Korean SMEs keen for Hong Kong partnerships to enter southern China ( 01/04/2003 )
  
 
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TDC Chairman Peter Woo (centre) with InvestHK director-general Mike Rowse and Party secretary of Dongguan Municipal People's Government Tong Xing co-host business seminars in Korea

 
Small and medium-sized manufacturers (SMEs) in Korea showed keen interest to step up partnerships with Hong Kong firms to produce and source more competitively in the Pearl River Delta (PRD) at two recent business seminars in Seoul and Suwon. 

Jointly organised by the Trade Development Council (TDC), Invest Hong Kong and Southern China's Dongguan Municipal People's Government, the road show will promote the combined advantages of Hong Kong and the PRD as a manufacturing base and business platform for Korean SMEs seeking to lower production costs.

It is the first in a series by Hong Kong and PRD cities to explain the competitive advantage in using the Hong Kong/PRD business model to overseas business audiences in East Asia, Western Europe and the US. 

TDC Chairman Peter Woo opened the events with an overview of the Greater PRD for cost-competitive production in China, in combination with Hong Kong's service platform.

The Party Secretary of the Dongguan Municipal People's Government Tong Xing described Dongguan's highly developed industrial system, which has already attracted many Korean firms. He also outlined the city's future plans to enhance its investment environment.

Mike Rowse director-general of Invest Hong Kong, a government agency tasked with attracting overseas investment in Hong Kong, focused on Hong Kong's position as a springboard for Korean SMEs interested in China. 

A Korean perspective was provided by Lee Young, managing director of Dream International, a Korean company that has successfully used Hong Kong and the PRD for its manufacturing and service operations.

Related link:
Invest HK
www.investhk.gov.hk



 
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