New trade agency chief to promote SME exports

The head of Korea’s leading trade promotion agency said Thursday he will help promote exports of small and medium-sized enterprises for a balanced growth among businesses.

On Thursday, former trade minister Kim Young-joo took office as chairman and CEO of the Korea International Trade Association (KITA), the trade body said in a statement.

“KITA will fully cooperate with the government in efforts to resolve trade disputes and respond to a rising protectionism in major trading partners. It will push forward a market diversification strategy to reduce Korean companies’ heavy dependence on China,” Kim said in the statement.

Moreover, KITA plans to suggest a set of measures that could bolster the competitiveness of Korean service providers in the biotechnology and medical sectors, the veteran public official said.

Yonhap