Latest news with #KoreaTrade-InvestmentPromotionAgency
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.
Korea Herald
15-05-2025
- Business
- Korea Herald
KOTRA, AMCHAM to cooperate on regulatory reform, S. Korea-US trade
The Korea Trade-Investment Promotion Agency and the American Chamber of Commerce in Korea on Thursday formed a strategic partnership to promote regulatory reform and boost bilateral trade between South Korea and the United States, the organizations said. Under a memorandum of understanding signed on the day, the two organizations agreed to collaborate on promoting regulatory reform and support initiatives that advance the US-Korea economic partnership. They will set up a joint working-level committee to identify and recommend regulatory improvements to this end. The two sides also plan to co-host briefings, exhibitions and export consultations while continuing to explore new opportunities to expand bilateral trade and investment. "We hope this partnership with AMCHAM will serve as a valuable bridge for Korean small and medium-sized enterprises seeking to enter the US market," KOTRA Chief Executive Officer Kang Kyung-sung said. James Kim, chairman and CEO of AMCHAM, said the partnership represents a key step forward in reducing non-tariff barriers in bilateral trade and strengthening South Korea's position as a premier regional business hub. (Yonhap)
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
Business Recorder
30-04-2025
- Automotive
- Business Recorder
KOTRA hosts event to strengthen economic ties with Pakistan
KARACHI: The Korea Trade-Investment Promotion Agency (KOTRA) Karachi, in collaboration with the Embassy of the Republic of Korea in Pakistan, Karachi Office, hosted the highly successful Korea Pakistan Industrial Collaboration 2025 event on Tuesday at a local hotel. The event served as a dynamic platform for fostering industrial cooperation, exploring new business opportunities, and strengthening the economic partnership between Korea and Pakistan. The event brought together key stakeholders from both countries, including government officials, industry leaders, business executives, and experts from various sectors. The primary focus was on identifying and promoting collaboration in key industries with high growth potential, such as the automotive sector, medical devices, and information technology. The formal proceedings began with an opening address by Yi Sung-ho, Consul General of the Republic of Korea in Karachi, who emphasized the importance of strengthening bilateral ties and promoting industrial collaboration between Korea and Pakistan. Yi Sung-ho expressed his belief in the potential for both nations to amplify their bilateral trade and investment activities, particularly in Automobile Engineering, Medical Equipment & IT Sector. Following the opening address, Farooq Afzal, Founding President of Diplomatic Forum International and Member of the Karachi Council on Foreign Relations, delivered his welcome remarks. Afzal highlighted the immense potential for Korean and Pakistani industries to collaborate and leverage their respective strengths for mutual economic growth and prosperity. He stated, this collaboration holds the key to unlocking new opportunities, driving innovation, and creating a win-win scenario for both our nations. A key highlight of the event was the series of insightful presentations, which showcased specific opportunities for collaboration in high-growth sectors. Aasif Hussein, General Manager Localization at Pak Suzuki, presented the company's vision for the future of the automotive industry in Pakistan, with a focus on localization strategies. The presentation emphasized the potential for Korean automotive companies to partner with Pak Suzuki in developing the local automotive supply chain and enhancing technological capabilities. Dr Tasmia Abeer Billo, Member Executive Committee of the Health & Development Association of Pakistan (HDAP), provided an overview of Pakistan's rapidly increasing medical device industry and highlighted the significant opportunities for strategic collaboration with Korean counterparts. The presentation underscored the potential for joint ventures, technology transfer, and investment in this critical sector. Dr Dabeer Khan, Director of Foreign Aid Projects, Government of Sindh, presented the exciting opportunities for Korean companies available at the IT Park in Karachi. He emphasized the government's commitment to developing the IT sector and invited Korean IT companies to invest in and collaborate with Pakistani tech firms. Min Joon Ho, Director General of KOTRA Karachi, noted the vibrant participation and positive engagement from both Korean and Pakistani stakeholders, underscoring the significant potential for future collaboration. He reaffirmed KOTRA's unwavering commitment to facilitating business partnerships and helping companies from both nations capitalize on the opportunities identified through today's event. The participants expressed strong optimism about the future of Korea-Pakistan industrial cooperation and pledged to work together to translate the ideas and connections presented at the event into tangible business outcomes. KOTRA Karachi and the Embassy of the Republic of Korea in Pakistan, Karachi Office, reiterated their commitment to supporting and facilitating these collaborations. Copyright Business Recorder, 2025
