The Korea International Trade Association (KITA, Chairman Jin-sik Yoon) held the 'Korea-India Economic Business Meeting' on the 5th at the Trade Tower in Samseong-dong, Gangnam-gu, Seoul. This event was organized to promote exchanges and business between Korean and Indian businesspeople on the occasion of the visit to Korea by the delegation of the Confederation of Indian Industry (CII), the largest private economic organization in India.
On the Korean side, about 10 executives from major companies with trade relations with India attended the event, including Yoon Jin-sik, Chairman of the Korea International Trade Association, Oh Seok-song, Chairman of Metabiomed Co., Ltd., and Song Ho-geun, Chairman of YG-One Co., Ltd. From the Indian side, 15 people, including HE Amit Kumar, Ambassador of India to Korea, Shiv Siddhant Kaul, Chairman of the Confederation of Indian Industries Korea, and S. Sarathi, President of Anand Group, attended the event and discussed ways for cooperation between companies from both countries.
Chairman Yoon Jin-sik said, “With the reorganization of the global trade order, securing a reliable supply chain has become more important than ever. India, the world’s fifth-largest economy and emerging global innovation hub, is a very important partner.” He added, “We will support the expansion of exchanges between businesspeople from both countries in future industries such as green energy, digital economy, and bio to create synergy.”
Meanwhile, at the meeting held that day, the trade association signed a business agreement (MOU) with the Indian Industry Association and agreed to strengthen cooperation to vitalize business between the two countries, including holding the 'Korea-India Business Forum' in Korea and India each year.
In addition, the Korea International Trade Association has decided to promote the establishment of an India committee. Through the India committee, the association will jointly expand mutual information exchange and business networking with the Korea Committee of the Indian Industry Association, and use it as a channel for regular communication between businessmen from both countries.
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