KOICA-KOTRA Launch 'Understanding the New Southern Region' Training Course

On the 26th, at the KOICA Global Human Resources Development Institute in Yangjae-dong, Seocho-gu, Seoul, Cho Sang-woo, Director of the KOICA ODA Education Center (left), and Jeon Byung-je, Director of the KOTRA Academy (right), are taking a commemorative photo after signing an MOU for the joint training program "Understanding the New Southern Region" between KOICA and KOTRA.

[Asia Economy Reporter Lim Cheol-young] KOICA (Korea International Cooperation Agency) and KOTRA (Korea Trade-Investment Promotion Agency) announced on the 27th that they signed an MOU at the KOICA Global Human Resources Development Center located on Heolleung-ro, Seocho-gu, Seoul, to support the entry of our small and medium-sized enterprises into the New Southern Region, and will jointly open an educational course titled ‘Understanding the New Southern Region (ODA·Market Entry Strategy).’

KOICA and KOTRA are each focusing on development cooperation projects and the entry of our SMEs in the region in line with the government’s New Southern Policy based on people, peace, and mutual prosperity. The two organizations are collaborating to enhance public understanding of the New Southern Region and support corporate entry.

On this day, KOICA ODA Education Center and KOTRA Academy signed the business agreement and began preparing for the education. This course consists of △Overview of the New Southern Region △Development cooperation projects in the New Southern Region (ODA, Official Development Assistance) △Economic and investment status in the New Southern Region △Introduction to multicultural trade business, and also explains business entry strategies and how to participate in KOICA projects.

This course will be offered free of charge to participants over two days in May and June, and detailed information will be announced later on the official websites of each organization.

KOICA stated, “KOICA and KOTRA have been steadily cooperating, including conducting training projects together for the mutual prosperity of Korea and developing countries,” and added, “The two organizations will create synergy so that education participants can understand the New Southern Policy and receive practical assistance.”

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