KOTRA Holds 'Korea-Hubei Green Partnering Plaza' in Wuhan, China

"Turning China's Low-Carbon Policies into Business Opportunities"

[Asia Economy Reporter Park Sun-mi] KOTRA announced on the 17th that it will hold the 'Korea-Hubei Green Partnering Plaza' in Wuhan, Hubei Province, China, to expand the entry of our small and medium-sized enterprises into the inland environmental market in China.

At this event, one-on-one video consultations will be held between domestic companies in the environmental sector and Chinese companies. Fifteen domestic companies and about 30 Chinese buyers will participate in the consultations. A forum on changes in environmental policies in both Korea and China and business cooperation measures will also be held. In collaboration with the Korea Environment Institute and the Hubei Provincial Environmental Science Research Institute of China, efforts will be made to explore opportunities for Korea-China cooperation in the low-carbon sector.

In July last year, following China's low-carbon policy, a carbon emissions trading exchange (company registration and settlement) was established in Wuhan, and Wuhan is emerging as a key hub for China's environmental policy. Hong Chang-pyo, head of KOTRA's China Regional Headquarters, said, “Various environmental business opportunities are expected to be created in line with the Chinese government's low-carbon policy,” adding, “In particular, Wuhan is emerging as a hub for the inland environmental industry, so this project will be a good opportunity for our environmental companies to explore entry into the inland market.”

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