India holds festivals across Korea

The Indian Embassy kicked off its first cultural festival Monday evening at the Millennium Seoul Hilton in Jung District, inviting the public to a week-long series of music, dance, yoga, film and modern Indian cuisine.

The 1st Festival of India in Korea, themed “Sarang,” will run through Sunday in Seoul, Busan and Chuncheon in Gyeonggi, with each city featuring different programs.

“Sarang means ‘love’ in Korean,” Indian Ambassador Vikram Doraiswami said Monday at the inaugural ceremony. “It’s also a Hindi word that means ‘colorful.’ So sarang exemplifies the modern and historical relationship between India and Korea.”

That reglationship goes back to A.D. 48, when Korea’s King Suro of Geumgwan Gaya married Princess Suri Ranta from the Indian kingdom of Ayodhya.

The theme “also depicts the magical colors that are India,” the ambassador continued, “and that is Indian culture.”

“Our hope is that, with this first experimental cultural festival, we in the future will have a space and foothold in the vibrant cultural market in Korea.”

Doraiswami said he hopes the event “energizes the two-way flow of ideas, commerce and people” between the Asian countries.

“The Indian Food Fiesta” will run through Sunday at the Millennium Seoul Hilton, featuring a broad spectrum of food, teas and desserts cooked by professional Indian chefs that have catered meals for former U.S. president Bill Clinton, Jordan’s Queen Rania and American talk show host Oprah Winfrey.

“Drums of India,” an ensemble of percussion instruments, will hold live performances at the Busan Cinema Center on Wednesday at 7 p.m.; at the Lotte Department Store in Bucheon, Gyeonggi, on Friday at 2 p.m.; and on Nami Island in Chuncheon on Saturday and Sunday at 11:30 a.m. and 2:30 p.m.

The “Bollywood Dance Workshop” will teach visitors about the choreography so vital to Indian cinema at the Busan Cinema Center on Wednesday at 5 p.m.; at the Millennium Seoul Hilton at 7 p.m. on Friday; and on Nami Island on Saturday and Sunday at 11 a.m. and 1:30 p.m.

In “Odissi Dance,” an Indian dancer will show how to perform one of the oldest dance traditions in the world at the Busan Cinema Center on Wednesday at 7 p.m. and at the Lotte Department Store in Bucheon on Friday at 2 p.m.

Doraiswami will give a lecture entitled “India for a Billion Reasons” at Hankuk University of Foreign Studies in Seoul on Friday at 3:30 p.m.

“Rajasthan Josh” will demonstrate the folk music traditions of northwestern India at the Millennium Seoul Hilton on Friday at 6 p.m. and on Nami Island on Saturday and Sunday at 1 p.m. and 3 p.m.

Yoga classes will be offered at the Millennium Seoul Hilton on Saturday from 10 a.m. to noon and on Nami Island on Saturday and Sunday at 11:30 a.m. and 2:30 p.m. Entry for Nami Island’s program will be charged.

Six Indian films will be screened at the Lotte Department Store in Yeongdeungpo District, western Seoul, from Wednesday through Friday at 11 a.m., 2 p.m. and 6 p.m.

For more information about the festival, visit the Indian Cultural Center at http://indoculture.org/index_eng.php.

source:Korea Joongang Daily

허황옥 후손 한국인, 한·인도 관계 발전의 큰 힘

아시아투데이 인도 뉴델리 하만주 특파원 = 인도문화교류위원회(ICCR)가 14~15일 양일간 인도 뉴델리 인도국제센터에서 개최한 국제컨퍼런스에는 한·인도 양국의 전문가들이 총출동했다. 개막식에는 아닐 와드화 인도 외교부 차관, 나게샤 라오 파르타사라티 전 주한 인도대사, 안민식 주인도 한국대사관 공사 등이 참석했다. 컨퍼런스에 참석한 정부 관계자와 인도 학자들은 논의가 진행되는 동안 자리를 뜨지 않았고, 토론에도 적극적으로 참여했다.  

특히 15일 한국학중앙연구원 산토시 굽타 박사가 신라·고려·조선 시대의 신분제도와 인도의 카스트 제도의 연관성을 제기하자 인도 학자를 중심으로 반박과 비판이 이어지면서 토론 분위기가 후끈 달아오르기도 했다.  

