Latest news with #KOTRA
Arab Times
17-05-2025
- Health
- Arab Times
Korea fest in Kuwait to bolster health, medical tourism bonds
KUWAIT CITY, May 17: Ambassador of the Republic of Korea to Kuwait Park Chung-suk has affirmed his satisfaction over the inauguration of the Korea Health and Beauty Festival in Kuwait through the concerted efforts of the embassy, Korea Tourism Organization and Korea Trade Promotion Corporation (KOTRA). Speaking at the event, Park underscored the significance of the event in bolstering bilateral relations, particularly in the fields of health and medical tourism. He stated, 'it is with great pleasure that we extend to the Kuwaiti people a comprehensive South Korean experience that reflects substantial progress in the domains of cosmetic medicine, sophisticated healthcare and medical tourism, alongside the rich cultural heritage that imparts a distinctive character of South Korean health and beauty services.' He said the festival, held on May 16-17 at The Avenues Mall, is considered a commercial landmark in Kuwait; including interactive and experiential activities like health consultations, AI-driven skin diagnostics, live cosmetic demonstrations, massage sessions, displays of the 'hanbok' -- a traditional attire, handicrafts, musical performances featuring K-pop and the renowned Korean show 'Nanta'. He pointed out that the event transcended service introductions, as it is a platform for connecting leading South Korean enterprises in the health and beauty sector with their Kuwaiti counterparts. This was made possible through the 'Korean Medical Tourism Evening' held on May 15 at the Jumeirah Messilah Beach Hotel and Resort, with more than 100 participants, including officials, experts, and representatives from the health and travel industries. The evening featured presentations by prominent South Korean hospitals, live consultation sessions, and a keynote address by a Kuwaiti influencer, sharing personal experiences in South Korea. Park added, 'The demand for medical and beauty travel to South Korea among Kuwaitis has been witnessing a remarkable growth -- 65 percent increase in 2024 compared to the preceding year. We are optimistic that this festival will contribute to the establishment of new avenues for collaborative engagement and enhance the image of South Korea as a preferred destination for those seeking quality and excellence in healthcare.' He affirmed that the South Korean culture has evolved beyond entertainment, serving as a conduit for intercultural connection through practical and humanitarian fields such as health. He said his nation remains committed to maintaining this productive collaboration with the State of Kuwait. Meanwhile, Secretary General of the National Council for Culture, Arts and Letters (NCCAL) Dr. Mohammad Al-Jassar has stressed the importance of cultural events in fostering rapprochement and mutual understanding. Al-Jassar commended the organization of the festival, the participation of South Korean and Kuwaiti artists, and the presence of distinguished cultural and artistic professionals
The Star
17-05-2025
- Business
- The Star
South Korea, Laos join forces to promote green growth, investment cooperation
VIENTIANE: The Republic of Korea and Laos are strengthening their partnership to advance green growth and sustainable investment through enhanced bilateral cooperation, as highlighted at the 2025 Korea–Laos Net-Zero Partnership Forum held in Vientiane on Tuesday (May 13). The event brought together over 100 participants from government ministries, international organisations, and private sector companies from both countries. Lao and Korean officials join development partners for a group photo at the 2025 Korea–Laos Net-Zero Partnership Forum in Vientiane on May 13. It was jointly organised by the Embassy of the Republic of Korea and the Korea Trade-Investment Promotion Agency (KOTRA), in celebration of the 30th anniversary of diplomatic relations between Korea and Laos. The forum aimed to deepen collaboration on carbon emission reduction and to promote green investment initiatives that contribute to both countries' sustainable development goals. Co-chaired by the President of Southeast Asia and Oceania at KOTRA, Koo Bon Kyung, and Laos' Deputy Minister of Natural Resources and Environment of Laos, Phouvong Luangxaysana, the event welcomed several distinguished guests, including Minister-Counsellor at the Embassy of the Republic of Korea in Laos, Lee Dong Gyu, and Country Representative of the Global Green Growth Institute (GGGI), Dagmar Zwebe. Koo Bon Kyung reaffirmed Korea's commitment to achieving carbon neutrality by 2050 and underscored Laos' importance as a strategic partner in green energy development. He said 'This forum provides a timely opportunity for our governments, businesses, and development partners to share strategies, align policies, and identify concrete projects that can turn climate ambition into climate action.' Phouvong echoed this sentiment, reiterating the Lao government's commitment to its Nationally Determined Contributions (NDC). 