Last 24 March 2015, the Korea International Trade Association (KITA) organized a Seminar for Investment in ASEAN 2015. KITA is currently the largest business organization in Korea with over 73,000 member companies. Representing the interests of Korea's global traders, KITA serves a diverse range of roles including: providing hands-on support to trade companies, drawing trade cooperation from the private sector, formulating new trade strategies, nurturing trade professionals and building trade infrastructure. With a widely established network of 12 domestic offices and 9 overseas branches in major cities, KITA has consolidated its position as a leading business organization dedicated to assisting SMEs in gaining foreign market entry and has actively contributed towards Korea's recent achievement of 1 trillion dollars in trade volume.
During the KITA-organized Seminar, five (5) ASEAN Countries presented their respective trade and investment business environments and opportunities.
The Philippines, represented by BOI Director Angie Cayas, updated the Korean business community about current developments and opportunities in ASEAN’s fastest growing economy. More than 100 Korean companies, mostly SMEs, appreciated the information provided by Director Cayas.
A one-on-one business consulting and matchmaking session was also held parallel to the seminar. This was attended by Commercial Counsellor Emmanuel Ang and BOI Director Angie Cayas. A number of Korean companies consulted with the Philippines regarding market access and investment concerns for a wide range of products including construction materials, metal machining products, cosmetics, seaweeds, alcoholic beverages, food, electronics, software development, etc.