CHENNAI is bringing KFI for the first time in the history of Chennai to trigger and generate inclination for the Korean consumer goods among the consumers in Chennai, which is the cultural and educational capital of South India. “As a result of KFI 2022, over 20 Korean companies are being benefited to market their products in Chennai with the support of their Indian partners. Indian business can also explore new ways to establish ties with Korean companies. Our network around the country is working on identifying potential business invitees to ensure that both B2C and B2B thrives on the same platform during the event,” he noted.
In his opening comments, Mr. Young-Seup Kwon (Kwon), Consul General of the Republic of Korea in Chennai, said that India and Republic of Korea share strong commercial ties from long time ago. The bilateral relations have made great strides in recent years, thanks to a significant convergence of interests, mutual goodwill and high-level exchanges. The bilateral trade between India and Korea has reached USD 23.7 billion in 2021, the highest–ever trade volume between the two countries, representing a 40% increase over the previous year’s USD 16.9 billion. In this context, I believe that initiatives such as KFI will further boost bilateral trade. While KFI explores export opportunities for Korean manufacturers, it will also pave the way for importers, distributors, and mall operators in India to make the most of Korean innovations.”
KFI 2022 also has an exclusive pavilion for Busan, the second largest city in Korea, and the fifth largest sea port in the world, which is competing to host the World EXPO 2030. The event also features a Comprehensive Economic Partnership Agreement (CEPA) desk for the promotion of trade relations. The pavilion of the Korea Tourism Organization shares information about Korea’s most exciting touristic sites.
