In 2020, Asia’s GDP overtook the GDP of the rest of the world combined. By 2030, the territory is expected to contribute roughly 60% of global growth.

Known for its rapid economic growth and its prominence as a global trendsetter in technology and culture, South Korea offers unique opportunities for Northern Ireland businesses to trade in the market.

Top line figures:
• South Korea has the 4th largest GDP in Asia and the 10th largest in the world (2020)
• South Korea is the 5th largest automobile producer in the world (2021)
• South Korea has the 9th largest current account in the world (2020)
• South Korea is the 9th largest importer in the world (2020)

South Korea is one of the largest economies in the world and has strong trade links with the UK, as well as a {UK} Continuity Free Trade Agreement which came into effect in January 2020. It is a country with a fast-moving business culture that places importance on relationship building and hierarchy, with opportunities in Technology, Materials Handling, Life & Health Sciences and Renewable Energy.

Focusing on the emerging trends and exporting opportunities in the market for Northern Ireland businesses, and how to approach them, this webinar will be delivered by in-market representatives and specialists. The webinar will also feature a case study from a Northern Ireland business, and how the support they received helped them export their product into Seoul, Korea.

The webinar will conclude with a Q&A session.