Korean beauty clinics and food companies keen to open branches in Wuhan
The 2018 Korea Brand Franchise Fair was held on April 16 in Wuhan. Ten representatives from Korean enterprises visited Wuhan and communicated with interested locals. The event attracted over 40 enterprises from China to attend.
Held by KOTRA, the fair offered a platform for Korean beauty clinics and food companies from all around the Republic of Korea to establish potential cooperative ventures with enterprises in Hubei. During the event, Korean companies also learned about investing and trading in the Chinese market. Most of the attendees have already invested in other areas of China. According KOTRA, over 70 Korean enterprises have invested in Wuhan, with most of the investments going to the chemical engineering, electronics, and microchip industries. While the city still draws Korean companies, more entrepreneurs want to expand their businesses in Wuhan.
This event is an important annual joint activity and serves as a platform for better communication between think tanks from the two countries. It also promotes cooperation between enterprises from the two countries in the fields of business and trade.