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Shanghai holds roundtable for South Korean firms

en.sww.sh.gov.cn | Updated:Sep 13, 2021

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A roundtable meeting is held for South Korean enterprises in Shanghai on Sept 10. [Photo/WeChat account: scofcom]

The Shanghai Municipal Commission of Commerce held a roundtable meeting on Sept 10 for South Korean companies, who are currently operating in the city in East China.

The Shanghai office of Kotra – or the Korea Trade-investment Promotion Agency – as well as eight Korean enterprises took part, including GENESIS, Orion and E-mart.

They raised questions and offered suggestions on new energy vehicles, factory digital transformation, food imports, cross-border e-commerce, cosmetics certifications, the entry and exit of personnel and other fields.

Zong Ming, vice mayor of Shanghai, told the meeting South Korea was one of the top 10 countries investing in the city and she fully acknowledged the support of South Korean enterprises in Shanghai, backing its economic and social development.

Since the start of the year, foreign investment in Shanghai has reportedly seen rapid growth. From January to August, a total of 4,561 international companies were established there, up 30 percent year-on-year, while paid-in foreign investment reached $16.2 billion, up 16.5 percent in the same period.

Zong stressed that Shanghai would continue to provide a better business environment for global companies, including South Korean enterprises.

She urged them to strengthen their resolve in helping to develop Shanghai and to keep investing in the city.

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