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Danish Business Delegation to Korea - Danish Design Association

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Save the dates 13-16 May 2012 for T.R.H. the Crown Prince Couple’s visit <strong>to</strong> <strong>Korea</strong><br />

<strong>Danish</strong> <strong>Business</strong> <strong>Delegation</strong> <strong>to</strong> <strong>Korea</strong><br />

13 - 16 May 2012


<strong>Danish</strong> <strong>Business</strong> <strong>Delegation</strong> <strong>to</strong> <strong>Korea</strong><br />

Save the dates 13-16 May 2012 for T.R.H. the Crown Prince Couple’s visit <strong>to</strong> <strong>Korea</strong><br />

We are very pleased <strong>to</strong> inform you of<br />

a unique opportunity for the <strong>Danish</strong><br />

business community <strong>to</strong> establish or<br />

strengthen commercial ties <strong>to</strong> <strong>Korea</strong><br />

in connection with H.R.H. Crown<br />

Prince Frederik and H.R.H. Crown<br />

Princess Mary’s visit <strong>to</strong> <strong>Korea</strong> in May<br />

2012.<br />

The visit will attract much public<br />

attention in <strong>Korea</strong> and be a rare<br />

opportunity <strong>to</strong> highlight <strong>Danish</strong><br />

key competencies and solutions <strong>to</strong><br />

potential <strong>Korea</strong>n cus<strong>to</strong>mers and<br />

partners at the highest level.<br />

The visit takes place at a time of keen<br />

interest in Denmark and <strong>Danish</strong><br />

products and know-how following<br />

the very successful State Visit <strong>to</strong><br />

Denmark of <strong>Korea</strong>n President Lee<br />

Myung-bak in May 2011 during<br />

which a bilateral Strategic Partnership<br />

and Green Growth Alliance was<br />

established.<br />

<strong>Korea</strong> is the 15 th largest economy in<br />

the world and has proven <strong>to</strong> be one<br />

of the most resilient economies <strong>to</strong><br />

the current global economic slowdown<br />

maintaining a steady economic<br />

growth prospect in 2011 and beyond.<br />

The <strong>Korea</strong>n business community<br />

has established itself as a global<br />

frontrunner in sec<strong>to</strong>rs as the shipbuilding,<br />

au<strong>to</strong>motive, construction<br />

and electronics industries and has<br />

now set equally ambitious targets<br />

for future growth areas such as e.g.<br />

clean technology, biotechnology and<br />

design.<br />

Partnering with a <strong>Korea</strong>n company<br />

not only targets the <strong>Korea</strong>n market<br />

but the wider global markets on<br />

which the <strong>Korea</strong>n business community<br />

is well-established.<br />

Furthermore the 50 million sophisticated<br />

<strong>Korea</strong>n consumers have a<br />

purchasing power that is close <strong>to</strong> the<br />

level in Denmark and an increasing<br />

demand for high-end products and<br />

services that are <strong>Danish</strong> strongholds,<br />

style<br />

items <strong>to</strong> mention a few.<br />

With the implementation of the EU-<br />

<strong>Korea</strong> Free Trade Agreement (FTA)<br />

in July 2011 - the most far-reaching<br />

agreement ever entered in<strong>to</strong> by the<br />

EU - possibilities on the <strong>Korea</strong>n market<br />

for <strong>Danish</strong> exporters have never<br />

been better.<br />

Be sure <strong>to</strong> save the dates 13-16 May<br />

2012 so as not <strong>to</strong> miss the opportunity<br />

<strong>to</strong> be part of the business<br />

delegation accompanying T.R.H. the<br />

Crown Prince Couple on their visit<br />

<strong>to</strong> <strong>Korea</strong>. The presence of T.R.H. the<br />

Crown Prince Couple will ensure<br />

that the events in Seoul are attended<br />

by key decision makers from relevant<br />

public authorities and private<br />

companies.<br />

BUSINESS PROGRAM<br />

Architecture,<br />

<strong>Design</strong><br />

and lifestyle<br />

Cleantech<br />

Smart<br />

Cities<br />

Life<br />

Science<br />

Defence<br />

Technology<br />

Food<br />

Technology<br />

& Food<br />

Safety<br />

<strong>Design</strong> Food &<br />

Lifestyle<br />

2


<strong>Danish</strong> <strong>Business</strong> <strong>Delegation</strong> <strong>to</strong> <strong>Korea</strong><br />

Save the dates 13-16 May 2012 for T.R.H. the Crown Prince Couple’s visit <strong>to</strong> <strong>Korea</strong><br />

