The Korea International Trade Association (KITA), led by Chairman Christopher Koo, invited 10 heads of diplomatic missions from ASEAN countries to a networking event on May 19 at the Grand Walker-Hill Hotel in Gwangjin-gu, Seoul.
The networking event was participated by Christopher Koo, KITA Vice Chairman Lee Gwan-seop and CEOs from companies holding KITA corporate chairmanship, including SeAh Steel, Exiqon and Meta Biomed.
They engaged in business networking and discussions on future cooperation with 10 heads of diplomatic missions from ASEAN countries in Korea - Laos, Myanmar, Brunei Darussalam, Singapore, Vietnam, the Philippines, Cambodia, Indonesia, Thailand and Malaysia.
Chairman Koo said during the event, “Korea and ASEAN sought development as a single community over the past half a century and managed to turn crisis into opportunities.”
Koo expressed gratitude by mentioning, “Well-functioning Korea - ASEAN cooperation can be materialized and maintained by the contributions made by the heads of diplomatic missions through vigorously engaging in various types of activities and investing efforts to forge closer friendly ties with Korea.”
Over the past 10 years, bilateral trade between Korea and the ASEAN has gradually increased, which expanded from 124.9 billion dollars in 2011 to 176.5 billion dollars in 2021. This year has already posted the largest bilateral trade yet with two-way trade reaching 71.6 billion dollars as of April.