SME’s at forefront of Korea-Mexico business forum


As Jisun mentioned earlier, a business forum was also held on the sidelines of the summit on Monday. It was an opportunity for Korean companies, especially small and medium-sized enterprises, to meet and do business with Mexican and foreign partners. Kwon Jang-Ho has this report.

While President Park Geun-hye and President Enrique Pena Nieto announced they would work towards a bilateral trade agreement, Korean businesses were preparing to meet with Mexican and foreign business partners at a forum organized by the two governments.  At the first of such forums between the two countries since 2010, 95 Korean businesses were present—mostly small and medium-sized companies coming from various sectors, such as car parts manufacturing, consumer goods, and electronics.

On the buyer’s side, over a hundred and eighty representatives from local branches of car manufacturers, such as Ford and BMW, to retailers like Amazon Mexico. Over four-hundred and fifty individual meetings took place, and a total of 33 deals were made, worth 86-million U.S. dollars.  A similar business forum took place in Los Angeles on Saturday, and together over 250 million dollars’ worth of deals were signed.

The forums have been considered a success at championing SMEs and startups that have received support from the Korean government through its ‘Creative Technology Innovation Centers’ launched last year. One of its biggest success stories has been “Marine Techno,” a cosmetics company that specializes in products made from marine collagen. It was one of the first to benefit from a government-backed crowdfunding website launched in January, reaching its funding goal in a day. The company attended both forums in L.A. and Mexico and signed five MOU’s worth 560,000 dollars.

Korea and Mexico are planning to resume FTA talks by the end of the year, and Korean businesses are hoping they go without a hitch, so they are able to explore further business opportunities between the two countries.




송지선 기자가 미리 언급한대로 월요일 정상회담과는 별도로 비즈니스 포럼도 열렸습니다. 멕시코 및 외국기업들과 만나 비즈니스를 같이 할 수 있는 좋은 기회로 특히 중소기업에게 좋은 자리였습니다. 권장호 기자의 보도입니다.

박근혜 대통령과 엔리케 페냐 니에토 대통령이 양자간 자유무역협정 재개를 발표한 가운데 양국 정부가 주최한 포럼에서 한국기업들은 멕시코 및 외국기업들과 만남을 가졌습니다. 2010년 이후 양국에서 처음 열린 이 같은 포럼에는 95개사의 한국기업이 참가했습니다. 대부분 중소기업으로 자동차 부품, 공산품, 전자제품 등의 다양한 분야의 기업들입니다.

멕시코 바이어 측에서는 포드와 BMW같은 자동차제조사의 현지법인으로부터 아마존 멕시코 같은 유통업체 이르기까지 180개사가 넘는 기업이 참여했습니다. 450건이 넘는 개별 상담이 이루어졌으며 8600만 달러에 달하는 33건의 거래가 성사되었습니다. 토요일 로스앤젤레스에서도 유사한 비즈니스 포럼이 열렸으며 모두 합산해 2억5천만 달러에 달하는 계약이 성사되었습니다.

지난해 출범한 창조경제혁신센터를 통해 한국 정부의 보조를 받아온 중소기업 및 신생기업에게 있어서 이번 포럼은 성공적으로 평가되고 있습니다. 이 중에서 마린 콜라겐을 이용해 화장품을 만드는 기업인 “마린 테크노”가 가장 성공적으로 평가되었습니다. 지난 1월출범한 크라우드 펀딩 1호 기업으로 하루 만에 자금 조달에 성공했습니다. 마린 테크노는 로스앤젤레스와 멕시코에서 열린 포럼에 참여해 56만 달러에 달하는 다섯 건의 MOU(해외바이어 초청양해각서)를 체결했습니다.

한국과 멕시코는 올해 말 FTA 회담을 재개할 예정입니다. 한국의 기업들은 양국간 사업 기회를 확대할 수 있도록 회담이 순조롭게 진행되길 바라고 있습니다.


Today’s top stories in the morning papers in Korea (April 29, 2016)

Round-up: Today’s top stories in the morning papers in Korea (April 29, 2016)


1. The fact that SK and CJ made a remittance to the Korea Parent Federation came to surface. Both groups transferred the money to a borrowed-name bank and explained that they sent the money because they were threatened by the Federation.

Why are they afraid of the Federation? They must be scared of the one who is behind the Federation.


2. Japan’s Deputy Chief Cabinet Secretary and the spokesman said that the removal of the statue of a girl was an implicit agreement between South Korea and Japan. The secretary instantly refuted what President Park said that the statue was not mentioned in the agreement.

The state of Korea is in shambles. I feel so shameful that I want to hide.


