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Trade Mission to South Korea
South Korea’s economy is ranked the 4th largest in Asia and 13th in the world. South Korea has become a leader in high tech industries, and it is a trailblazer for high-speed and wireless internet. South Korea is one of the most trade dependent countries in the world. Given its robust shipping and air cargo infrastructure, South Korea serves not only as a market destination for U.S. goods and services, but also as a hub for expansion into other markets. U.S. companies can reap the benefits of the Korea-U.S. Free Trade Agreement (KORUS) with 95% of consumer and industrial U.S. products entering duty-free into South Korea. Virginia exports to South Korea in 2024 were valued at $404M.
Top opportunities for Virginia exporters to South Korea include:
- Aerospace and Defense Equipment
- Air Pollution Control
- Cybersecurity
- Education Services
- Energy - Carbon Neutrality Initiatives
- Information and Communication Technology
- Manufacturing Technology - Smart Factory
- Medical Equipment and Devices
- Specialty Chemicals
Registration Deadline
Contact
Frequently Asked Questions
Based on past trade missions, we expect 6-10 Virginia companies to participate. The registration process is ongoing until the trade mission is full or the registration deadline has passed.
The trade mission participation fee is $3,500 per company. The participation fee includes the following:
- Identifying, contacting, and pre-qualifying local distributors, representatives, and/or partners, and organizing your meetings with interested prospects
- A “Doing Business In” briefing on the market(s)
- Your VEDP Trade Mission Leader and in-country consultant on hand during the week to ensure everything runs to plan
- Interpreter (if needed)
All travel expenses, such as airfare, hotels, meals, and individual ground transportation, are paid directly by each participant.
In most cases, you will be traveling independently to the locations of the local companies with which you are meeting. Because most appointments will be held at the companies’ locations, travel and other logistics may prevent each delegate from having a minimum of 3-4 meetings each day of the trade mission.
For travel between meetings, our consultants will recommend the most effective method of transportation. This will likely be a local car/driver.
If required, interpreters will be provided for meetings and are included in your registration fee.
Airline tickets: You book (and pay for) your own airline ticket via a local travel agent or a travel website. If you do not have a travel agent, the Trade Mission Leader can recommend one for you.
Hotels: VEDP will recommend a hotel in each trade mission destination. Each participant is responsible for making their own reservations and paying their own hotel costs. We recommend that all participants stay at the same hotel in order to facilitate logistics and to encourage networking with the group.
Contact your local International Trade Manager or the Trade Mission Leader immediately! We only want you to make the trip if we think there is good market potential for your company. We can perform exploratory market research within a short period of time to verify market potential for you.