Our company’s overseas expansion, pay attention to the new global South market!

The Ministry of Trade, Industry and Energy (Minister Ahn Deok-geun) held the ‘Global South BIG 4 Investment Strategy Forum’ together with the Korea Trade-Investment Promotion Agency at the Lotte Hotel in Jamsil, Seoul on November 13.

Global South is a general term for emerging developing countries such as ASEAN, Africa, Central and South America, and Central Asia. This forum was organized to analyze the investment environment and promising sectors of each country, focusing on the four major countries of the Global South (India, Brazil, Mexico, and Indonesia), and to seek ways for our companies to advance overseas.

The trade policy roadmap announced last August also emphasized expanding economic cooperation with the Global South and establishing trade and mineral cooperation partnerships with major countries.

At this forum, the following were presented: △The strategic importance of the Global South economic zone and investment cooperation cases of the four major countries, △The investment environment and entry strategies of each country in India, Brazil, Mexico, and Indonesia, and △Introduction of major M&A targets. Afterwards, 1:1 business consultations were held for companies wishing to enter overseas markets, which received a great response.

Kim Dae-ja, Director General of the Trade and Investment Office, said, “The Global South is home to over 60% of the world’s population and has abundant resources, so its importance in terms of export markets, production bases, and supply chains will increase in the future,” and emphasized, “The government will not spare any policy support necessary for our companies’ advancement into the Global South.”

Editor. Hong Se-yeong