NewsWhore
10-14-2011, 03:30 PM
Secretary of state Eddy Martinez visited South Korea recently to consult the government on how to follow the country's model for becoming a strong information technology powerhouse in Asia. "We are seeking to follow Korea's example," said Martinez. "The Dominican Republic has been an agricultural country, but wants to transform to an advanced IT industry-based nation," he said through an interpreter in an interview with The Korea Times.
Martinez traveled to Seoul with fellow government officials and business representatives to take part in an education program at the invitation of the Export-Import Bank of Korea (Korea Eximbank). Martinez heads the DR's Center for Investment and Export. "We want to be a strategic ally of Korea. We hope to have more important relationships with Korean companies," he said.
Martinez said that he is especially interested in South Korea's advanced three-dimensional (3D) technology and digital content business. South Korea's LG Electronics and Samsung Electronics are two of the world's leading companies with high-end 3D technologies.
The secretary of state also said he wants to learn from South Korea's education system, which has produced quality human resources enabling dramatic economic development.
Also attending the discussions was Julio Anibal Fernandez Javier, deputy finance minster of Dominican Republic, who in the interview stated his appreciation of Korea Eximbank for providing the Economic Development Cooperation Fund of US$23 million to his country, which contributed to its customs agency modernization project.
Javier expressed his hope for more loans from South Korea for the modernization of the local immigration agency and trade center construction.
Korea Eximbank said that it has already approved an additional loan of US$25 million for the immigration agency improvement, and is in talks with Dominican Republic on the trade center project, valued at US$36 million.
The Dominican executives heard explanations about the operation of the South Korean small-and medium-sized enterprises (SMEs) support program titled "Korea's Hidden Champions." A hidden champion refers to an SME, which has an internationally competitive market share though its exports are less than $4 billion.
The 12 Dominican Republic officials and businesspeople also visited the main office of Celltrion, a leading biopharmaceutical company based in Incheon, and an example of a Korean hidden champion.
Other visits were scheduled to global Seoul-based companies, including Samsung Electronics and LG Electronics, to look around plants and industrial infrastructure.
Korea Eximbank organized this event as part of its "Knowledge Sharing Program" that introduces the country's experience of economic achievement to developing nations.
More... (http://www.dr1.com/index.html#7)
Martinez traveled to Seoul with fellow government officials and business representatives to take part in an education program at the invitation of the Export-Import Bank of Korea (Korea Eximbank). Martinez heads the DR's Center for Investment and Export. "We want to be a strategic ally of Korea. We hope to have more important relationships with Korean companies," he said.
Martinez said that he is especially interested in South Korea's advanced three-dimensional (3D) technology and digital content business. South Korea's LG Electronics and Samsung Electronics are two of the world's leading companies with high-end 3D technologies.
The secretary of state also said he wants to learn from South Korea's education system, which has produced quality human resources enabling dramatic economic development.
Also attending the discussions was Julio Anibal Fernandez Javier, deputy finance minster of Dominican Republic, who in the interview stated his appreciation of Korea Eximbank for providing the Economic Development Cooperation Fund of US$23 million to his country, which contributed to its customs agency modernization project.
Javier expressed his hope for more loans from South Korea for the modernization of the local immigration agency and trade center construction.
Korea Eximbank said that it has already approved an additional loan of US$25 million for the immigration agency improvement, and is in talks with Dominican Republic on the trade center project, valued at US$36 million.
The Dominican executives heard explanations about the operation of the South Korean small-and medium-sized enterprises (SMEs) support program titled "Korea's Hidden Champions." A hidden champion refers to an SME, which has an internationally competitive market share though its exports are less than $4 billion.
The 12 Dominican Republic officials and businesspeople also visited the main office of Celltrion, a leading biopharmaceutical company based in Incheon, and an example of a Korean hidden champion.
Other visits were scheduled to global Seoul-based companies, including Samsung Electronics and LG Electronics, to look around plants and industrial infrastructure.
Korea Eximbank organized this event as part of its "Knowledge Sharing Program" that introduces the country's experience of economic achievement to developing nations.
More... (http://www.dr1.com/index.html#7)