News - Published on 06 March 2019

KARL HUGO to join trade mission to visit South Korea

As skills ambassadors for the Ostbelgien region, the directors of KARL HUGO will have the honour of meeting South Korean economic actors during the course of a planned trade mission to the country between 24 and 28 March 2019.

Organised by the AWEX (The Walloon Region export and foreign investment agency), this trade mission will enable KARL HUGO to expand its commercial relations into Asia and improve its economic collaborations within the Belgian delegation, which will be boosted by the presence of King Philippe and Queen Mathilde.

With 51 million inhabitants, Korea’s is the eleventh economy in the world in terms of competitiveness, due to its productivity gains, the strength of its industrial groups (Samsung, LG, Hyundai, SK), its research and development efforts and its massive investment in higher education.

According to the Bank of Korea, the South Korean economy grew by 2.7 % in 2018. Activity was supported by household consumption, exports and public expenditure.