3. The disease prevention authority in South Korea that did not include Southeast Asian countries such as the Philippines and Vietnam to the “list of countries affected by dangerous virus system” decided to add this area to the system when the Zika virus was detected in a man having travelled to the Philippines.

The authority is always one step behind. Do they have to do this again after we go through with MERs?


4. The war with mosquitoes began with the unusually early spring heat. The Korea Centers for Disease Control and Prevention issued a nationwide warning against Japanese encephalitis as the Culex tritaeniorhynchus, a species of mosquito and the main vector of Japanese encephalitis was first discovered in Gyeongnam and Jeju.

Japanese encephalitis and Zika. The discomfort index is expected to be higher this summer. But don’t get cranky.


5. As the Oxy investigation grabbed people’s attention, Korean conglomerates that manufactured and sold humidifier disinfectant are avoiding their responsibility. Launching an investigation late arouse suspicion as the case is about to expire because of the statute of limitations.

The president said the case should be investigated thoroughly by helping the victims. Will you do that please, unlike Sewol Ferry?

6. A research team in Korea provided a clue that cure cancer and Parkinson’s disease by controlling the amount of calcium in a cell. The Korea Research Institute of Bioscience and Biotechnology (KRIBB) confirmed that the amount of calcium in mitochondria, which is responsible for energy production, reduces cancer cells.

Korean research teams always find something new. Can I benefit from this discovery?


7. The medical fee is expected to be more expensive by 30 to 50% on May 6, the day the Korean government designates it a temporary holiday. The Ministry of Health and Welfare says patients sharing of the medical cost increases as the medical service apply a surcharge of the night and public holidays.

They say taking a day off does not guarantee the medical cost. They are very thoughtful, aren’t they?



Today’s top stories in the morning papers in Korea (April 28, 2016)


Round-up: Today’s top stories in the morning papers in Korea (April 28, 2016)


1. Japan’s Deputy Chief Cabinet Secretary reiterated that the removal of the statue of a teenage girl in front of the Japanese embassy was included in the agreement between and South Korea and Japan on sexual slavery during World War II. There was an argument that President Park Geun-hye was linked to the removal of the statue, but she said the statue was not even mentioned in the agreement.

I don’t know who is right but let’s call off the agreement because both have different opinions.



2. The image of “Mensa” has turned into college admission “qualification.” Students can apply for a comprehensive review of college admission if they have unique experience in their school reports.  Mr. A, for example, prepared for the Mensa membership exam with the brain training textbook made by a private academy. He became the Mensa member after a five-month of preparation with his IQ going up from 118 to 158.

So do you want to know what happened to him? He was accepted by the school of his dreams. People say geniuses are made. I think that is true.


3. The Oxy humidifier disinfectant scandal triggered online shoppers to launch a boycott campaign against the company’s products, resulting in a significant drop in sales of Oxy daily supplies. Avoiding Oxy products were more prevalent in online shopping malls rather than offline shopping malls such as big supermarkets.

We will never use Oxy products until the company offers a sincere apology and compensation to the victims.



4. One in five Koreans suffer from hair loss, but they rely on nonmedical methods such as shampoo for hair loss and scalp tonic. Experts warn that people may miss the right time to start hair loss treatment if they continue to rely on advice from the related products or friends as hair loss needs medical attention.

Medical experts’ advice is way too expensive. Did you not know that?


5. Only four in ten small and medium enterprises say that they will take a day off when May 6 becomes the temporary holiday. More than half of employers do not plan to pay an allowance to their employees.

Only government offices and schools have a day off that day. Only children benefit from the government decision.



Today’s top stories in the morning papers in Korea (April 27, 2016)


Round-up: Today’s top stories in the morning papers in Korea (April 27, 2016)


1. As the demand for “political innovation” bursts out with the 19th National Assembly ahead, both ruling and opposition party competitively proposed that they will take down their privileges as lawmakers. However, the 19th National Assembly will end after one month, putting most of the bill about putting down the right is about to disappear automatically.

What do you expect from these people? I’ll keep my eyes on those who knelt and bowed their heads deep in the 20th National Assembly.


2. Seoul Metropolitan Office of Education came up with learning history guidelines for elementary, middle, and high school together with running the board of education. The office voluntarily reinforces history learning before the publication of the 2017 government-initiated history textbooks for middle and high school.

The government-lead textbooks give other people hard time.

3. A growing number of Korean consumers call for a boycott of the products from Oxy Reckitt Benckiser after the investigation on ‘oxy humidifier disinfectant.’ However, the boycott does not seem to affect the sales because of the company’s high market share. Most consumers do not change their purchase pattern, which means the boycott does not have an impact on the sales.

I mentioned the list of all products from Oxy yesterday, didn’t I? Please check it again and show me people power.