'We are actively implementing the Decree on Carbon Credits, preparing NDC 3.0, and enhancing climate finance strategies, with strong support from international partners such as Korea,' he said. Key presentations from Lao ministries—including the Ministry of Natural Resources and Environment, Ministry of Energy and Mines, Ministry of Public Works and Transport, and Ministry of Agriculture and Forestry—highlighted national strategies on carbon credit markets, greenhouse gas reduction, and energy transition. International partners such as GGGI, KOICA, and KOTRA shared updates on technical assistance, Article 6 carbon trading mechanisms, and frameworks to drive green investment. The forum also featured a technology showcase by leading Korean green energy companies. These included the CS Tech Consortium (comprising NS Telecom, KCP, and Dasco), Enerwin Korea, MOA E&C, Thanks Carbon, and EWC, who introduced their innovations in renewable energy and carbon reduction technologies. Two significant Memorandums of Agreement were signed during the event. The first was between CS Tech Consortium and Electrical Construction and Installation State Enterprise (ECI) for the development of e-bike and battery-swapping infrastructure. The second was with ASA Power Engineering for solar power development projects. These initiatives are expected to become the first Internationally Transferred Mitigation Outcomes between the Republic of Korea and Laos under the Paris Agreement framework. A government-to-government session was also conducted between the Lao Ministry of Natural Resources and Environment and representatives from Korea's Ministry of Trade, Industry and Energy, KOTRA Headquarters. Discussions focused on establishing a collaborative framework to meet 2030 GHG emission reduction targets. The event concluded with a business matching session that facilitated direct consultations between 19 major Lao companies—including EDL, EDL-Gen, Phongsubthavy Group, Khounxay Group, ASEAN Group, DDC, and the AIF Group—and Korean green technology providers. In his closing remarks, Director General of KOTRA Vientiane, Park Jungwe, said 'This is not a one-time event. It is a long-term initiative. KOTRA will continue to support project identification, investor engagement, and capacity-building to ensure Korea and Laos achieve meaningful progress together on the net-zero transition.' The forum served not only as a platform to promote investment cooperation, but also to raise public awareness about Laos' climate change commitments and the growing opportunities for Korean companies to invest in renewable energy, electric mobility, and sustainable infrastructure in Laos. - Vientiane Times/ANN
Korea Herald
15-05-2025
- Business
- Korea Herald
AmCham, KOTRA partner to boost bilateral economic ties
The American Chamber of Commerce in Korea signed a memorandum of understanding with the Korea Trade-Investment Promotion Agency on Thursday to enhance trade, investment and regulatory cooperation between Korea and the US. Through the agreement signed at the KOTRA headquarters in Seoul, the two organizations will form a joint working-level committee to identify and address key regulatory challenges based on AmCham's annual reports and member input. AmCham and KOTRA will also co-host regular events such as briefings, roundtables, exhibitions and export consultations, while seeking new areas for bilateral collaboration. The agreement builds on the findings of AmCham's '2025 Business Environment Insight Report: APEC Special Edition,' which highlighted approximately 70 unresolved or emerging regulatory issues across 12 key industries including aerospace, pharmaceuticals, energy and the digital economy. 'This MOU lays important groundwork for enabling strategic economic collaboration,' said AmCham CEO James Kim. 'It represents a key step forward in reducing nontariff barriers, strengthening Korea's position as a premier regional business hub, and ensuring the success of APEC 2025.' KOTRA President and CEO Kang Kyung-sung added to the statement, expressing his hope that the partnership will support Korean small and midsized enterprises entering the US market and strengthen business ties between the two countries.
