NEWS & EVENTS
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2022 GVC US Investment Seminar2022 GVC US Investment Seminar On May 2, 2022 the US Embassy in Korea, KOTRA and ASOK held a 'GVC US Investment Seminar.' During the seminar, each member state provided information on business strategies and opportunities in each state for Korean companies that are interested in looking to expand business into the U.S. A total of over 100 companies participated in the event. All participated states opened up a booth for 1:1 consultation services for domestic companies that are interested in investing in the U.S. For more information, please contact: +82 2 6275 5051 or asok@asok.co.kr
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2022 GVC-US Investment Seminar2022 GVC-US Investment Seminar When: 2022.5.2(Mon) 14:00~17:00 Where: KOTRA B1 International Conference room (Offline) Hosted by: KOTRA, US Embassy in Korea, ASOK CLICK HERE TO SIGN UP : https://moaform.com/q/7Nw1Sq sign up by April 18, 2022 Program 14:00~14:05 | Opening Remark | KOTRA 14:05~14:10 | Welcoming Remark | ASOK 14: 10~14:15 | Congratulatory Remark | US Embassy in Korea Session 1 : Promising Industries in the US with restructured GVC 14:15~14:30 | Overall trends in US manufacturing and promising areas for investment | US Embassy in Korea 14:30~14:45 | Trends and Industry outlook for the US EV (Battery) | HIS MARKIT 14:45~15:00 | Industry outlooks and investment opportunities in the US semiconductor industry | SEMI Vice President Session 2: Panel Discussion with ASOK 15:10~15:50 (40 min) | Group A: Mississippi, Tennessee, Virginia, Oregon, South Carolina, Arkansas Group B: Georgia, North Carolina, Louisiana, Ohio, Washington, Florida(Osceola County) Session 3: 1:1 consultation with ASOK 16:00~17:00 | 15 states to attend (State slogans/promising industries can be found below) Please contact: KOTRA MnA Department 02-3460-7359, dludf77@kotra.or.kr) for any inquiries.
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South Carolina Recruitment Overview 2021South Carolina Department of Commerce has published its 2021 recruitment overview. South Carolina secured 153 projects, USD 5.7bn in investment and 18,338 jobs. The state saw a significant growth in each since 2020 and the capital investment reached the highest in 10 years. Automotive, agribusiness and life science continue to be the leading sectors in attracting businesses into the state. Volvo and BMW made the largest capital investment from abroad. Korea has ranked in the top seven countries from which South Carolina recruited investments with Germany at the top. For more information, please contact: Yun Su Lee | SC Department of Commerce | 미국 사우스캐롤라이나주 상무부 한국사무소 Project Coordinator, Korea | 프로젝트 코디네이터 A: Seoul Finance Center, 4F. 136 Sejong-daero Jung-gu | Seoul 04520 Korea T: +82.(0)70.4322.4415 | C: +82.(0)10.7118.6791 | E: ylee@sccommerce.com www.sccommerce.com
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Pennsylvania Trade Office in Korea is to attend KIMES 2022The Pennsylvania Trade Office in Korea has obtained a booth (D433) at the 37th Korea International Medical & Hospital Equipment Show (KIMES 2022) from March 10-13, to promote and identify new business opportunities for the Pennsylvania businesses. Due to the COVID-19, many companies in overseas are having difficulties to visit or exhibit the trade show. Therefore, the Pennsylvania Korea Office decided to introduce Pennsylvania's promising medical devices or medical-related companies to KIMES 2022. The Pennsylvania Korea Office will promote and introduce 7 Pennsylvania companies that wish to expand their business into the Korean medical market. The companies are manufacturers of various medical-related products such as DNA testing and Thermo Electric Chiller devices, and etc. The Pennsylvania Korea Office’s booth will be located in Hall D on the third floor, booth number D433. For more information, please contact: Min Lee Marketing Specialist - Pennsylvania Korea OfficeOffice of International Business Development Department of Community and Economic Development Commonwealth of PennsylvaniaOffice:+82-2-786-7702 Mobile:+82-10-4822-8557Fax:+82-2-786-7704E-mail: mlee@pennsylvania.or.kr www.pennsylvania.or.kr | www.dced.pa.gov
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2nd Anniversary of SM Lines’ Portland Service LaunchingSM Lines got the 2nd anniversary of Portland Service launching on Dec. 23rd 2019. . This one has been developed by SM Lines to provide some differentiate service than other carriers . Mostly 4,300 teus class vessel have called to POP every week and it became the signature service for SM Lines. Since this service began until last November, SM has shipped 54,000 teus between PUS – POP. It means they called almost 100 times to POP. Major shipped items are automobile parts, batteries, chemical products, furnitures, electronics, cosmetic products and foods. This service has contributed a lot for trade between Korea and Oregon as well. The Oregon Governor Kate Brown visited SM Lines HQ in 2019 to induce this service. . Actually, the Portland Port was disconnected since 2017 but is became very attractive port for many Korean and U.S. companies after SM Lines opened their POP Service. It helps to reduce the cost and time saving. Especially, Portland Port has no congestion as LA Long Beach and other major Ports in USWC. It helps fast cargo management such as discharging and transshipment through the railroad to USEC and Mid-West. SM will reinforce this service even better. They had the three years contract with Port of Portland on last July and will expand cooperation with UP for inland railroad service. Also, they named the new 4,300 teus class vessel as “SM Portland” calling Portland, as well. Ken Park / CEO of SM said SM will reinforce the U.S. inland service and also expand their business continuously.” For more information, please contact:
