KITA held ‘China Business Day’
Successful business consultation meetings with leading buyers, including
Alibaba… green light to enter into Chinese market -
The Korea International Trade
Association (Chairman, Kim Young-joo) held 'China Business Day', including
‘'One-on-one Business Consultation Meeting Inviting Promising Buyers from
China' and ‘Seminar on Online Market Entry Strategy Utilizing Alibaba', at COEX
in Samseong-dong on May 8.
59 leading buyers in China,
including Alibaba, which takes up 80 percent of Chinese online market, Lotus
supermarket with more than 90 chains in China, Goodwell, China's largest
grocery retailer, Intime Retail, a top 500 service company in China,
participated in the event and had the business consultation meetings with more
than 300 Korean companies.
In particular, Alibaba Group
actively participated in business consultation meetings as well as briefings
about online store opening by sending China’s overwhelming number one B2C
online shopping website Tmall’s TP (Tmall Partners), and China’s number one C2C
online shopping mall Taobao’s 21 power sellers.
The Alibaba Group was very
interested in new Korean brands and sourcing innovative products and shared
vital information and know-how with the Korean companies who were willing to
enter into e-commerce market in China by introducing how to open online
shopping malls and sales strategies.
A buyer who participated in
the conference said, "As the relationship between Korea and China is on
the mend and the trade environment has improved recently, it is expected that
demand for Korean products in China will increase.” The buyer also described the atmosphere of the event, "Thanks
to this expectation, the conference was more serious and busy."
Cho Hak-hee, the head of
International Affairs Group at the Korea International Trade Association said,
"Considering the advantages such as China’s huge market size and easy
geographical and cultural accessibility, China is a market that Korea cannot
give up. We expect that this event will play a role as a primer to promote the
expansion of economic exchanges between Korea and China that are recovering
recently by providing an opportunity for rich business exchanges."
The buyers who have finished
business consultation meetings in Seoul will go to Daegu on May 10 and have
business meetings with the companies in Daegu？Gyeongbuk region.