KITA Held ‘Korea-ASEAN & India
Business Week 2019’
800 business people from home and abroad participated in the international forum,
seminar and export consultation session … pursued ‘One
The Korea International
Trade Association (Chairman Kim Young-Joo, chairman of New Southern Business
Federation) and the Presidential Committee on New Southern Policy jointly
hosted ‘Korea-ASEAN & India Business Week 2019’ at COEX in Samseong-dong
for two days from June 24th to 25th.
The event, held under the
theme of ‘Digital Economy (One-Asia)’, was designed to provide an opportunity
for business exchanges involving a large number of companies from new southern
region. More than 800 people, including the companies who wish to make inroads
into the new southern region, local global companies, specialists, and
officials from the government and organizations participated in the event such
as international forum, corporate seminar, one-on-one export consultation, etc.
and sought ways to achieve mutual prosperity.
Kim Young-joo, chairman of
the Korea International Trade Association that hosted the event, said "The
wave of the digital economy is spreading all over the world, starting from the
new southern region." He stressed, “This Korea-ASEAN
& India Business Week 2019 will be a meaningful time for the global economy
to seek new growth engine.”
At the 'New South Digital
Economic Forum' held on 25th, global business executives from the
new south region such as global e-commerce companies like Indonesia's Lazada
Group and Singapore's Shopee, and Thailand's largest shared office startup
Hubba and India’s Invest India participated as speakers and discussed ▲utilization of e-commerce in new southern area, ▲startup ecosystem and tech-startups’ success stories, and ▲ cooperate measured for the future vision of smart mobility.
Park Dong-hyun, a senior
economist at Asia Development Bank (ADB), participated as a moderator of the e-commerce
session and said "With the spread of e-commerce and the convenience of
payment, transactions across borders are becoming more common.” He elaborated, “The integration of the
e-commerce market in Asia has been accelerated with the global players such as
Rajada, Shoppee and Expedia."
Kim Do-hyun, dean of
graduate school of global startup venture at Kookmin University, said,
"The mobile-based digital economy is emerging centering on the new
southern region, and its success is not following the existing rules.” He stressed, “It is necessary to create a
fertile environment in Asia through the close technology cooperation between
countries in which more start startups can grow and produce unicorn companies
like the second Grab and Go-Jek. "
At the ‘One-on-one Meeting
with Big Buyers from New South Region' carried out along with the forum, an
Indonesian distribution big buyer DiMarco and the company N that exports
portable fire extinguisher signed a memorandum of understanding (MOU) worth
about 500,000 dollars.
At the consultation session,
41 buyers from eight Asian countries participated and carried out business
meetings with 300 Korean exporters. Major buyers, including Singapore's largest
supermarket chain FairPrice, Internet shopping mall Rajada and Shopee, Nature's
Basket with supermarket chains in 125 cities in India, India's largest home
shopping company Home Shop 18, Indonesia's largest book publishing and media
group Gramedia and the country’s number one home shopping Lejel Shopping took part
in the event.