36th Global Development Partnership Forum

Date｜October 1, 2014 Venue｜KRIHS, Seoul The Global Development Partnership Center (GDPC) at KRIHS held the 36th Global Development Partnership Forum at the National Assembly of Korea in Yeouido, Seoul on October 1, 2014. The forum was attended by about 70 participants including Commercial Attache Tith Rithipol of the Cambodian Embassy, Commercial Attache Marcelo Pazos of the Ecuadorian Embassy, and Councilor Eduardo Castaneda of the Peruvian Embassy. President Jo Chang-sang of the IDB Annual Meeting Organization Committee at the Ministry of Strategy and Finance introduced the 2015 IDB Annual Meeting and Director Won Byeong-cheol of the Overseas Construction Finance Division at the Export-Import Bank of Korea made a presentation on the direction of financial support for small- and mid-sized companies for overseas construction project. Before the presentations, Deputy Director Jo Jin-Chul of the GDPC reported on the results of the workshop held in Vietnam and mentioned about Vietnamese real estate management laws and housing laws and the need for urban redevelopment in Hanoi. Then, President Jo Chang-Sang gave his presentation on the IDB Annual Meeting and discussed the status of economic partnership between Korea and Central and South American countries, emphasizing the need for strengthening business collaboration through the IDB Annual meeting. As part of the measures to strengthen business cooperation, President Jo called for active participation of companies in the one-on-one business consultation, which will be provided at the Korea—Central and South America business forum of the IDB Annual Meeting. The final presentation was made by Director Won Byeong-cheol. He discussed difficulties facing small- and mid-sized engineering, plant construction companies and financial support scheme for these companies, and explained that although the number of kinds of financial support programs were on the rise, small- and mid-sized engineering, plant construction companies found it increasingly difficult to benefit from the financial support scheme because an increasing number of large companies began to dominate the benefits offered by the programs. In the Q&A session, Commercial Attache Marcelo Pazos of the Ecuadorian Embassy, Advisor Park Gwan-sik of KOTRA, Director Jo Don-cheol of Jungdo UIT, Director Yang In-kook of SAMBU, and Director Ji Gwang-cheol from the Ministry of Strategy and Finance led a lively discussion. Commercial Attache Marcelo Pazos said that Korean companies’ projects for Ecuador should not be limited to merely building infrastructure but should lead to technology transfer and further investment. He added that it is easy to obtain support from the Ecuadorian government and thus easy to enter into the Ecuadorian market if Korean companies build partnership with Ecuadorian companies. Director Jo Don-cheol of Jungdo UIT asked a question as to whether there is a financial support program exclusively available for small- and mid -sized companies and Director Won Byeong-cheol of Eximbank answered that there is no financial support scheme available only for certain types of companies. The 37th Global Development Partnership Forum is scheduled to be held at Seminar Hall 3 at the National Assembly of Korea on November 5, 2014.

KRIHS President Kim Kyung-Hwan making opening remarks President Jo Chang-sang at the Ministry of Strategy and Finance making his presentation at the forum Director Won Byeong-cheol at the Export-Import Bank of Korea making his presentation Participants from foreign embassies and consulates in Korea listening to the presentation Deputy Director Jo Jin-Cheol at KRIHS reporting the status of the forum