South Korea looks to invest in Himachal
Shimla: A high-level South Korean trade delegation met industry and other department officials of the Himachal Pradesh government today here to explore possibilities of investment and collaborations in Electronics, Semiconductor manufacturing, EV & EV components, pharmaceuticals, medical devices, Renewable Energy, Power, Agro & Food Processing, and Tourism sector.
They also agreed that several sectors such as Renewable Energy, Power, Agro & Food Processing, and Tourism might be opportunities for collaboration between companies from Korea and Himachal Pradesh.
Led by Kwang Seok Yang, Commercial Attaché, Embassy of the Republic of Korea, the delegation comprised heads of Korea Plus, Invest India, KOTRA (Korea Trade-Investment Promotion Agency) – Commercial Section Embassy of the Republic of Korea, Korea International Trade Association (KITA), Korea SMEs and Startups Agency (KOSME), Korea Trade Insurance Corporation (K-Sure), and Chungcheongnam-Do Economic Promotion Agency (CEPA).
According to the delegation, KOTRA will share the features of Himachal Pradesh with Korean companies based in India as well as in Korea to attract them to this promising and investment-friendly state. “I hope, post this visit multiple opportunities open up in Himachal Pradesh,” said Kwang Seok Yang, the Commercial Attache, Korean Embassy, New Delhi.
A state-owned agency, KOTRA is the apex foreign trade promotion agency of the Korean government with offices across the globe. Likewise, Korea SMEs and Startups Agency (KOSME), Korea Trade Insurance Corporation (K-Sure), and Chungcheongnam-Do Economic Promotion Agency (CEPA) are trade promotion arms of the Korean government in their respective segments.
The Korean delegation included Jeemin Lee, Tax Attaché, Embassy of the Republic of Korea, Jae Ho Yoo, Director, Korea Plus, Invest India, Joonhwa Bin, Managing Director, South Asia, KOTRA, Myunglae Choi, Director, India-Korea Business Cooperation Center, KOTRA, Young Ho Lee, Chief Representative, Korea International Trade Association (KITA), among others.
The Korean mission also donated Korean-made Health and Wellness products to the state Health Department. These included KF-94 Masks, Portable Air Purifiers, Glucose Monitors, and Ginseng Stick for immunity.
KOTRA is a state-funded trade and investment promotion organization operated by the Government of South Korea. KOTRA was established in 1962 as a national trade promotion organization.