굽타 박사는 “신라시대의 왕들이 진흥왕의 경우에서 보듯 인도 전륜성왕((轉輪聖王 ·Cakravatrtin)으로부터 지배의 정당성을 확보하려고 시도했다”면서 “왕족이나 귀족들이 자신을 인도 카스트 제도의 크샤트리아 계층으로 여기는 경향이 있었고, 이는 한반도 고대·중세 국가의 사회계급 형성에 촉매제 역할을 했다”고 했다.

이에 참석자들은 “카스트 제도는 힌두교를 배경으로 하고 있고, 한국의 신분제도는 불교, 유교를 배경으로 하고 있어 카스트 제도와 한국의 계급형성을 연결시키는 것은 부적절하다”고 지적했다.  

이에 굽타 박사는 “두 제도 사이에는 유사성이 있고, 고대·중세 왕과 귀족들의 행태를 보면 그 개연성을 완전히 부정할 수 없다”며 “이에 관한 연구는 향후 과제”라고 했다. 그러면서 “20세기 초 한국에서도 백정운동이 있었는데 지금은 한국 내에서 양반·천민 등 계급은 완전히 사라졌다”며 “이는 인도가 배워야 할 점”이라고 했다.

인도문화교류위원회((Indian Council for cultural Relations ICCR)가 14~15일 양일간 인도 뉴델리 인도국제센터에서 개최한 국제 컨퍼런스 ‘유산의 공유, 아요디아국 공주의 설화와 그 유산의 역사화를 통한 한·인도 관계의 새로운 변화’에 참석한 인도 학자가 주제발표에 대해 질문을 하고 있다./사진=하만주 인도 뉴델리 특파원

앞서 ICCR은 14일 저녁 인도 시내 최고급 호텔에서 참석자를 위한 환영만찬을 개최하고 향후 한·인도 간 정부 및 민간 교류 방안에 대해 의견을 교환했다.

관련기사

• "인도 내 기업경쟁 치열, 한국기업 결국 투자할 것"
• 인도에 부는 허황옥 재조명 열풍
• 본지 인도특파원 파견…한국 신문·방송 중 유일

이 자리에서 사티시 메타 인도문화교류위원회 사무총장을 만나 한·인도 관계에 관해 인터뷰를 했다. 

- 이번 컨퍼런스를 기획하게 된 동기는. 

“인도 아요디아(阿踰陀·아유타) 왕국의 공주 허황옥이 가락국 김수로왕과 결혼했다는 이야기는 양국의 중요한 유산이다. 한국에 인도와 관련이 있는 분(김해 김씨·허씨, 인천 이씨 등 ‘가락종친회’ 회원)이 1000만명 가까이 있다는 것은 양국 관계 발전에 큰 힘이 될 것이다. 이 같은 배경은 양국이 ‘오래되고 가깝고 좋은 관계’라는 것을 의미한다. 하지만 지금까지 우리는 이 같은 측면을 크게 주목하지 않았다. 

한국과 달리 인도에서는 가락국에 관한 이야기가 잘 알려지지 않았던 것이다. 이번 국제 콘퍼런스는 양국 관계에서 이 같은 측면을 알리기 위해 기획됐다. 인도는 한국을 잘 알아야 하고 이를 위해 노력하고 있다.” 

- 인도 정부, 특히 외교가에서 허황옥 이야기가 잘 알려져 있는지.

• • 샐러드 고기보다 나쁜 3가지 이유
• • 임은경 "생애 첫 나이트클럽 갔다…"
• • 한고은, 오늘 품절녀 된다
• • 마동석, 팔뚝 사이즈 무려…

“종전에는 잘 알려져 있지 않았다. 하지만 나렌드라 모디 총리가 지난 5월 한국을 방문, 허황옥에 관해 언급한 것을 계기로 널리 알려지기 시작했다. 모디 총리의 언급이 이번 컨퍼런스를 기획하게 된 직접적인 촉매제가 됐다. 이번 컨퍼런스가 인도가 한국에 더 가까이 다가가는 계기가 될 것으로 기대한다.” 

- 이번 행사를 개최하는데 어려운 점은 없었나. 

“전혀 없었다. 인도 내 한국학 관련 학자뿐 아니라 한국에서도 매우 훌륭한 학자들이 초대에 기꺼이 응해줬다. 매우 만족한다. 60년 전통의 ICCR이 한국에 관해 이 같은 행사를 개최한 것은 처음이다.” 

