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KOTRA to Close 11 Overseas Offices

Oct 22,1998
The Korea Trade and Investment Promotion Agency (KOTRA) decided on October 22 that it would shut down 11 overseas offices and begin the closures as of November 1.
The 11 offices which will close include 4 offices in the U.S. including Denver and Boston; the office in Mumbai, India; Hanover, Germany; Surabaya, Indonesia; Santodomingo, Dominican Republic; Uhan, China.
Accordingly, KOTRA will lay off 45 employees by year-end and 87 people (13.4% of total) by the year 2000.


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