Invest Hong Kong (InvestHK) hosted a seminar in Seoul today (January 19), encouraging local companies to leverage Hong Kong's business opportunities as well as its strategic location to enter the Mainland and other Asian markets via Hong Kong.
 
      The seminar, entitled "Hong Kong: Where Business Goes to Grow", was co-organised by InvestHK and the Korea Chamber of Commerce and Industry. It was also supported by the Hong Kong Economic and Trade Office. Addressing over 180 audience members from leading companies in various sectors at the seminar, Associate Director-General of Investment Promotion at InvestHK Mr Francis Ho highlighted the business opportunities Hong Kong has to offer for Korean companies.
 
      Mr Ho said, "The bilateral trade between Hong Kong and Korea reached over HK$226 billion in 2015. With the close business relations between Korea and Hong Kong, Korean investors can make good use of our strategic location at the heart of Asia and our role as the 'super-connector' between the Mainland and the world to expand in the Mainland and other parts of Asia."
 
     He explained that Hong Kong as the international business hub has an independent judiciary and rule of law, a low and simple tax system, free flow of capital and information, a workforce with international and Mainland perspectives, and a level playing field. In addition, the Comprehensive Double Taxation Agreement between Korea and Hong Kong entered into force in September 2016. All these make the city the perfect platform for Korean companies to get access to the Mainland and Asian markets.
 
      Other speakers included Tax Partner of Deloitte Anjin LLC Mr Lee Ki-soo; the Director of Deep Blue Korea-HK Services Limited, Mr Ted Kim; and the Head of International Relations at the Korea office of the Hong Kong Trade Development Council, Mr Benjamin Yau. They provided the latest update on Hong Kong business environment as well as practical tips on capitalising on the Comprehensive Double Taxation Agreement to do business in Hong Kong.
 
 About InvestHK
 
      InvestHK is the department of the Hong Kong Special Administrative Region Government established in 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong’s vibrant economy. For more information, please visit www.investhk.gov.hk.
 
      For an event photo, please visit www.flickr.com/photos/investhk/albums/72157675586836474.
 

Ends/Thursday, January 19, 2017
Issued at HKT 16:55

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