Daily News Egypt
15-05-2025
- Business
- Daily News Egypt
*Korea, Egypt hold seminar to strengthen manufacturing supply chain cooperation*
The Embassy of the Republic of Korea in Egypt and the Korea Trade-Investment Promotion Agency (KOTRA) jointly organised the 2025 Korea-Egypt Manufacturing Partnership Seminar in Cairo on 14 May 2025, aimed at bolstering cooperation in manufacturing supply chains. The event, held at the Four Seasons Hotel Cairo at Nile Plaza, sought to strengthen the foundation for collaboration between Korean companies and key players in Egypt's manufacturing sector, with the objective of promoting joint growth within the manufacturing ecosystems of both nations. Egyptian participants included representatives from the General Authority for Investment and Free Zones (GAFI), the Arab Organization for Industrialization (AOI), and leading companies such as Elsewedy, GB Auto, El Araby, and Multicare Pharma. Over 60 representatives from various Korean companies attended the seminar both in person and online. Ambassador Kim Yonghyon highlighted the significance of the year, marking the 30th anniversary of diplomatic relations between Korea and Egypt. He noted that over the past three decades, the two countries have developed robust economic ties in trade, investment, and infrastructure projects, with manufacturing playing a central role in this bilateral partnership. Ambassador Kim emphasised that combining Egypt's potential as a regional manufacturing hub with Korea's technological and industrial competitiveness could lead to a mutually beneficial cooperation model. He also observed that Korean companies currently operating in Egypt are actively contributing to the local manufacturing ecosystem through collaboration with Egyptian firms. Furthermore, major Egyptian corporations are building partnership models with Korean small and medium-sized enterprises (SMEs), producing tangible results in industrial cooperation. He expressed hope that the seminar, which focused on promising sectors such as automotive, electronics, power equipment, healthcare, and defence industries, would lead to expanded mutual benefits and sustainable growth in the manufacturing sectors of both countries. As a follow-up to the seminar, KOTRA will organise a two-week online business matchmaking event from 15 to 29 May. This initiative will facilitate one-on-one consultations between Korean and Egyptian companies to explore concrete opportunities for cooperation in manufacturing.
See - Sada Elbalad
14-05-2025
- Business
- See - Sada Elbalad
S. Korea, Egypt Strengthen Cooperation in Manufacturing Supply Chains
Israa Farhan The Embassy of the Republic of Korea in Egypt and KOTRA (Korea Trade-Investment Promotion Agency) jointly organized the 2025 Korea-Egypt Manufacturing Partnership Seminar on May 14, 2025, at the Four Seasons Hotel Cairo at Nile Plaza. The seminar aimed to strengthen the foundation for cooperation between Korean companies and key players in Egypt's manufacturing sector, with the goal of promoting joint growth within the manufacturing ecosystems of both countries. Egyptian participants included representatives from GAFI (General Authority for Investment and Free Zones), AOI (Arab Organization for Industrialization), and leading companies such as Elsewedy, GB Auto, El Araby, and Multicare Pharma. On the Korean side, more than 60 representatives from various companies joined the event in person and online. Ambassador Kim Yonghyon highlighted the significance of this year, marking the 30th anniversary of diplomatic relations between Korea and Egypt. He noted that over the past three decades, the two countries have developed robust economic ties in trade, investment, and infrastructure project, with manufacturing playing a central role in the bilateral partnership. Ambassador Kim emphasized that combining Egypt's potential as a regional manufacturing hub with Korea's technological and industrial competitiveness could lead to a mutually beneficial cooperation model. He also noted that Korean companies currently operating in Egypt are actively contributing to the local manufacturing ecosystem through collaboration with Egyptian firms. Furthermore, major Egyptian corporations are building partnership models with Korean SMEs, producing tangible results in industrial cooperation. He expressed hope that the seminar, which focused on promising sectors such as automotive, electronics, power equipment, healthcare, and defense industries, would lead to expanded mutual benefits and sustainable growth in the manufacturing sectors of both countries. As a follow-up to the seminar, KOTRA will organize a two-week online business matchmaking event from May 15 to 29, enabling one-on-one consultations between Korean and Egyptian companies to explore concrete opportunities for cooperation in manufacturing. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
