MADISON – Wisconsin businesses interested in learning more about opportunities in South Korea are invited to attend a Boardroom Brief event on Tuesday, Oct. 29, in Madison.
The session, hosted by the Wisconsin Economic Development Corporation (WEDC) and Wisconsin Manufactures & Commerce (WMC), will provide updates on exporting and other business opportunities in South Korea. In addition, WEDC’s South Korea trade representative, Ken Yang, will conduct private one-on-one sessions with individual businesses to answer specific questions.
The presentation on South Korea and a question-and-answer session will take place from 8 to 10 a.m. at the WMC office, 501 E. Washington Ave. The fee is $15 and registration can be done online at www.cvent.com/d/r4q8g3.
The one-on-one sessions with Yang will take place from 10 to 11:30 a.m. To schedule an appointment, contact Beng Yeap at 608.210.6888 or beng.yeap@wedc.org.
The signing of a Free Trade Agreement between the U.S. and South Korea in 2012 is opening up the doors for many Wisconsin companies. Nearly 80 percent of U.S. exports of consumer and industrial became duty-free after the agreement was reached, and about 95 percent of the products will be duty-free by 2017.
In 2012, Wisconsin exports to South Korea topped $403 million, making the country the state’s 13th largest export destination. Wisconsin exports to Korea have jumped 12 percent since 2010.The top state exports to the South Korea are industrial machinery, medical and scientific equipment, electrical equipment and meat.
About Wisconsin Economic Development Corporation
Wisconsin Economic Development Corporation (WEDC), formed in 2011 as a public-private entity, leads economic development efforts for the state and nurtures business growth and job creation by advancing Wisconsin’s business climate. WEDC partners with 650 economic development organizations throughout Wisconsin to serve businesses looking to start, grow or relocate. WEDC has four focus areas: business and industry development, economic and community development, entrepreneurship and innovation, and international business development. Visit inwisconsin.com or follow WEDC on Twitter @_InWisconsin to learn more.
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