| Korean Government's Guarantee Program on Foreign Currency Liabilities |
Please refer to the attached file about Korean government's guarantee program on the banking sector's foreign currency liabilities which is effective from October 31, 2008 after the approval by the National Assembly.  |
| Korea International Trade Association (KITA) |
| The Embassy of Korea has several resources to help those interested in doing business with Korean companies. |
The KITA is Korean's largest non-profit business association, with a history of 56 years.
Over the past half-century, KITA has grown into a trade promotion agency representing Korean businesses. KITA provides a variety of direct services such as business arrangements
and trade consulting. It also assists trading companies in resolving grievances by reporting
them to relevant government authorities. KITA will continue to enhance public awareness on
the significance of trade in order to foster and promote Korea's commercial potential with the global community. |
It has been and will continue to be the driving force behind Korea's international
trade in the 21st century by building the necessary infrastructure through the training of trade experts, establishing cyber trade infrastructure, hosting international special exhibitions, and implementing new trade strategies. |
| KITA offers several resources for those seeking information on trade with Korea. There is a company directory and trade statistics for Korea, as well as information on upcoming trade exhibitions. |
| For more information on KITA, please visit their English-language website
at http://www.kita.org |
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| Korea Trade-Investment Promotion Agency (KOTRA) |
KOTRA came into being as the Korea Trade Promotion Corporation, a nonprofit governmental organization established June 21st, 1962 to pursue the national policy goals of maintaining the trade balance and building a self-reliant economy. For almost four decades, KOTRA has contributed to the development of the Korean economy through various trade promotion activities, such as trade information, market research services and business matchmaking.
With its long-term experience and expertise, KOTRA stands fully ready to serve and assist all interested parties worldwide to do business with Korea. |
In August 1995, KOTRA added cross-border investment promotion and support for technological and industrial cooperation projects to its mandate, assuming its present name of the "Korea Trade-Investment Promotion Agency.
Since the economic crisis of 1997, the Korean government has been pursuing a strategy of encouraging exports and inducing foreign investment in the belief such a two-fold approach
is the only way to return the country to prosperity and sustainable growth. KOTRA is committed to playing a key role in the implementation of this policy.
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In order to execute its mandate more efficiently, KOTRA has built an extensive worldwide
network of overseas Korea Trade Centers (KTC). Some 98 KTCs operate in 72 countries as of March 2002. |
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| KOTRA NORTH AMERICA |
KOTRA has a strong presence in North America with 12 Korean Trade Centers across the
United States and Canada. These centers can help potential customers in the following areas:
For more information on these services, as well as contact information for the Korean Trade Centers, please visit KOTRA North America's website at http://www.kotra.or.kr |