Business Recorder
29-04-2025
- Automotive
- Business Recorder
2025 Korea-Pakistan industrial collaboration event held
The Korea Trade-Investment Promotion Agency (KOTRA) Karachi, in collaboration with the Embassy of the Republic of Korea in Pakistan, Karachi Office, proudly hosted the highly successful Korea Pakistan Industrial Collaboration 2025 event on 29th Apr, 2025 at Hotel Marriott, Karachi. The event served as a dynamic platform for fostering industrial cooperation, exploring new business opportunities, and strengthening the economic partnership between Korea and Pakistan. The event brought together key stakeholders from both countries, including government officials, industry leaders, business executives, and experts from various sectors. The primary focus was on identifying and promoting collaboration in key industries with high growth potential, such as the automotive sector, medical devices, and information technology. The formal proceedings began with an opening address by H.E. Yi Sung-ho, Consul General of the Republic of Korea in Karachi, who emphasized the importance of strengthening bilateral ties and promoting industrial collaboration between Korea and Pakistan. H.E. Mr. Yi Sung-ho expressed his belief in the potential for both nations to amplify their bilateral trade and investment activities, particularly in Automobile Engineering, Medical Equipment & IT Sector. Following the opening address, Mr. Farooq Afzal, Founding President of Diplomatic Forum International and Member of the Karachi Council on Foreign Relations, delivered his welcome remarks. Mr. Afzal highlighted the immense potential for Korean and Pakistani industries to collaborate and leverage their respective strengths for mutual economic growth and prosperity. He stated, this collaboration holds the key to unlocking new opportunities, driving innovation, and creating a win-win scenario for both our nations. A key highlight of the event was the series of insightful presentations, which showcased specific opportunities for collaboration in high-growth sectors. Mr. Aasif Hussein, General Manager Localization at Pak Suzuki, presented the company's vision for the future of the automotive industry in Pakistan, with a focus on localization strategies. The presentation emphasized the potential for Korean automotive companies to partner with Pak Suzuki in developing the local automotive supply chain and enhancing technological capabilities. Dr. Tasmia Abeer Billo, Member Executive Committee of the Health & Development Association of Pakistan (HDAP), provided an overview of Pakistan's rapidly increasing medical device industry and highlighted the significant opportunities for strategic collaboration with Korean counterparts. The presentation underscored the potential for joint ventures, technology transfer, and investment in this critical sector. Dr. Dabeer Khan, Director of Foreign Aid Projects, Government of Sindh, presented the exciting opportunities for Korean companies available at the IT Park in Karachi. He emphasized the government's commitment to developing the IT sector and invited Korean IT companies to invest in and collaborate with Pakistani tech firms. The Korea Pakistan Industrial Collaboration 2025 was a resounding success, achieving its objectives of promoting bilateral industrial cooperation and identifying concrete opportunities for collaboration. The event facilitated meaningful dialogue between Korean and Pakistani businesses, laying the foundation for future partnerships and investments. Mr. Min Joon Ho, Director General of KOTRA Karachi, noted the vibrant participation and positive engagement from both Korean and Pakistani stakeholders, underscoring the significant potential for future collaboration. He reaffirmed KOTRA's unwavering commitment to facilitating business partnerships and helping companies from both nations capitalize on the opportunities identified through today's event. The participants expressed strong optimism about the future of Korea-Pakistan industrial cooperation and pledged to work together to translate the ideas and connections presented at the event into tangible business outcomes. KOTRA Karachi and the Embassy of the Republic of Korea in Pakistan, Karachi Office, reiterated their commitment to supporting and facilitating these collaborations
