Held Korea-China Business Forum in Beijing
- 180 business people from Korea and China
came together and actively discussed cooperation plans for the future -
the strained situation around THAD issues, there was an opportunity for
business people from Korea and China to come together and discuss the ways to
jointly cooperate for the new industries in the future upon the 25th
anniversary of the Korea-China diplomatic relations.
International Trade Association (Chairman, Kim In-ho) held the
"Korea-China Business Forum to Mark the 25th Anniversary of the
Korea-China Diplomatic Relations" in Beijing on August 24, Thursday. The
forum, sponsored by the Korean Embassy in China, the Korea Institute for
International Economic Policy, and China’s International Business Daily,
attracted the participation of some 180 business people from both countries.
During the forum, the participants evaluated the achievements of bilateral
economic cooperation between the two countries over the past 25 years, and
actively discussed the cooperation plans for the future industries, including
artificial intelligence, big data and bio.
Yong-min, head of the Analysis and Forecasting Department at the Korea
International Trade Association, delivered a presentation titled "The
Achievements and Challenges of 25 Years of Korea-China Economic Cooperation’.
He evaluated that the bilateral economic cooperation has greatly contributed to
the two countries’ economic development as well as job creation as Korea is
securing the largest market share of China’s import market and is the number
one investor in China (except for the Chinese residing abroad). In addition, he
emphasized that it is necessary to strengthen cooperation in the fourth
industrial revolution and service sector in the future.
Chaoxian, who made a presentation on the
topic of the 'Cooperation Scheme for New Industries of the Future', suggested
six directions of cooperation: focus on new industries, cooperation in
industry, cooperation in R & D, service cooperation, bilateral investment
in Korea and China, and Korea-China joint investment in third countries. He
also stated that in the trend of globalization and informatization, China needs
to expand industrial cooperation with manufacturing powers such as Korea.
the experts from the two countries had discussions on the cooperation between
the two countries and the new industries. Vice President Li xinming of SK China
reviewed the friendship enhancement and economic exchanges between SK and
China. Professor Jeong Hong-sik of Tsinghua University and Hu Wenwen, head
of the Guiyang Big Data Exchange, shared their opinions on the cooperation possibilities
in an artificial intelligent chip field and big data exchange
area, respectively. In addition,
Yu guoyou, head of Jingdong, said
that One Belt One Road policy will be a great opportunity for e-commerce
companies and the future e-commerce market will be competitive in terms of
quality, brand and service beyond the era of size-based incentives.
Kim Geuk-soo, head of KITA's International Affairs Group, said
"With globalization and the fourth industrial revolution, both countries
are facing new challenges that they have never experienced before.” Mr. Kim
added "I am looking forward to seeing that the Korea-China cooperative
relationship will create more upgraded achievements compared to the last 25
years by making sure to realize the ideas for the new industries presented in