Learn about opportunities for the marine sector in South Korea, 3rd September 2014, Southampton
The UK Ambassador to the Republic of Korea, Scott Wightman will be hosting an event in Southampton focussing on the marine sector which has been experiencing rapid growth and has the potential to develop in to an important market for UK products. He will be joined by David Lee, CEO of the British Chamber of Commerce on South Korea.
The event will take place on Wednesday 3rd September 2014 at 9.30-15.00 at the Holiday Inn, Herbert Walker Ave, Southampton.
South Korea is the world's 12th largest economy, and fourth largest in Asia. The South Korean economy will be the 10th largest contributor to world growth over the next five years, comparable to that of the UK, and greater than France or Italy.
While the Korean leisure marine industry is at an early stage of development, it is currently experiencing rapid growth and has the potential to develop into an important market for UK products.
With continued growth, there may be significant potential in the market for UK luxury boat, yacht and accessory products, as well as in the fields of marina design, investment and operation. British yacht makers such as Princess Yacht, Fairline and Sunseeker have already established representation in the Korean market.
Over the past 10 years (2004-2013) UK goods exports to South Korea have risen 232 per cent). In 2012, South Korea made the single largest contribution to UK goods export growth, which was followed by exports reaching a new historical peak in 2013.
South Korea is the third largest market in Asia/Oceania for UK exports (excluding the transport hub of Hong Kong) and the 13th worldwide overall. Over the last 45 years, the UK has been the second largest EU investor in South Korea, in cumulative terms.
There will be an opportunity to receive tailored one-to-one advice with market experts and learn about the opportunities available for UK companies in South Korea, particularly in the marine sector.
The event is free to attend by calling 01489 661 405 or emailing overseas@uktisoutheast.com
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