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‘Seoul China Investment Week’ Ends in Success, with Nine MOU Agreement…

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Writer 최고관리자 Day17-07-14 16:13 View740

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‘Seoul China Investment Week’ Ends in Success, with Nine MOU Agreements Signed Between Korean Enterprises and Chinese Investors

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Seoul Metropolitan Government (SMG) has announced that ‘Seoul China Investment Week,’ which took place in leading city for high-end technologies Beijing (July 4th~5th) and entrepreneurship mecca Shenzhen (July 6th~7th), ended as a great success, with six Korean enterprises based in Seoul signing nine investment MOUs with Chinese investors during the event. YarnTree (Koreanmall), a Korean e-commerce enterprise, was also able to secure

investment through the event.

 

Chinese investors expressed great interest in the technologies of Korean SMEs, as five investment MOUs were signed between four Korean enterprises and Chinese companies in Beijing on July 5th (Wed), and four more were signed in Shenzhen on July 6th (Thu).

 

 

□ First, Gridspace Inc., a company that specializes in simulators, signed four investment MOUs with Chinese investors on expansion to the Chinese market, including:

 

▲ MOU with Guangzhou Xinzhou Trading Co., Ltd., for retail agent partnership on Gridspace Aviation Control and other aviation-related simulators and simulation systems, and

▲ MOU with Shenzhen Yuanhao Science and Technology Co., Ltd., for the adoption of Gridspace’s technology on Yuanhao’s parachute simulator, training simulation for the disabled, and agricultural machinery simulator, and promotion of the joint development of new products.

 

Dot, a smart braille device company, signed an MOU with Sun Network1), a Chinese enterprise established in 2004, on cooperation in the supply of multimedia education material for visually impaired Chinese. 

 

YarnTree (Koreanmall), an e-commerce company, signed a tripartite MOU with KOGLO and KJY (Shenzhen KJY E-Commerce Co., Ltd.), and was selected as the partner for the vitalization of Koreanmall and the entry of Chinese products into Korean markets, through interconnection with renowned Chinese e-commerce channels. YarnTree secured an investment from KJY (listed company) after a one-on-one consultation.

KJY, established in 2013, is expanding its business based on its international logistics service in China, its cloud-based logistics system, and its e-commerce financial service platform. With a rapid growth that has led it to become known as one of the major groups in China, KJY’s partnerships with various international e-commerce companies in China are increasing hopes for synergies arising from this MOU.

 

The competency of the participating Korean companies and the Chinese investors’ actual intention to invest are considered the main reasons why such excellent outcomes were achieved, despite the limited schedule.

SMG has provided Korean SMEs and start-ups selected for the program with professional consulting sessions for 4 weeks, including competency analysis and market assessment, which helped the companies to effectively and precisely present their technologies and strengths during the one-on-one consultation sessions with Chinese investors.

A total of 160 Chinese investors participated in the event, including: Cogobuy.com (IngDan), China’s biggest electronics manufacturing industry accelerator and e-commerce service platform; Guangzhou Tianhe Information Science and Technology Co., Ltd (Zhuguang Group), an international e-commerce platform established by Guangdong Zhuguang Group; and Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP), a company with total sales of more than KRW 1,000 billion.

Seoul Metropolitan Government is making various efforts to support the growth and overseas expansion of Korean SMEs and start-ups located in Seoul, with ‘Seoul China Investment Week’ being one of them,” exclaimed Dong-rok Seo, the director of Seoul Metropolitan Government Economic Planning Board, who added that “SMG will continue its efforts to expand these opportunities for competent Korean SMEs and start-ups to interact with investors.

1) Sun Network sees Chinese multimedia education market for the visually impaired as a New Blue Ocean, considering that the government-led

investment in social welfare is expanding based on rising national incomes in China.

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