Ecuador asks Seoul for support to generate 4.0 industry

Ecuadornews:

In order to strengthen commercial, industrial, technological and financial alliances, the Minister of Industries and Productivity, Eva García, developed a work agenda in Seoul.

García remained in the capital of South Korea between August 8 and 10. On her first day of activities, she was received by the vice president of the Korea Foundation, Kang Young-pil. The official expressed the intention to implement in the Ecuadorian industrial sector the digital agenda and industry 4.0, for which she requested cooperation for the exchange of training.

She took advantage of the meeting to highlight the new incentives for foreign investment that are contemplated in the Law of Productive Development. During her stay, García held meetings with government authorities, where they shared experiences related to the challenges and challenges in trade, industry and innovation.

She visited emblematic places such as the National Museum of Korea, the Seoul Tower and the demilitarized zone of South Korea. The Secretary of State socialized the government project “House for all” to the president of the Korea International Cooperation Agency (Koica), Mikyung Lee, who showed his willingness to support him.

On the topics of small and medium enterprises (SMEs), representatives of the Korea International Trade Association (KITA), explained that every year in the country, 100,000 businesses are opened, of which 10,000 are related to science and technology.

On the issue of investment, the president of the Korea Trade Promotion Agency, Kotra Kwon, Pyung-oh, said that local entrepreneurs want to know more about the opportunities offered by Ecuador.

He reported that his country invests $ 43,000 million in the world, however, in Latin America the item is lower compared to other regions. In this regard, it was agreed that the Embassy of Ecuador in Korea hold seminars to promote investment opportunities. Kotra showed his total openness to collaborate with Ecuador in the implementation of Smart Cities. (I)

Source: https://www.eltelegrafo.com.ec/noticias/economia/4/ecuador-cooperacion-seul-oportunidades-inversion