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LG Chem to build technical support centers in the USA new ABS production plant will be built in US at the Ohio tech center site LG Chem's tech center and ABS facilities to be built by 2023 in Ohio, US LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it will spend 120 billion won ($100 million) to build LG Chem Tech Centers in the EU and the US. The tech centers are essentially technical support facilities aiming to provide optimum and timely support for the clients in the region. LG Chem said that the centers will offer comprehensive technical solutions ranging from product development, quality enhancement to productivity improvement. Both centers will be built on sites larger than 7,600 square meters and will start operation in 2023. LG Chem’s new tech center in America will be built in the state of Ohio, while the one in Europe will be set up in Frankfurt, Germany. Ohio and Frankfurt were chosen for proximity to LG Chem’s key clients as well as for product logistics purposes. LG Chem added that Europe and the US account for more than 20% of its global sales of key strategic products. Each of the centers will have more than 70 R&D professionals who include applied technology experts for extrusion and injection. A range of pilot equipment will be housed within the centers for better-tailored technical support for the clients. The company added that the centers will also act as regional bases to recruit top R&D experts. NEW ABS PLASTIC PRODUCTION COMPOUND TO BE BUILT IN US LG Chem will also invest an additional 60 billion won ($50 million) to build an acrylonitrile butadiene styrene (ABS) production compound in the US at the site of the Ohio tech center. The new plant will annually produce 30,000 tons of ABS from 2023. LG Chem is the global market leader of ABS, a thermoplastic polymer used in cars, home appliances and also as construction materials. While the North American market accounts for more than 10% of the global ABS demand, the local supply volume is far less than the demand in the region. LG Chem said it will review plans to build an additional ABS polymerization plant in the US. “The tech centers will provide optimized technical solutions to the clients in Europe and the US. We will continue to lead in the global market with our key strategic line of products,” said No Guk-rae, head of the petrochemical business at LG Chem. Click here for full press release: https://www.kedglobal.com/newsView/ked202110110002 For more information, please contact:
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Introducing the "Lithium Belt" in North CarolinaNorth Carolina Lithium Belt North Carolina’s Lithium Belt is an historic lithium mining and producing region in the U.S. It is a premier location for lithium extraction and processing due to its rich deposits of spodumene and ideal location with easy access to infrastructure, power, R&D centers for lithium & battery storage, major high-tech population centers, and numerous downstream lithium processing facilities. From the 1950s to 1990s, two major lithium mines operated in this region as well as two significant lithium processing facilities which continue to supply lithium products to customers today. Contact for more information on North Carolina’s Lithium Belt: Hyun-Sook KIMManaging Director–––––Economic Development Partnership of North Carolina, Korea Office O: 02.3497.1650 M: 010.8650.3994E: hskim@impex.or.krKOTRA IKP 404, Heolleung-ro 7, Seocho-gu, Seoul 06792, Korea
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2021 KITA-ASOK Doing Business in the US Seminar2021 KITA-ASOK Doing Business in the US Seminar On November 11, 2021, the Korea International Trade Association (KITA) and ASOK held a 'Doing Business in the US' seminar. During the event, member states provided information on business strategies and opportunities in each state for Korean companies that are interested in looking to expand business into the U.S. All participated states opened up a booth for 1:1 consultation services for domestic companies that are interested in investing in the U.S.
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ASOK - Gyeongsangbuk-do holds Business Forum for domestic Automotive ManufacturersASOK - Gyeongsangbuk-do holds Business Forum for domestic automotive manufacturers On November 11, 2021, ASOK hostedBusiness Forum for domestic automotive manufacturers with Gyeongsangbuk-do at the Gyeongju Hilton Hotel. At the event, Magna Group Korea (an automotive part manufacturer) and 20 other automotive part manufacturers in Gyeongju participated in the event to discuss cooperation and response strategies for the automobile market which now the future involves electric and hydrogen mobility.