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Trade Mission to South Korea


BY Alex Wang [ June 04, 2010 at 02:07:56 ]

• The primary objective of this trade mission is to provide first-hand opportunities to local businesses to interact with Korean businesses and government agencies. This event is sponsored by a Business and International Education (BIE) grant that the Prairie View A&M University Center for International Business Education has received from the U.S. Department
of Education. The grant will cover program costs including lodging and the U.S. Embassy’s matchmaking Gold Key Service (which normally costs $700 for a small company for a single
day of appointments with prospective customers), and the participants will be responsible for their airfare and incidental expenses.

• The trade mission activities will include - market briefings by the U.S. Commercial Service(Korea), individualized export counseling from EAC (Houston), general meetings with Korean
businesses and government leaders, opportunity to present products/services to Korean businesses, and one-on-one meetings with pre-qualified potential Korean buyers.

• Korea is the 8th largest export market for U.S. products and the 7th largest export market for Texas products. The trade mission, therefore, has the potential to present significant export opportunities to our local businesses. The trade mission will target sectors with best prospects for U.S. goods and services, which include, but are not limited to: information technology (IT), biotech, nanotech, drugs and pharmaceuticals, digital TV broadcasting equipment (for terrestrial TV), defense industry equipment, pollution control equipment, semiconductors (nonmemory), automotive parts and accessories, electrical power systems, dental devices and equipment, software, architectural/engineering services, air traffic control systems, cosmetics, travel and tourism, medical equipment, and farm products.

Tentative Program for Korea Trade Mission
Target group: Small businesses located in northwest Houston and Waller County.

Purpose: Provide U.S. firms first-hand opportunities to establish direct contacts with Korean buyers; visit selected markets; identify market needs, opportunities, and trends; and facilitate trade contacts.

Dates: TBA (July/August 2010)

Event partners: PVAMU College of Business, U.S. Export Assistance Center (Houston) and the Houston Northwest Chamber of Commerce.
Program:

Day 1
(Sat)
• Morning: Leave Houston (IAH) for Seoul (Incheon International Airport - ICN).
(Due to a 14-hour time difference between Seoul and Houston, this flight arrives in Seoul the next day)

Day 2
(Sun)
• Afternoon: Arrival in Seoul.
• Evening: Free time.

Day 3
(Mon)
• Morning: Briefing by the staff from the U.S. Embassy (Seoul) and a workshop on “Doing Business in Korea” arranged by the U.S. Chamber of Commerce (Korea).

• Afternoon: Business meeting with Korean Chamber of Commerce & Industry and Korea Trade Association.

Day 4
(Tues)
• Morning: One-on-one business matching with Korea Importers’ Association.
• Afternoon: Meet with pre-qualified potential buyers, agents, and distributors.

Day 5
(Wed) • Morning: Leave Seoul (Incheon International Airport) for Houston (IAH).


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