Industries |

Fostering Business Opportunities in Jakarta and Beyond

Industries | 26 September 2017

The Korea International Trade Association (KITA) was established in 1946 with the objective of advancing the Korean economy through trade, and is currently the largest business organization in Korea with over 70,000 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 13 domestic offices and 15 overseas branches in major cities - including in Jakarta - 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.

Since Korea’s trade volume reached 1 billion dollars in 1967, the country has achieved remarkable economic growth over the past few decades, becoming the ninth country in the world in 2011 to attain a trillion-dollar trade volume. This signifies a new opportunity for Korea to raise its status in the global economic arena. To create a new paradigm fit for this new chapter in trade, KITA will make its utmost effort to lay the groundwork for future trade through maximizing Korea’s status as an FTA hub, bolstering growth and strengthening support for the Korean trade industry.

The KITA Jakarta Center engages the business communities in the Southeast Asia region, namely Indonesia, Malaysia and the Philippines, to network and partner with Korean companies for trade and investment.

The KITA Jakarta Center also acts on behalf of Korean small and medium enterprises for business facilitation so as to explore potential business opportunities between the companies in Korea and Southeast Asia region.

Mainly, the KITA Jakarta Center focuses on the following fields:

Market Research and Development
To study the trade and economic trends of Southeast Asian countries, thus exploring the growth sectors in potential markets and to identify potential Korean products that can be exported to ASEAN markets, and therefore enhancing the international competitiveness status of Korean products.

Trade Promotion
To promote trade activities, through business meetings, conferences and exhibitions, between Korea and Southeast Asian countries and to facilitate the execution of Free Trade Agreement (FTA) between Korea and Southeast Asian countries.

Business Networking
To establish business networks for the business communities between Korea and Southeast Asian countries, thus supporting trade expansion and partnership.

Member Services
To provide assistance to KITA Headquarters’ member companies through trade consultation and advisory services, thus identifying potential partners for business ventures.

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