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globaleducation@fdu

GEN Breakfast Seminar: Doing Business in Korea
The seminar was a great opportunity to get an overview of the economic and commercial situation in Korea. The seminar started with Eric Sohn, Desk Officer for Korea from the United States Department of Commerce. He provided deep insight into the Korean market and an overview of the current trade situation between the US, New Jersey and Korea. He ended his presentation by providing various resources to help manage the challenge and opportunity of the Korean Market.


From left to right starting in the upper row Eric Sohn, United States Department of Commerce Desk Officer for Korea; Eddy Mayen, Director, Office of International Business Development & Protocol State of New Jersey Department of State Business Action Center; Debra F. Smith, VP Trade Finance Sales Citibank N.A.; David Clark, Global Partnering, Kotra; Susan A. Gallagher OConnell, SVP Relationship Manager Citibank N.A.; Rufiya Blank, Vice President of Kompass North America; Todd Shevlin, Project Manager MidAtlantic Trade Adjustment Assistance Center (MATAAC); Herb Ouida, Director Global Enterprise Network
 

On April 4th, the Office of Global Learning, in its sixth Business Breakfast Seminar, presented 'Doing Business in Korea’. Organized by Herb Ouida, Director of the FDU Global Enterprise Network and Sarah Horn Operations Specialist, the seminar series is designed to help US companies expand their international business activities.

Eddy Mayen, Director, Office of International Business Development & Protocol State of New Jersey presented how the State of New Jersey can help businesses  export to Korea and how important the Korean market is for the US and in particular New Jersey. He emphasized the “STEP” under which his office provided grants to help exporters.

Susan Gallagher O’Connell and Debra Smith from Citibank helped attendees understand the tools and strategies to mitigate risks associated with international trade. They explained how Citibank has delegated authority with the Export Import Bank of the United for guarantee loans to exporters and when eligible goods are purchased and shipped from the US. 

 
Rufiya Blank, Vice President of Kompass North America, a comprehensive B2B database, showed how to find detailed information on various companies in Korea and all over the world in order to help companies identify and qualify trade contacts. 

The seminar ended with Todd Shevlin, Project Manager, MidAtlantic Trade Adjustment Assistance Center (MATAAC) explain  how a US company can upgrade their global competiveness and how the MATAAC can help with that, by offering support and valuable resources for import impacted companies. These services include matching grants for feasibility studies.


The event was co-sponsored by Citibank and the US Commercial Service and the New Jersey Office of International Business Development. The evaluations we received indicated a high degree of appreciation for the valuable information provided. In fact the networking opportunities and discussion continued after the conclusion of the seminar.

 

 

Author:
Sarah Horn
 
Date:
Thursday, April 04, 2013
 
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