1. On Thursday, May 15, the Ministry of Foreign Affairs and Trade (MOFAT) will host a third annual 
“Information Session on Entry into the Chinese Market.”  Since 2001, MOFAT has held an annual information 
session to assist the entry of Korean businesses into the Chinese market, which has emerged as the 
second largest export destination for Korea behind the U.S. market.  

2. MOFAT has invited personnel responsible for business service operations from the Chinese Embassy in 
Seoul, as well as other China experts to the meeting.  Topics that will be addressed at the session include 
major economic policy trends of the new Chinese administration, prospects for Korea-China economic 
relations, tactics for investing in the Chinese technology market, and developments in Chinese intellectual 
property law since accession to the WTO.

3. Since its entry into the WTO in late 2001, China has begun efforts to construct a generalized trade system 
adhering to international law and customary practices. Despite changes made in its overall trade structure, 
however, China still maintains a unique business culture, which in several aspects remains distinct from the 
capitalistic market economy.  This session will give Korean businesses an opportunity to gain useful 
information on entering the Chinese market.

4. In addition, the information session will supplement “Cyber Corporate Services” being offered online by 
MOFAT and Korean embassies and consulates worldwide to support domestic businesses’ investment 
decisions in overseas markets.  

                                                                       Spokesperson of MOFAT

* unofficial translation