실제 ICCR은 이번 컨퍼런스에 참석한 한국 측 인사들에게 뉴델리의 최고급 호텔을 제공했다. 아울러 이들을 위한 환영 만찬장소는 최근 수년간 인도음식 최고 레스토랑으로 선정된 곳이다. 이번 컨퍼런스를 준비한 인도 측의 성의를 엿볼 수 있는 대목이다.

- 다른 행사도 기획하고 있나. 

“가락국에 관한 ‘댄스 드라마’를 준비 중인데 올해 내 완성되기를 기대한다.”

메타 사무총장은 ‘댄스 드라마’라고 했다. ‘뮤지컬’이라는 용어를 사용하지 않았다. 완성될 작품이 춤과 음악이 어울려진 ‘발리우드(Bollywood 뭄바이의 옛 지명인 봄베이와 할리우드의 합성어로 편수면에서 세계 최대인 인도의 영화 산업을 일컫는 말)’식 드라마가 될 가능성이 있는 것으로 보인다.

source: hegel@asiatoday.co.kr

Make In India: Korea agrees for tech transfer; LNG ships to be built locally

 In what could give a boost to the Make in India campaign, the government could soon nominate three local firms — Cochin Shipyard, L&T Shipbuilding and Pipavav Defence & Offshore Engineering — to build liquefied natural gas (LNG) transportation vessels for state-run GAIL (India).

The move comes in the light of these three shipyards signing memorandums of understanding (MoUs) with Korean firms for technology-sharing. Earlier, the Korean shipyards had expressed reservations in transferring their state-of-the-art technologies to Indian firms, even as they were keen on the business opportunity offered by India’s planned LNG imports.
Sources said after the ministry of external affairs took up the matter with the Korean government, the latter has agreed to allow Korean shipbuilders to share technologies with Indian firms as joint venture partners. The MoUs pave the way for construction of LNG vessels, which are cost-intensive and sophisticated, in India for the first time.
“These three firms would be nominated to build three vessels each in India,” a source privy to the development told FE.
B C Tripathi, chairman and managing director of GAIL, however, declined to comment.
GAIL (India) has drawn up a plan to invest an estimated $7.57 billion for hiring a fleet of sophisticated LNG ships to ferry gas from the US to India for 20 years, starting 2017. The cost, excluding fuel, canal and port call charges, which, again to be borne by GAIL, is seen to be close to $30 million.
The PSU gas marketing firm had failed to attract any Japanese or Korean shipbuilders to build LNG vessels in India after floating global tenders. The government had insisted that GAIL should ensure that a third of the shipbuilding must be on the Indian soil. However, no Indian shipyard has ever built a vessel to transport LNG and foreign giants based in Korea and Japan turned down India’s request to form joint ventures that facilitate transfer of technology.
The delay in finalising the tender could land GAIL in a crisis of not having LNG vessels on time to import gas from the US. The tender was first launched with a cut off date of October 30, 2014, which was later extended thrice: To December 4, January 6 and, finally, to February 17. External affairs minister Sushma Swaraj and petroleum minister Dharmendra Pradhan made an aggressive diplomatic push with South Korea for the exchange of technology.
In December last year, during Swaraj’s maiden trip to Seoul, she discussed with Korean minister of trade, industry and energy Yoon Sang-jick about co-production of LNG ships here, as part of the ‘Make in India’ programme.
Reports also said Swaraj offered that India would purchase giant LNG tankers from Korea outright, given its growing energy needs.
Four Korean shipyards qualified to participate in GAIL’s tender namely Samsung Heavy Industries, Daewoo Ship Building and Marine Engineering; Hyundai Heavy Industries and STX Offshore & Shipbuilding.
Tech tonic:
* Cochin Shipyard, L&T, Pipavav Defence to make LNG carriers locally
* Korean firms, as JV partners, to supply tech
* GAIL to use locally-built carriers to import US gas
* Samsung, Daewoo, Hyundai, STX Offshore qualify in GAIL’s tender
* Local production result of India-Korea diplomacy

source:financial express

Professor Vyjanati Raghavan on Rajya Sabha TV- India-Korea Relations

 

 

 

 

 

 

Forget About Wooing Korea on Indian Standard Time( Vyjayanti Raghavan Centre for Korean Studies, JNU, New Delhi)

Prime Minister Narendra Modi with Korean President Park Geun-hye in Seoul on Monday [Credit: PTI]

Narendra Modi, who has visited 17 countries in the one year that he’s been Prime Minister, made his latest stop in South Korea at the end of a three-nation Asian tour that took him to China and Mongolia.

