Xinhuanet Seoul, December 6 (Editor Gao Haorong) At the end of recent years, major Korean general trading companies are currently formulating a foreign trade strategy for the next year, and they will take the Chinese market and concentrate their entry into the Chinese market as their strategic priorities.
Most major Korean general trading companies believe that with China's accession to the World Trade Organization, China’s trade environment will improve significantly, the market environment will be fully improved, and investment and trade conditions will become more advantageous. Therefore, whether or not it can occupy the Chinese market in advance will be of great significance to the development of the trading company.
The Samsung Products Company, which has always been a stable and stable operation policy, will continue to adhere to the principle of profit-centered operation next year. Through structural adjustment, it will focus on the development of commodities with good export prospects and open up promising markets. The primary goal is to strengthen the chemical and steel industries. Exports of products to China, and plans to establish sales corporations in China in accordance with the development of China's domestic market and enter the high value-added Chinese information technology market.
Similar to Samsung, the Hyundai General Trading Company also targeted China’s accession to the World Trade Organization and the 2008 “Olympic Special Needs†and decided to commit itself to exporting steel products and raw materials to China, while using the “Korean Wave†of China to increase exports to China’s cultural products. . To this end, the Hyundai General Trading Company will divide the Chinese market into three parts: investment, procurement, and sales. The focus will be on establishing links, recouping loans, and making effective investments. It will also concentrate on three-nation trade, which will soon be competitive. Chinese home appliance products are exported to third countries.
LG will continue to use industrial raw materials, energy, and complete sets of equipment as products that will determine the outcome of the competition. In order to ensure stable supply rights, LG will strengthen its investment in these products to increase its competitiveness. In response to China's trend of increasing exports to China after China's accession to the WTO, LG will concentrate its efforts on expanding exports of computer-aided equipment, petrochemicals and steel products to China.
Daewoo International will continue its efforts to expand steel and grain exports to China on the one hand next year, and will expand the field to high value-added automotive parts and electronic products.
SK Global will use China and Asia as a strategic market for chemical, energy and steel products. The company stated that it is necessary to proceed from a long-term perspective and continue to promote investment in venture companies in China. In terms of steel products, SK Global will strengthen its sales to China with high-grade steel as the center; in energy and chemical products, it will focus on obtaining commercial management rights, and plans to invest in China's logistics and circulation departments.
Most major Korean general trading companies believe that with China's accession to the World Trade Organization, China’s trade environment will improve significantly, the market environment will be fully improved, and investment and trade conditions will become more advantageous. Therefore, whether or not it can occupy the Chinese market in advance will be of great significance to the development of the trading company.
The Samsung Products Company, which has always been a stable and stable operation policy, will continue to adhere to the principle of profit-centered operation next year. Through structural adjustment, it will focus on the development of commodities with good export prospects and open up promising markets. The primary goal is to strengthen the chemical and steel industries. Exports of products to China, and plans to establish sales corporations in China in accordance with the development of China's domestic market and enter the high value-added Chinese information technology market.
Similar to Samsung, the Hyundai General Trading Company also targeted China’s accession to the World Trade Organization and the 2008 “Olympic Special Needs†and decided to commit itself to exporting steel products and raw materials to China, while using the “Korean Wave†of China to increase exports to China’s cultural products. . To this end, the Hyundai General Trading Company will divide the Chinese market into three parts: investment, procurement, and sales. The focus will be on establishing links, recouping loans, and making effective investments. It will also concentrate on three-nation trade, which will soon be competitive. Chinese home appliance products are exported to third countries.
LG will continue to use industrial raw materials, energy, and complete sets of equipment as products that will determine the outcome of the competition. In order to ensure stable supply rights, LG will strengthen its investment in these products to increase its competitiveness. In response to China's trend of increasing exports to China after China's accession to the WTO, LG will concentrate its efforts on expanding exports of computer-aided equipment, petrochemicals and steel products to China.
Daewoo International will continue its efforts to expand steel and grain exports to China on the one hand next year, and will expand the field to high value-added automotive parts and electronic products.
SK Global will use China and Asia as a strategic market for chemical, energy and steel products. The company stated that it is necessary to proceed from a long-term perspective and continue to promote investment in venture companies in China. In terms of steel products, SK Global will strengthen its sales to China with high-grade steel as the center; in energy and chemical products, it will focus on obtaining commercial management rights, and plans to invest in China's logistics and circulation departments.
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