Martial Arts, Seminar on Entering the Japanese Market to Revitalize Korea-Japan Economic Cooperation Held

130 Businesspeople Interested in Japan Attend
"Significant Potential for Expanding Korea-Japan Trade"

The Korea International Trade Association (KITA) held a "Seminar on Entering the Japanese Market to Revitalize Korea-Japan Economic Cooperation" on the 22nd at the Trade Tower in Samseong-dong, Seoul, jointly with Kim & Chang Law Office.

Han Seung-kwon, Head of Regional Cooperation Office at the Korea International Trade Association, delivers a greeting at the "Seminar on Entering the Japanese Market to Revitalize Korea-Japan Economic Cooperation" held on the 22nd at the Trade Tower in Samseong-dong. Photo by Korea International Trade Association

This seminar was organized to strengthen cooperation with Japan by Korean companies, which has been active following the improvement of Korea-Japan relations, and to provide practical information necessary for entering the Japanese market. About 130 businesspeople interested in the Japanese market attended both online and offline.

In the first session, there was a presentation on the overview of Korea-Japan trade, establishing bases in Japan, and promising fields for market entry. Kim Jae-ho, Deputy Director of KITA, presented "Current Status and Implications of Korea-Japan Trade," stating, "As of last year, the share of trade between Korea and Japan accounted for 6.2% of Korea’s total trade, which is relatively low compared to the trade share with neighboring countries of major nations*, indicating significant potential for expanding trade between Korea and Japan in the future."

Hyun Seok-won, Senior Researcher at POSCO Research Institute, presented "Japan’s Economic Policies and Promising Fields for Market Entry," emphasizing, "Japan’s national policies and business environment tend to change slowly but steadily, so thorough research is necessary." He identified energy efficiency technologies, AI-based digital technologies, digital security, and assistive robots as promising fields for entry.

The second session focused on practical legal knowledge for entering the Japanese market. Park In-dong, attorney at Kim & Chang Law Office, presented "Comparison of the Legal Markets in Korea and Japan," noting, "Although Korea and Japan appear to have similar legal systems on the surface, there are many differences in legal provisions related to companies, such as corporate law and labor law. Companies entering the Japanese market must verify these differences in advance and make good use of expert advice."

Han Seung-kwon, Director of Regional Cooperation at KITA, said, "With the normalization of Korea-Japan relations and the expansion of exchanges between businesspeople of the two countries, the Japanese market is emerging as a new opportunity for our export companies," adding, "KITA plans to strengthen and continuously promote information provision and marketing projects to revitalize exchanges between the two countries."