In Korea, he talked about ‘Make in India’. He talked about Asian Unity. He talked about defence cooperation. He talked about international institutions and the need to reform them. He talked about security dialogues.
India and Korea signed seven agreements, described in the MEA’s usual way as ‘wide-ranging’. But the question now is: What are they worth and will India meet Korean expectations, especially on the economic side?
If the past is anything to go by, the Koreans may well be in for a disappointment. After all, P V Narasimha Rao and Manmohan Singh in their time had also invited Korea’s small and medium scale firms to come and invest in India. To date, however, there are only 300 Korean firms functioning in India. Their number is growing, but at a snail’s pace.

Hare and tortoise

The main reason is that India and Korea have very different notions of time. One places very little value on it; the other thinks the only way to live is in a hurry, what they call palli, palli (jaldi, jaldi or seekram, seekram, as we might say in Hindi or Tamil).

For the past 40 years, the talk has been there but the walk is missing. Every time an Indian PM goes there, starting with Rao in 1993, to the latest by Narendra Modi, we hear all the right noises. Some progress, like on a Comprehensive Economic Partnership Agreement, is even made.

But it all remains on paper, except perhaps in the field of education where the connections have indeed widened and deepened. In fact, the political, strategic and cultural dimensions of the India-Korea relationship remain almost at the same level where they were 30 years ago — in the realm of hope and possibilities.

There’s much that could be done if only we could get our act together. Nothing exemplifies this more than the POSCO fiasco. It has come to define the relationship.

The story is worth retelling. Korea came to India with a $12 billion investment proposal in 2005, the largest FDI project that any country had brought in till then. I was in Korea when the news broke and there was much excitement: the Koreans thought this would be their gateway to the 1.2 billion people Indian market for their goods.

They were in for a big surprise. They soon realised that the Indian system did not function in any way that they had ever encountered anywhere in the world. They simply could not fathom its ellipses.
They have waited patiently — and are doing so even now. But time is running out, just the way the MOU did. It came up for renewal in 2011 and the Koreans just let it slide.

If Modi really wants to send a message that India is serious about Korea – over-ruling the External Affairs ministry’s arrogance that the Koreans have no place else to go – he will switch to Korean time for the execution of whatever the two countries agree to do together. Indian standard time will simply not do.

For Koreans promises made must be kept. ‘Yaksok’ in Korean means both a promise and an appointment. Both are sacrosanct. Neither the promise nor the time schedule can be reneged upon.
Unfortunately the Indian style ‘vaada’ is only a verbal promise and like everything else can be changed to suit the context. In this case, India would be a big loser as the Koreans now have no dearth of countries waiting for their investments.

What next

Net-net, India has to get its act together on the economic side because this will then propel cooperation in other areas like marine technology, space technology, ship building, nuclear technology, green technology, R&D in defence and maritime security etc. They could pursue broader joint engagement in global forums like the WTO, G-20, the east Asia Summit, the Regional Comprehensive Economic Partnership, or RCEP, that Asean is floating as a free trade area for the Asean+6 countries, the Asian Infrastructure Investment Bank and perhaps the Trans-Pacific Patnership (that currently excludes India) too.

Once Korea is convinced that India means business, they will support it in all forums including for a permanent position at the UN Security Council.

Let’s not forget how, when the going became good on the economic front, the Koreans went to great lengths to ferret out historical linkages between the two nations. They trotted out the story of an Ayodhya princess sailing to Korea and marrying a Korean king and starting an Indian bloodline; they spotted Rabindranath Tagore’s poetry; then came talk about Gandhiji’s influence and, the similarity between Tamil and Korean, not to mention the similarity in folk games like gilli-danda and Jachigi!

India’s turn

Personally speaking – and here I am in total sync with Modi – one area where I think we could greatly benefit from the Koreans is in acquiring professionalism. The commitment to deliver what has been promised and the lengths to which they can stretch themselves in order to adhere to an agreed time-frame is something worth emulating.

That said, it’s not been an entirely dreary story. India-Korea bilateral trade has grown from a mere $500 million in the early 1990s to about $18 billion now. Korean electronic products, mobile phone handsets and even cars have managed to push out many other giants, including Japanese ones, and grab a sizeable portion of the market through what they call their ‘nunchi’ power — the power to sense what the sangdaebang or ‘the other party’ wants.

But this is a case of been there, done that. Now the time has come to push the relationship further.

The responsibility for this is entirely India’s.

