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Hong Kong and Dongguan promote benefits of southern China to Korean SMEs

'Chairman of the Trade Development Council, Mr Peter Woo (centre), Director General of InvestHK, Mr Mike Rowse (left) and Party Secreatary of the Dongguan Municipal People's Government, Mr Tong Xing (right) co-host a seminar in Seoul promoting the combined advantages of Hong Kong and the Pearl River Delta to Korean SMEs.
Small and medium-sized manufacturers in Korea are demonstrating keen interest to step up partnerships with Hong Kong firms to produce and source more competitively in the Pearl River Delta.

More than 300 Korean SMEs packed a business seminar in Seoul today (Thursday 27), jointly organised by the Trade Development Council (TDC), Invest Hong Kong and the Dongguan Municipal People's Government.

Part of a two-city road show, the event is TDC's first joint overseas mission with a Pearl River Delta city. It aims to introduce the combined advantages of Hong Kong and Dongguan at a time when many Korean manufacturers are seeking to lower production costs.

TDC Chairman Mr Peter Woo opened the event with an overview of the Greater Pearl River Delta for cost-competitive production in China, in combination with Hong Kong's service platform.

The Party Secretary of the Dongguan Municipal People's Government, Mr Tong Xing, described Dongguan's highly developed industrial system, which has already attracted many Korean firms. He outlined the city's future plans to enhance its investment environment.

Invest Hong Kong's Director-General, Mike Rowse opened the second panel focusing on Hong Kong's position as a springboard for Korean SMEs interested in China.

Afternoon sessions provided practical advice from Hong Kong experts on how to manage risk in the China market and included presentations from the Hong Kong International Arbitration Centre, the Hong Kong Society of Accountants and The Law Society of Hong Kong.

A Korean perspective was given by Mr Lee Young, Managing Director of Dream International, a Korean company that has successfully used the Hong Kong and Pearl River Delta for its manufacturing and service operations.

A second seminar is being held tomorrow (March 28) in Suwon, the provincial capital of Gyeonggi (also know as Kyonggi) which is home to over 25% of Korea's SMEs and has a concentration of electronics and high-tech industries.

A delegation of 16 Hong Kong companies from the electronics sector accompanied the mission for a TDC programme of industry visits and Business Matching. The key purpose was to forge partnerships between Korean companies looking to outsource production to China, and to Hong Kong manufacturers with PRD production facilities.

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For press enquiries, please contact TDC's Corporate and Communication Department at 25844510.

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Content provided by Hong Kong Trade Development Council