(VOVworld)- Han Seok-woo, Head of the Libya unit of the Korea Trade-Investment Promotion Agency (KOTRA), was set free 3 days after being abducted by gunmen in Libya. Han Seok-Woo is being protected by the Libyan government and will be handed over to the South Korean Embassy. He was kidnapped in the capital city of Tripoli while returning home from work on January 19. Libya has been in a state of chaos and violence since former leader Muammar Gaddafi was ousted in October, 2011. … [Read more...] about South Korean trade official kidnapped in Lybia released
Korean trade investment promotion agency
Vietnam Striving to Lure More S. Korean Investors
The Vietnam Days will be held in South Korea May 21-24 to foster investment from this country, announced the Vietnam Chamber of Commerce and Industry (VCCI) at a press briefing in Hanoi May 10. The event also features Vietnam's unique cultural beauty, to bring more tourists from the Northeast Asian country to Vietnam. Within the framework of the event, Vietnam will send a delegation of 100 businesses, led by Deputy Prime Minister Nguyen Sinh Hung, to South Korea to carry out investment promotion activities. The mission will include giant groups such as Vietnam Oil and Gas, Vietnam Post and Telecommunications and Vietnam Coal and Mineral Industries, said Pham Gia Tuc, VCCI Secretary General. As many as 300-400 South Korea companies operating in Vietnam, will also participate in the event, he added. During the stay, the Vietnamese PM will work with South Korean government leaders to implement trade promotion programs in industry, infrastructure, information technology, … [Read more...] about Vietnam Striving to Lure More S. Korean Investors
S Korean expert calls for collaboration in IT software products
Developing high-skilled information technology manpower and a software sector were discussed among experts from South Korea and Viet Nam at a conference in Ha Noi yesterday. The Government wants revenue from the IT industry to reach US$16-18 billion per year by 2020, with local companies capable of making both hardware and software products to operate globally. However, Byeon Hwa Seong, deputy director of the Korean National IT Industry Promotion Agency, pushed for collaboration between IT companies and institutes to enhance the software sector. He also pointed out the Korean IT industry was still weak in core IT technology, semiconductors and software sectors. The industry in SKorea was still monopolised by large enterprises and by hardware products, he said. "Thus, to reach the new software convergence in the IT sector, there are two fundamentals, including strengthening IT human resource and the accompanying growth of large- and small- and medium-sized enterprises," Byeon … [Read more...] about S Korean expert calls for collaboration in IT software products
S. Korea continues to top investment list in Vietnam
South Korea caps the list of 82 foreign investors in Vietnam this year, contributing nearly US$4.2 billion to the nation's total foreign direct investment (FDI) capital of $20.3 billion. South Korea has led the list for two consecutive years with 403 investment projects in 2007. The $4.2-billion capital is the highest figure invested in one year since South Korean investors marked their presence in Vietnam in 1988. … [Read more...] about S. Korea continues to top investment list in Vietnam
Korean building investors think big
Korean investors are looking around Vietnam's property market for opportunities to be involved in large-scale projects, according to the Korean Trade Investment Promotion Agency (KOTRA). "There is a new trend for Korean construction industry investors in 2004 to look towards the Vietnamese market," said Hanoi-based KOTRA deputy director Jung Won-Joon.Jung said Korean investment in Vietnam in general had been increasing in recent years. From the fourth biggest foreign investor in Vietnam in 1998, Korea has emerged as the second biggest in the last five months. Jung said the trend was due to the declining business environment in Korea and companies were seeking opportunities outside the country."China and Vietnam have been popular recently and Vietnam has become a very famous destination in our country," he said.Jung also said KOTRA's promotion of the Hanoi New Town project had raised the profile of Vietnam in Korea. "This is a very promising project to make Hanoi become one of the most … [Read more...] about Korean building investors think big