Worldwide Video Conference Gathers in Changwon... Changwon Special City Goes All Out to Attract Massive Capital

Korea-World Chamber of Commerce Business Week

Held in Changwon Special City in November

In November, a large number of global Hwasang (overseas Chinese merchants) composed of major capitalists are expected to flock to Changwon Special City, Gyeongnam.

Changwon Special City announced on the 12th that the "2023 Korea-World Hwasang Business Week" (hereinafter referred to as the 2023 event), a business exchange event between global Hwasang and domestic companies, will be held for four days from November 22 to 25 at the Changwon Convention Center and throughout Changwon Special City.

Changwon Special City Hall, Gyeongnam.

Co-hosted by Changwon City, the Korea Chinese Chamber of Commerce, and the Korea Busan-Ulsan-Gyeongnam Chinese Chamber of Commerce, this event is expected to see the participation of CEOs from major global Hwasang companies. In particular, the event preparation team (Changwon City, Korea Busan-Ulsan-Gyeongnam Chinese Chamber of Commerce), which was dispatched to the 16th World Hwasang Conference held in Bangkok, Thailand, last June, confirmed on-site that the next-generation leaders of Hwasang companies hope to expand industrial exchanges and investments with South Korea.

Hwasang, one of the world's three major merchant groups along with the Jewish and Arab merchants, controls an economic power with assets totaling 2,400 trillion won and dominates 70% of Southeast Asia's economy. Changwon City expects this event to be a great opportunity to form business partnerships between domestic companies and Hwasang.

◆ Preparations for the event continuing since last year

Since January this year, Changwon City has been coordinating the schedule of the 2023 event with the chair country of the World Chinese Chamber of Commerce and conducting business consultations with related local organizations to discover demand for Hwasang trade.

Additionally, promotional activities targeting Chinese Chambers of Commerce worldwide to encourage participation in the event have been continuously carried out. Last year, visits were made to the Chinese Chambers of Commerce in Singapore and Malaysia to promote and invite participants to the event, and this year, the Chinese Chambers of Commerce from the UK and Malaysia visited Changwon City, expressing active interest in the event.

◆ Slogan: "Coexistence and Prosperity, Towards the World!"

The 2023 event will consist of a spectacular opening and closing ceremony blending Korean and Hwasang cultures, corporate exhibitions such as special promotional halls and business support centers, business events including investment briefings and PR shows, various forums for joint prosperity between Korea and Hwasang, and industrial tours of companies and research institutes.

In particular, alongside offline events, the online B2B platform "HwasangNet (KWCE.NET)" will be operated, allowing companies to check product information and enabling online exchanges through one-on-one video meetings between interested companies.

Furthermore, Changwon City plans to actively support practical business exchanges by introducing various key industries of Changwon, ranging from IT, finance, logistics, real estate, shipbuilding, to K-content, to attract massive Hwasang capital.

Na Jaeyong, Director of the Economic and Job Creation Bureau, said, "Changwon City is preparing the 2023 event to support major companies struggling to enter the global market and to revitalize the local economy through attracting overseas capital," adding, "We urge many domestic companies to participate. We will do our best to prepare the event so that Changwon, the economic hub of Northeast Asia, can become a foothold for Korea-Hwasang business."

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