The relevant export promotion and<br />

trade organisations covering the<br />

targeted areas of clean technology,<br />

life science, defence, design and<br />

lifestyle, smart cities as well as food<br />

techno-logy and food safety will join<br />

forces <strong>to</strong> provide participating <strong>Danish</strong><br />

companies a range of business<br />

related activities during the visit.<br />

These include targeted sec<strong>to</strong>r seminars,<br />

individual B-<strong>to</strong>-B meetings,<br />

exhibitions as well as a high-level<br />

business lunch and reception in the<br />

presence of T.R.H. the Crown Prince<br />

Couple and with the possibility of<br />

inviting <strong>Korea</strong>n guests and potential<br />

business partners.<br />

The visit will also be an occasion<br />

<strong>to</strong> hold the second meeting of the<br />

<strong>Korea</strong>n <strong>Danish</strong> Green Growth Alliance<br />

following up on the inaugural<br />

meeting held in Copenhagen in May<br />

2011.<br />

Keep an eye out for the formal invitation<br />

with full program and registration<br />

form which will be distributed<br />

by Export Promotion Denmark and<br />

relevant organizations before the end<br />

of the year.<br />

ARCHITECTURE, DESIGN<br />

AND LIFESTYLE<br />

Architecture, design and lifestyle is<br />

of immense interest in <strong>Korea</strong>. Successful<br />

industrial design is part of the<br />

explanation for the increasing global<br />

popularity of <strong>Korea</strong>n brands within<br />

e.g. the au<strong>to</strong>motive and electronics<br />

industry. Whether for the globally<br />

oriented <strong>Korea</strong>n industry or construction<br />

sec<strong>to</strong>r, sourcing solutions<br />

and partnering with foreign architects<br />

and design teams has become<br />

key <strong>to</strong> the <strong>Korea</strong>n business communities’<br />

ability <strong>to</strong> maintain a global<br />

competitive edge.<br />

Furthermore, the 50 million <strong>Korea</strong>n<br />

consumers have a sophisticated taste<br />

and a high propensity <strong>to</strong> consume<br />

and are increasingly diversifying<br />

their spending habits <strong>to</strong> include<br />

high-end imported articles ranging<br />

not only clothing and accessories,<br />

but also interior design items and<br />

<br />

purchasing power.<br />

CLEANTECH<br />

Clean energy is one of the main<br />

focus areas during the visit <strong>to</strong> <strong>Korea</strong>.<br />

As initia<strong>to</strong>rs of the Global Green<br />

Growth Alliance <strong>Korea</strong> and Denmark<br />

has pledged themselves <strong>to</strong> pur-<br />

<br />

energy solutions and making them<br />

globally available.<br />

<br />

cleantech companies have a lot <strong>to</strong><br />

<br />

and documented solutions. Opportunities<br />

are especially attractive in<br />

the sec<strong>to</strong>rs of windpower and district<br />

heating. But overall <strong>to</strong>ols and solu-<br />

<br />

is demanded, as the <strong>Korea</strong>n industry<br />

requires enormous amounts of<br />

energy and is heavily dependent on<br />

<br />

<strong>Danish</strong> technology and know-how<br />

can help <strong>Korea</strong> overcome its energy<br />

<br />

major business opportunities for<br />

<strong>Danish</strong> cleantech companies.<br />

SMART CITIES<br />

Cities comprise complex urban<br />

systems involving energy production<br />

and consumption, transportation,<br />

<br />

types of social interaction, <strong>to</strong> mention<br />

but a few. Managing, maintaining<br />

and developing these systems<br />

pose various challenges for everyone<br />

involved. This is particularly the case<br />

as cities become more populated,<br />

denser and bigger.<br />

<strong>Korea</strong> and Denmark have a lot in<br />

common; approximately 83% of the<br />

<strong>Korea</strong>n population lives in cities, and<br />

in Denmark the number is 87%. For<br />

both countries, sustainability is no<br />

longer a choice: it is a must. As urbanization<br />

continues <strong>to</strong> increase and<br />

<br />

sustainable solutions for building<br />

<br />

a key priority. The Smart Cities<br />

Seminar therefore aims at bringing<br />

<strong>Korea</strong>n and <strong>Danish</strong> companies and<br />

decision makers <strong>to</strong>gether in order<br />

<strong>to</strong> expand the frontier of smart and<br />

sustainable city planning.<br />

LIFE SCIENCE<br />

The <strong>Korea</strong>n Government has chosen<br />

the bio-tech sec<strong>to</strong>r as one of the main<br />

business and research priorities for<br />

the future. As a consequence of the<br />

political focus, the industry has developed<br />

a solid foundation in areas<br />

of education, research and commercialization.<br />

The sec<strong>to</strong>r is supported<br />

by <strong>Korea</strong>s highly advanced IT-sec<strong>to</strong>r<br />

and government initiatives such a<br />

tax-free zones and research grants.<br />

The sec<strong>to</strong>r shows highly promising<br />

growth rates at 20% yearly and is expected<br />

<strong>to</strong> maintain pace as products<br />

3


<strong>Danish</strong> <strong>Business</strong> <strong>Delegation</strong> <strong>to</strong> <strong>Korea</strong><br />

