According to Yonhap News,
(SEOUL=Yonhap News) On July 29, the Korea Trade-Investment Promotion Agency (KOTRA) announced it held the "KOTRA-LA Business Partnership" event with the city of Los Angeles at The Plaza Hotel on July 27.
The event was held as part of the efforts to strengthen economic cooperation between Korean and American local governments in the midst of heightened protectionism under the Trump administration.
California accounts for 22% of all trade between Korea and the U.S., and is the most active out of all 50 states in terms of trade with Korea.
The economic delegation to L.A. comprised 11 public institutions and 11 companies.
The delegation held business consultations with 22 Korean companies interested in doing business in California or looking to attract investment.
Yong Kook Kim, Head of Invest Korea, gave a presentation about Korea's economy and business environment at the event and proposed economic cooperation measures through investment exchanges between Korea and the U.S.
bluekey@yna.co.kr
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
** This article was translated from Korean.
Source: Yonhap News (July 29, 2018)