Korea Trade-Investment Promotion Agency

Korea Trade-Investment Promotion Agency

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Last update: Dec 12, 2024 Last update: Dec 12, 2024
General
Contacts
Tenders
Grants
Jobs
Contractors
Pricing strategy

Details

Sectors:Trade
Trade
Types:Private Sector
Private Sector
Status:
Active

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Description

Since its establishment in 1962 as part of the Korea’s first 5-year Economic Plan, KOTRA has been dedicated to creating new export markets and increasing Korea’s trade value, which reached $1 trillion in 2011. In the late 1990s, the agency helped Korea overcome the Financial Crisis by starting its foreign direct investment promotion division. And in the last half century, KOTRA has played a significant role in supporting Korean companies expanding overseas.

Today, the world economy is more volatile than ever due to the European financial crisis, China's hindered economic growth, upcoming elections in 15 countries and security issues in the Middle East. In preparation for a rapidly changing market environment, and using Korea’s expansive FTA network, KOTRA is focusing on the globalization of small and medium sized enterprises(SMEs), the backbone of the Korean economy, by providing them with customized support related to global business establishment and export.

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