4. A study found that higher medical checkup means more radiation exposure. The examination is more expensive with more CT scans, which means one premium medical examination is equivalent to up to 6 years of naturally occurring radiation.

Radiation has always been expensive even if they are not good for health.

5. More than half of the time-poor workers are swamped with their work as they do not have an hour to date someone. However, 38% of respondents say they never give ‘dating someone’ even if they are pressed with the heavy workload and many night overwork.

Doesn’t it mean that the rest of 62% give me dating? Dating and love are good.



Today’s top stories in the morning papers in Korea (April 26, 2016)

Round-up: Today’s top stories in the morning papers in Korea (April 26, 2016)


1. A study found that obese men have 20% higher chance of developing prostate cancer. They have to walk to sweat or workout at least 30 minutes a day, five days a week to maintain their body weight in balance.

I believe most people are cancer patients if they have to spend a certain amount of time on exercise.

2. Korean consumers call for a boycott of products from Oxy. The products include Oxy clean, Dettol, Beet, Bang, Harpic, Finish, Power clean, Hippo dehumidifier, Hippo deodorizer, and Hamaroid (naphthalene ball).

There is a wide range of products. I don’t know some items. Because we are aware that products from Oxy have harmful effects on our body, we should stop using them.


3. An increasing number of Korean say that marriage is good but not getting married is also good. Since last year, individuals say “no” to marriage in social media have increased at an explosive rate. They also mentioned more about “practical” and “economic” rather than “love”

“Love is not a joke.” Love must face reality. That’s sad.



Today’s top stories in the morning papers in Korea (April 21, 2016)


Round-up: Today’s top stories in the morning papers in Korea (April 21, 2016)



1. There is a growing suspicion that the Federation of Korean Industries (FKI) secretly supported Korea Parent Federation (KPK) and North Korea Refugees Human Rights Association of Korea. FKI neither accepted nor denied the suspicion by saying, “They cannot identify the detail.”

They have money to burn. By the way, if FKI is behind KPK, who is behind FKI?


2. Korea Internet Security Agency published a book about future expectations so-called <2045 Future society@ The Internet>. According to the book, in 2045, combat robots and unmanned machines will defend the nation and military service will switch from compulsory to voluntary. Moreover, artificial organs and precision diagnosis extend average human lifespan to 120 years.

If you endure 30 years, you don’t have to serve in the army. You have to be good at playing games if you want to join the army.



3. The ‘Sewol’ ribbon that hopes for safe return of missing Sewol Ferry students was listed as standard Unicode. The Unicode Consortium and 416 Solidarity said the yellow ribbon was designated as a computing text standard by changing its title to “Remember 0416” to remember the victims of Sewol Ferry Disaster.

Do you want to stop when the world still remembers the tragedy? Let’s not do this, please.


4. Korean workers spend an average of 6,300 Korean Won (6.30 US dollars) for their lunch. They pay 600 Won more, which was 5,700 Won than last year and more than half of employees (59.3%) said that the lunch price was too much.

We can’t always pack lunch. That’s why lunch from a convenience store is popular.



Today’s top stories in the morning papers in Korea (April 20, 2016)


Round-up: Today’s top stories in the morning papers in Korea (April 20, 2016)

1. Amid blood supply shortage, a military officer has donated his blood 152 times in the last ten years. He made his first blood donation when he was a lieutenant in 2006. The officer gave his blood to complete strangers every month except military training and the total blood volume he donated so far was 60,800 CC.

He is the man of men. I hope there are more soldiers like him. Semper fi.

2. The court reached its final decision that the government should compensate the victim and the family who opposed Yushin Constitution, served time in prison and were acquitted during a retrial. The Supreme Court’s precedent, ‘Taking an emergency measure is a political activity which does not require compensation’, is continually overturned.

From my perspective, the Supreme Court’s precedent is a political action, isn’t it?

3. The city of Taebaek will restore Hanbo coal mine in Taebaek, the filming site of a South Korean television series called “The Descendants of the Sun,” which is sweeping throughout both South Korea and China. The city plans to build the site by spending government expenditure of 2.5 billion Korean Won (2.5 million US dollars) as soon as they receive approval from the Ministry of Culture, Sports, and Tourism.

I am little worried that the entire South Korea will transform into filming sites whenever Korean dramas hit the jackpot.

4. A study found that about 89.1% of employees have been nagged in their employers. Many workers suffer from gastrointestinal problems and hair loss because of their nagging bosses’ insults such as “informal language and arrogant attitude”, which topped the list followed by “continued task request.”

Mother-in-laws become hard on their daughter-in-law if she had a hard married life. What’s wrong with these nagging superiors as they were once new graduates before?