KCCI "Expanding Korea-Colombia Economic Cooperation on the Occasion of President Duque's Visit to Korea"

Five Economic Organizations Including the Korea Chamber of Commerce Hold the 'Korea-Colombia Trade and Investment Forum'

[Asia Economy Reporter Hwang Yoon-joo] On the 25th, the Korea Chamber of Commerce and Industry (KCCI) and four other major economic organizations held the 'Korea-Colombia Trade and Investment Forum' at the Four Seasons Hotel, inviting Colombian President Iv?n Duque M?rquez, who is on a state visit to Korea.

On the Korean side, Minister of Trade, Industry and Energy Moon Seung-wook and Woo Tae-hee, Executive Vice Chairman of KCCI, the co-host organization, along with vice chairmen from the Korea International Trade Association, Federation of Korean Industries, Korea Federation of SMEs, and Korea Association of Mid-sized Enterprises attended. More than 20 representatives from companies, including Sohn Kyung-shik, Chairman of CJ Group, and Joo Si-bo, CEO of POSCO International, also participated.

On the Colombian side, President Duque was accompanied by 19 government and economic delegates, including Mar?a Jimena Lombana, Minister of Commerce, Industry and Tourism; Diego Mesa Puyo, Minister of Mines and Energy; Rodolfo Enrique Zea Navarro, Minister of Agriculture; Mar?a Paula Correa, Chief of the Presidential Office; and Nicol?s Uribe, Chairman of the Bogot? Chamber of Commerce.

In his opening remarks, Vice Chairman Woo Tae-hee stated, "Colombia is one of the three largest domestic markets in Latin America and is geographically located at the 'heart' of South America, making it an optimal foothold for entry into Latin America." He added, "KCCI signed an MOU with the Bogot? Chamber of Commerce and the Economic Cooperation Committee on the occasion of the Colombian president's state visit, pledging to expand active exchanges between companies of both countries."

Nicol?s Uribe, Chairman of the Bogot? Chamber of Commerce, also said in his congratulatory speech, "Colombia has always regarded Korea as an ideal growth model," and added, "We are very honored to establish a cooperative relationship with KCCI, Korea's representative economic organization, on the occasion of President Duque's visit."

Additionally, the forum discussed ways for Korean companies to enter the Colombian market. Lee Seung-ho, a research fellow at the Korea Institute for International Economic Policy, emphasized, "Colombia is a close ally of the United States with high-quality labor and geographical proximity. For companies considering entry into the North American market, Colombia is a very attractive country."

Kang Seok-gu, Director of the International Trade Headquarters at KCCI, said, "On the occasion of the Colombian president's state visit, we hope that Colombia, with its domestic market and geopolitical advantages, will be recognized as an attractive investment destination for Korean companies seeking new growth opportunities."

This content was produced with the assistance of AI translation services.