Chinese, South Korean firms to set up plants in India

Around 60% of the investment for setting up transmission infrastructure goes towards equipment with the market size estimated to be around Rs.14,000 crore. Photo: Indranil Bhoumik/Mint

New Delhi: Attracted by Prime Minister Narendra Modi’s ‘Make in India’ programme, and, more pertinently, to meet conditions that make it mandatory for foreign companies wishing to sell equipment to large Indian government projects to have factories in India, China’s Baoding Tianwei Group Ltd (BTW) and South Korea’s Hyosung Corp. plan to set up electricity transmission equipment manufacturing facilities in the country.

India and China have been at odds over the supply of cheap Chinese equipment to Indian firms in sectors such as telecom and power generation over security and quality concerns.

“Due to the mandatory requirement that one needs to have a manufacturing base in India and the size of the electricity transmission equipment market here, firm such as BTW and Hyosung have firmed up plans to manufacture transformers and reactors here,” said a person aware of the development requesting anonymity.

High-voltage transformers are used to pump up voltage or to bring it down for electricity transfer across long distances and will play an important role in increasing the footprint of the national grid. Around 60% of the investment for setting up transmission infrastructure goes towards equipment with the market size estimated to be around Rs.14,000 crore. India has installed power generation capacity of 258,701.46 MW.

Queries emailed to BTW remained unanswered till press time. Repeated phone calls to Hyosung’s New Delhi office also remained unanswered.

State-owned Power Grid Corporation of India Ltd (PGCIL), which operates around 113,587 circuit km of transmission lines plans to spend Rs.1 trillion to increase India’s inter-regional power transfer capacity of 46,450 MW to 72,250MW by 2017.

Some other firms that supply equipment in the high-voltage segment are Siemens AG, ABB Ltd, Areva SA, Alstom and state owned Bharat Heavy Electricals Ltd (Bhel). This comes in the backdrop of 300 million Indians lacking access to electricity with per-capita electricity consumption being one-fourth of the world’s average.

Mint reported on 27 May 2010 that PGCIL was making it mandatory for overseas equipment suppliers to have factories in India to participate in its tenders, ruling out imports from China. Another state-run firm, NTPC Ltd, India’s largest power generator, has also made domestic manufacturing a pre-qualification criteria for companies to bid for its equipment tenders.

Subsequently, China’s largest manufacturer of high-voltage transformers, Tebian Electric Apparatus Stock Co. Ltd (TBEA), which has been a major supplier of transformers and reactors to the Indian transmission sector started manufacturing locally.

“PGCIL has been increasingly mandating the supply of power transmission and distribution (T&D) equipment from facilities in India, besides specifying a local service setup in India for HV (high voltage) and EHV (extra high voltage) power T&D equipments, as clause in the PQR (pre qualification requirment). This has resulted in many global Power T&D majors (Alstom T&D, ABB, Siemens, etc.) setting up local facilities in India for manufacturing HV and EHV equipments (viz Transformers, Reactors etc.),” said Amol Kotwal director, energy and environment practice (South Asia & Middle East) at Frost & Sullivan.

The electricity transmission equipment firms’ plans comes at a time when US-based First Solar Inc. and China’s Trina Solar—the world’s largest maker of photovoltaic modules—is considering plans to set up manufacturing facilities in India, drawn by the nation’s ambitious solar power generation target.

Modi, after leading the National Democratic Alliance to victory in the April-May general election, launched the Make In India campaign in September to attract foreign companies to invest and manufacture in India and export to other countries.

Modi and his Bharatiya Janata Party (BJP) have placed special emphasis on manufacturing, in which India lags behind Asian economies such as China, to boost economic growth.

“The Chinese equipment suppliers, not to be left behind, have also established facilities in an effort to tap the burgeoning demand for Power T&D equipments in India and meeting PGCIL’s domestic content clause. TBEA has already set up a huge Green Energy Park at Vadodara,” Frost & Sullivan’s Kotwal said.

“Given this trend, it is expected that Korean and other Chinese majors shall soon follow in setting up their manufacturing facilities in India.”

source:livemint

India may produce more cars than Korea in the near future

Hae-lck Lee, executive director of the Korea Automotive Industry Globalization Foundation, spoke to Jaishankar Jayaramiah on the sidelines of the recent ACMA Automechanika New Delhi 2015 trade fair about the Korean automotive industry and its bilateral trade with India.

