South Korea: Construction/Infrastructure Green and Sustainable Buildings
Monday, 29 November 2010
Soeul, South Korea
Why South Korea?
South Korea is the 4th largest economy in Asia and 15th globally, with a wealthy population. The South Korean Government is determined to ensure that its future development has a low climate impact. Low carbon and green housing are in their infancy in the region and there is a lack of the essential skills, especially design skills, in the country. South Korean companies understand that green housing design and sustainability provide the means to meet forthcoming demands in the market. Furthermore, the South Korean government has initiated a multi-billion dollar green building package. In addition restoration and repair businesses are booming, with plenty of green initiatives.
UK companies able to offer skills and expertise in the sector should find Korean construction companies keen to form partnerships. Indeed a recent UKTI publication identifies 100 Opportunities for UK Companies in South Korea.
Why you should go on this seminar mission?
The focal point of the mission will be a seminar in Soeul. This will be attended by high level delegates from both the public and private sectors, with the key note speech being given by a senior South Korean Government representative. Mission members will be invited to speak during the seminar and will also have the chance to invite contacts to the high-level Embassy Reception. There will also be time in the programme for individual follow-up meetings, which can be arranged with the help of the British Embassy through the OMIS scheme.
This mission offers a ‘first to market’ opportunity following ratification of the EU-Korea Free Trade Agreement (FTA) which is due later this year and will eliminate 97% of tariffs. To date the UK has secured only a modest share of the rich South Korean market probably due to complex regulation and high tariffs. Doing business will become easier. For example, foreign companies will be able to be the primary contractor for all construction activities through a local subsidiary and international standards (ISO, IEC, & ITU) will be accepted. The FTA should be particularly significant for companies offering legal services.
For more information see the booking form below.