HKTDC to strengthen trade ties with Korea

Hong Kong/Seoul, 16th November: The Hong Kong Trade Development Council (HKTDC) officially launched its office in Seoul on 21st November with the aim of boosting Hong Kong’s trade and business ties in Korea.

Prior to opening the office, the HKTDC had been operating through a “consulting office” in Seoul which had been open since 1990. Through its new office in Seoul, the HKTDC will provide a more comprehensive set of services to connect companies from Hong Kong and Korea. The office will be staffed with HKTDC management from Hong Kong as well as with local staff.

At the time of the opening of the Seoul office, the HKTDC also signed a Memorandum of Understanding (MoU) with the Korea Trade-Investment Promotion Agency (KOTRA).

Under the terms of the MoU, the two parties will exchange information related to economic cooperation, trade facilitation, industry development and new business opportunities in both Hong Kong and Korea.

The MoU will also serve to strengthen cooperation in terms of promoting economic partnerships and trade between Hong Kong and Korea with a special focus on industries including: creative services and other high-value services, start-ups, technology, lifestyle products, food, toys, gifts and housewares.

Sources: HKTDC press release [1], HKTDC press release [2]