Invest UP catalyzes potential Korean investments in UP
The Herald Media Group, a South Korean conglomerate established in 1953, is known for its presence in media, education, and lifestyle sectors
Lucknow: The officials of the Infrastructure & Industrial Development Commissioner (IIDC) office and Invest UP, and a business delegation from Herald Media Group, South Korea, DAEWOO E&C met at the Invest UP office in PICUP Bhavan, Lucknow. The meeting aimed to strengthen bilateral ties and explore investment opportunities in Uttar Pradesh.
The Herald Media Group, a South Korean conglomerate established in 1953, is known for its presence in media, education, and lifestyle sectors. The Korean Delegation included Mr. Hong Kil-Yong, Director of Strategy & Business Dept from Herald Media Group, Mr. Young-Min RYU, Senior Vice President DAEWOO GLOBAL Business Group, and Dr. Sanjay Kumar, Journalist from The Korea Herald. The agenda focused on discussing investment opportunities in Uttar Pradesh for Korean enterprises.
Manoj Kumar Singh, Infrastructure & Industrial Development Commissioner, GoUP, expressed pleasure at the visit and emphasized Uttar Pradesh's commitment to foreign investment. He highlighted the state's infrastructure, workforce, and investor-friendly policies, inviting Korean companies to explore partnership in Infrastructure, Power, Real-estate, Media, Food Processing, and Tourism.
Abhishek Prakash, CEO of Invest UP, welcomed the delegation and reiterated the state government's investment support. He presented Uttar Pradesh as an attractive investment destination in India with growth potential, emphasizing its location, business environment, and governance. The delegation noted Uttar Pradesh’s potential in Industrial development and its importance for Korean investment.
The Korean delegation proposed establishing a Korea-India Economic Forum between the Korean International Trade Association (KITA) and India, focusing on Uttar Pradesh, to explore business opportunities in India, particularly in Uttar Pradesh.
The delegation expressed interest in utilizing the potential markets of Uttar Pradesh market and its manpower to expand operations and support the state's economic growth. They thanked the reception and hospitality and committed to exploring furtInvest UP Catalyzes Potential Korean Investments in Uttar Pradeshher investment opportunities in Uttar Pradesh. The meeting at the Invest UP office signifies progress in economic cooperation between South Korea and Uttar Pradesh, aiming for partnership and prosperity.