Save the dates 13-16 May 2012 for T.R.H. the Crown Prince Couple’s visit <strong>to</strong> <strong>Korea</strong><br />

and solutions are introduced <strong>to</strong> the<br />

world market. The fast development<br />

presents exciting business opportu-<br />

<br />

know-how or already commercialized<br />

products.<br />

DEFENCE TECHNOLOGY<br />

The <strong>Korea</strong>n government has actively<br />

supported its defence industry for<br />

the last 40 years and encouraged<br />

military research and product development.<br />

The result is a healthy<br />

amount of companies producing<br />

defence equipment and technology.<br />

Through the last years <strong>Korea</strong>n companies<br />

have secured major contracts<br />

<br />

battle tanks <strong>to</strong> both Turkey and<br />

Indonesia and therefore having a<br />

<br />

economy. With large productions<br />

capabilities already in place in<br />

<br />

<br />

advanced software-, communication-,<br />

surveillance- and moni<strong>to</strong>ring<br />

technology.<br />

FOOD TECHNOLOGY AND<br />

FOOD SAFETY<br />

Food safety is a major issue in <strong>Korea</strong><br />

and the <strong>Korea</strong>n food and agriculture<br />

sec<strong>to</strong>r is currently investing extensively<br />

<strong>to</strong> meet the demands set by<br />

<br />

legislation. Food manufacturing<br />

in general and slaughterhouses in<br />

particular are therefore areas where<br />

<strong>Danish</strong> experience, know-how and<br />

solutions are needed. Outdated<br />

<strong>Korea</strong>n slaughterhouses are currently<br />

being consolidated in<strong>to</strong> fewer,<br />

larger and more modern facilities<br />

by 2015 and <strong>Danish</strong> technology is<br />

already playing a key role in the process<br />

with the possibility of playing<br />

an even more central role in years<br />

ahead.<br />

The legislation concerning slaughterhouses<br />

is expected <strong>to</strong> be further<br />

strengthened before the end of 2011<br />

as regards requirements for the collection<br />

of blood providing further<br />

export opportunities for <strong>Danish</strong><br />

meat technology.<br />

T.R.H. the Crown Prince Couple’s<br />

visit will provide an unique opportunity<br />

<strong>to</strong> strengthen the relationships<br />

<strong>to</strong> key <strong>Korea</strong>n decision makers and<br />

establish Denmark and <strong>Danish</strong> meat<br />

related technology.<br />

FOOD<br />

The Free Trade Agreement between<br />

the EU and South <strong>Korea</strong> from Febru-<br />

<br />

Asian country, and the most comprehensive<br />

of its kind. South <strong>Korea</strong> is<br />

the 15 th largest economy, and characterised<br />

as one of the Next 11 growth<br />

markets. This agreement will gradu-<br />

riers,<br />

greatly improving the access of<br />

food and agricultural products <strong>to</strong> this<br />

very attractive market.<br />

<br />

<br />

7,5 bill. DKK were removed, and<br />

it is estimated that European food<br />

and agriculture exporters will save<br />

around 380 mill. DKK annually as<br />

a direct consequence of the lowered<br />

<br />

this will position South <strong>Korea</strong> as the<br />

4th most important market outside<br />

Europe after USA, China and Japan.<br />

Currently, the <strong>Danish</strong> pig meat sec<strong>to</strong>r’s<br />

annual export <strong>to</strong> <strong>Korea</strong> reaches<br />

145 mill. DKK, while the equivalent<br />

for the <strong>Danish</strong> dairy sec<strong>to</strong>r amounts<br />

<strong>to</strong> 25 mill. DKK.<br />

4


If you are interested in the above export campaign please send us the following information per email <strong>to</strong> ms@ees.dk:<br />

Company name:<br />

Contact person:<br />

Title:<br />

Dir. tel.:<br />

Dir. e-mail:<br />

The above is a non-binding confirmation of your interest in participating in the <strong>Danish</strong> business delegation that will<br />

accompany T.R.H. the Crown Prince Couple’s visit <strong>to</strong> <strong>Korea</strong>, 13 - 16 May 2012.<br />

IF YOU HAVE ANY QUESTIONS PLEASE DO NOT HESITATE TO CONTACT US:<br />

Embassy of Denmark, <strong>Korea</strong><br />

Thierry Hoppe · Commercial Counsellor / Deputy head of Mission ·<br />

E-mail: thihop@um.dk / selamb@um.dk · tel.: ++82 2 795 4187<br />

Peter Lysholt Hansen · Ambassador · E-mail: pelyha@um.dk / selamb@um.dk · tel.: ++82 2 795 4187<br />

<strong>Danish</strong> Agriculture & Food Council<br />

Mette J. Gammicchia · Market Development Manager · E-mail: mjg@lf.dk · tel.: +45 3339 4268<br />

Confederation of <strong>Danish</strong> Industry<br />

Jakob Engel Schmidt · Adviser · E-mail: jaes@di.dk · tel.: +45 3377 3446<br />

Export Promotion Denmark<br />

Michael Stahlschmidt · Event Manager · E-mail: ms@ees.dk · tel.: +45 2124 1711<br />

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