1. Following the Conference for Consultations between Heads of Diplomatic Missions and 
Entrepreneurs held on February 10, the Ministry of Foreign Affairs and Trade and the Korea 
Chamber of Commerce and Industry will hold a 1:1 business consultation meeting between 
consul generals and entrepreneurs under the heading of 「Meeting with Economists」 on 
February 23 at the Lotte Hotel. 

2. The meeting will be participated by 36 consul generals and 86 corporations, with 153 
consultations expected to take place (30 minutes each, average of 4.3 cases per consul 
general).

 o Compared to the Consultations in 2008, to which 50 corporations participated and 
   141 consultations took place, the consultations this year have expanded with 36 more 
   corporations (72% increase) and 12 more consultations (10% increase). This development 
   was possible, despite the limited preparation time after the Conference, due to the 
   growing amount of interest in this field. 

3. In regard to the 86 participating corporations, 61 (70.9%) are small- and medium-sized 
enterprises in need of foreign networks, 20 (23.3%) are major corporations and 5 (5.8%) 
are organizations and public enterprises.

 ※ Major participating corporations: Dong-A Pharmaceutical, GS Caltex, International 
   Contractors Association of Korea, Aju Group, S.Will, A-Tech System, Windipia, etc.

   The areas for consultation are supporting transactions and contracts (52 cases, 51.5%), 
   providing information on countries (26 cases, 25.7%), solving business difficulties 
   (23 cases, 22.8%). 

o The number of consultation cases for supporting transactions and contracts has 
   increased compared to 2008, which indicates that corporations view public enterprises 
   to be helpful not only in providing information, but also in their efforts to enter foreign 
   markets.

※ Order of areas most discussed in 2008: Providing information (81 cases, 57.4%), 
   explaining enterprises & public relations (27 cases, 19.1%), supporting transactions 
   and contracts (19 cases, 13.5%), solving business difficulties (3 cases, 2.1%)

5. As consul generals give their support to Korean corporations entering foreign markets and 
solve business difficulties by sharing their accumulated experiences and field information, 
this consultation is expected to provide an opportunity for the role of consul generals to be 
strengthened in the expansion of Korean corporations’ entry into foreign markets. 

               Spokesperson and Deputy Minister for Public Relations of MOFAT

*unofficial translation