. A representative from Samsung
C&T delivered a presentation on its 1,300-megawatt (MW) wind and solar
power facility currently being operated in the province of Ontario and another
project to build a facility for solar power and energy storage, which is
scheduled to be completed by September 2023. The representative mentioned, “We
would like to ask the Canadian government to be more engaged in the future to
provide support in order to materialize a wide array of innovative clean tech
projects, including an expansion of cities aimed at achieving energy autonomy,
by taking advantage of green hydrogen and renewable energy.”
A
representative of HANCOMinSPACE, which established a joint venture with a
Canadian company Infiniti Optics, shared a business model with attendees, which
was realized by combining the strengths of the two companies. The representative
highlighted the company’s excellence in its software and AI technologies and Infiniti
Optics’ long-range surveillance technology and said, “I sincerely wish that
Korea and Canada can work together to create new business models in various sectors.”
[This
news is provided by Korea Trade News]
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