How many companies from Korea participated in the expo and what was their main agenda?This is the first time that we participated in ACMA Automechanika New Delhi. We had as many as 15 companies including our foundation. Almost all are manufacturers and exporters and a few are into trading. They are mainly looking to tap the market for their products in India and export. We have earlier participated at the Auto Expo with 16 companies and are satisfied with the results. I think ACMA Automechanika New Delhi will also satisfy the Korean exhibitors.

How important is Indian market is for you and why?As you see in the world market, China is very developed as they are producing many cars while European and North American markets are fully matured. But the Indian market is pre-matured and there is much potential for the expansion of the Indian market in the future. Hence Korean auto component makers see India as their potential market. Both India and Brazil are important for us. India comes first but even though Brazil is a small market, it is important for us.


Can you throw light on the Korean vehicle market so as to see its impact in the world market, particularly in connection to India?In the near future, India may produce more cars than Korea. Our car production in Korea is almost the same every year or a little bit reduced of late because Korean vehicle makers have increased their overseas production including by Hyundai in India.
Korean automakers’ overseas production has increased hugely, touching 4,414,000 units in 2014. The market share of imported cars also has increased to 13.9 percent in 2014 from a meagre 0.4 percent in CY2000 and it is forecasted to be more than 20 percent in 2-3 years. Automobile production in Korea declined from 4,562,000 units in 2012 to 4,521,000 units in 2013.
In overall Korean automobile production, Hyundai ranks first as it accounts for 41.5 percent with 1,876,408 units. It is followed by Kia with 37.8 percent at 1,712,485 units while GM Korea is in third place with 13.9 percent by clocking 629,230 units in sales. Fourth is Renault Samsung with 3.4 percent and sales of 152,138 units. Fifth, sixth and seventh places go to SsangYong, Tata Daewoo and Daewoo Bus with market shares of 3.1 percent (140,259 vehicles), 0.2 percent (11,173 units) and 0.1 percent (3,239 units) respectively.


Can you detail the Korean automotive parts market and its synthesis?

The size of the Korean auto parts market is about $ 68 billion with a growth rate of 10-15 percent after the year 2000. The estimated amount of auto parts exports in 2014 stood at $ 26, 635 million, up from $ 5,925 million in 2004 and our main customers are Asia, North America and European Union. These are also the three main regions from where Korea has been importing parts. Auto parts imports by Korea has increased from $ 2,791 million in 2004 to an estimated $ 4,845 million in 2014.


What is the status of bi-lateral trade between India and Korea in terms of both imports and exports of automotive parts?

The share of Korea’s exports to India recently reduced. The country exported $ 1,552,052 worth of auto parts to India in 2011 and increased this further to $ 1,593,720 in 2012. But the level dropped to $ 1,251,537 in 2013. It is estimated to touch $ 1,064,542 in 2014.
At the same time, its imports from India also fell in 2012 and 2013 but it seems to have recovered in 2014. Auto part imports from India stood at $ 59,556, which declined to $ 49,951 in 2012 and further tumbled to $ 45,061 in 2013. It is estimated to bounce back to touch $ 51,832 in 2014. India shares about 1 percent of Korea’s auto parts import every year. Considering the large market size of India, this is nothing. We expect our exports to India will increase to $ 5 billion in the next 5-7 years.


Can you list out the highlights of the Korean automotive industry witnessed in recent years?

The Korean vehicle giants are investing in technologies for next-generation vehicles like green cars (clean diesel, HEV, PHEV, EV, FCV and Smart Cars, Convergence with electronics, ICT and energy besides in the areas like new material development for lightweight vehicles.


What are the steps taken by the foundation to develop the Korean auto parts industry?

AIN Global Foundation (Korea Automotive Industry Globalization Foundation) was established in December 1999 as a non-profit entity under the Ministry of Trade, Industry & Energy to support Korean small and medium-sized automotive companies. Its main business is organizing Korean automotive industry exhibitions, participating in overseas exhibitions with a Korea pavilion, organizing conferences, seminars and research conclaves. We plan to participate in 10 international expos under the Korea pavilion including ACMA Automechanika New Delhi, Automechanika Dubai and SAE World Congress Detroit. The Korean government has been supporting our participation in some expos.


China is emerging as a major competitor in the global auto components industry. Being another major auto player in Asia, how does Korea view this?Yes it is notable and a very tough situation. Korean companies may not be able to compete with the Chinese companies but we are concentrating on developing technologies and competing on  quality. Who knows India may also emerge as a major player in the future as already the labour costs have been fast rising in China.
source:autocarpro.in