KITA hosts Korea - ASEAN & India Business Week 2021
A vision for inclusive recovery and mutual prosperity
- 13 hybrid events, including business forums, virtual meetings, mutual prosperity promotional hall events were held
- Jeffrey David Sachs, Columbia University chair professor, proposed "ASEAN Green Deal"
Korea International Trade Association (Chairman: Christopher Koo, who doubles the Chairman of the Korea-South & Southeast Asia Business Coalition) co-hosted Korea - ASEAN & India Business Week 2021 with the Presidential Committee on New Southern Policy, Korea Trade-Investment Promotion Agency (KOTRA), ASEAN-Korea Centre (ACK), Korea Importers Association (KOIMA), Asia Culture Center and Asian Culture Institute on October 5th at COEX in Samseong-dong.
The two-day main event opened under the slogan of “The Era of Post-COVID-19: Inclusive Recovery and Future of Mutual Prosperity in Korea-ASEAN & India” offered Korea-ASEAN & India Business Forum, virtual meetings, seminars on various themes, virtual reality experience zone, the ASEAN and the Indian region culture experiencing zone, which were participated by more than 1,000 experts, relevant officials engaged in ASEAN and India matters and entrepreneurs from companies with business operations in the ASEAN and the Indian region.
In his opening remarks, Christopher Koo, the Chairman of KITA, mentioned, "We have expanded mutually beneficial cooperation in the fields of economy, healthcare and human resource in the ASEAN and the Indian region, which is gaining attention both as a global production hub for more than 18,000 Korean companies and as an engine for economic growth." He also said, “New models for cooperation between Korea and the ASEAN and the Indian region should be created, which ensure co-prosperity and opportunities for growth in the post-Covid era.”
Ms. Young-sook Nam, the Head of the Presidential Committee on New Southern Policy, said in her welcoming speech, “As Korea’s second largest trading partner, we will see more robust bilateral exchanges between the ASEAN and the Indian region.” She added, “Main emphasis will be put on economic cooperation projects, such as laying a solid foundation for trade and investment, supporting the growth of new industries, creating platforms for cooperation and establishing infrastructures, as guided by “ASEAN and India Policy Plus”, which aims for mutual prosperity of Korea and the ASEAN and the Indian region.”
Jeffrey David Sachs, the keynote speaker of Korea-ASEAN & India Business Forum, who is a chair professor at Columbia University, stressed the need for six key shifts for sustainable growth and a future for co-prosperity: creating decent jobs, capacity to ensure public health, the use of green energy, protecting biodiversity, responding to urbanization and closing the digital divide gap. He also highlighted the urgent need for international cooperation to bring these shifts into a reality and advised the ASEAN nations to join efforts to sign a “ASEAN Green Deal”.
Various side events aimed at supporting greater business exchanges between Korea and the ASEAN and the Indian region were also held. Virtual export meetings, including “ASEAN & India Big Buyer Business Meeting”, which was attended by 57 high profile buyers from the ASEAN and the Indian region that met with 191 Korean companies and “Certified Trading Company Business Meeting”, which attracted more than 40 certified trading companies that met with 82 Korean manufacturing companies, were held along with business meetings regarding consumer goods, medical products, ICT solution and edu-tech that were held during the course of two-day main event.
Other events that were held include seminars of diverse topics. ASEAN & India Market Entry Seminar covered the following topics including case studies - "Virtual Reality ‘Metabus’ and the Counterstrategy for the Shift of Global Market" and "Export Strategy to ASEAN & India through E-Platform". Besides this seminar, Korea-ASEAN & India Economic Cooperation Seminar, ASEAN Youth Career Mentorship Seminar and a Seminar on Business Opportunities in ASEAN Special Economic Zones (SEZs)-Industrial Zones were also held.
Hakhee Jo, the Vice President for International Affairs at KITA, mentioned, “Korea - ASEAN & India Business Week, which is held for the third time this year, has firmly established itself as a representative business exchange event participated by companies in Korea and the ASEAN countries and India” and added his hopes for this event to serve as a venue of cooperation into the future, which prepares a new era after the Covid pandemic.