Korean beauty clin­ics and food com­pa­nies keen to open branches in Wuhan

Changjiang Weekly - - BUSINESS - By Sue Liu

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.

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