BDA Partners with KITIA, an Agency of the Korean Government, to Advise on the International Growth of Korean Companies
BDA signed an MoU with KITIA, the Korea core Industrial Technology Investment Association. BDA and KITIA will work together to identify and execute acquisitions, alliances and investments for Korea's components and materials companies.
Seoul, Korea, South, May 18, 2009 --(PR.com)-- Business Development Asia LLC (“BDA”) is working with various Korean Government agencies to advise on future acquisitions by Korean components and materials companies around the World. BDA will seek to facilitate and initiate alliances, JVs and investment initiatives to reinforce Korea's leadership position in the global technology industries.
KOTRA, the Korea Trade-Investment Promotion Agency, hosted the “2009 KOR-US Partnering Week” at the IBM Palisades Center on May 6th-7th to promote and strengthen collaboration in the technology industry.
At that event, BDA signed an MoU with KITIA, the Korea core Industrial Technology Investment Association. BDA and KITIA will work together to further the ambitions of the Korean technology industry. Mr. Yang Woo Park, Executive Vice Chairman of KITIA, and Euan Rellie, Senior Managing Director of BDA, both signed the document, and pledged to work closely together in the future. Senior representatives from the Korean Ministry of Knowledge Economy, MKE, also attended the signing ceremony.
The conference provided multinational company leaders in the US with the opportunity to conduct one-on-one meetings with leaders from emerging Korea-based companies. Experts in various sectors gave an overview of the Korea's high tech markets, and of the components and materials manufacturing environment. BDA met a number of Korean and Western companies at the conference, to discuss business collaboration strategies, including joint R&D, M&A, licensing, tech transfer, and sourcing.
BDA has extensive past experience of working for Governments and quasi-Government clients in the UK, continental Europe, Asia and the Middle East.
“We are pleased to be working with BDA to implement growth strategies for our most promising components and materials companies”, said Mr. Yang Woo Park, Executive Vice Chairman of KITIA.
“BDA is committed to advising Western and Asian clients who want to combine their businesses, and to grow together. The Korean tech industry represents an important focus and opportunity for BDA's business. We look forward to delivering concrete results for Korean and Western companies, and to a fruitful collaboration with these Korean Government agencies. We are proud to have been selected by KITIA, KOTRA and MKE to work with them”, said Euan Rellie.
BDA Korea growth team
Euan Rellie, Senior Managing Director
Heejun Yang, Senior Associate
Jay Shin, Associate
About KITIA
KITIA (the Korea core Industrial Technology Investment Association) was set up by the Korean Govt in 2001 as part of a 10-year plan to promote the components and materials industry, as the main force to lead Korean exports. The association is in charge of investment evaluation for the components and materials technology development project, which discovers those core technologies that will succeed in the global markets, and supports them through a matching fund between the government and the private sector.
About KOTRA
KOTRA (Korea Trade-Investment Promotion Agency) was established in 1962 as a national trade promotion organization. Since then, it has facilitated Korea's rapid export-led development through as overseas market surveys and business matchmaking. Cross-border investment promotion and support for technological and industrial cooperation projects was added to KOTRA's mandate in 1995. KOTRA operates Invest KOREA, the national investment promotion agency. Invest KOREA was launched in November 2003 to support foreign investors. KOTRA pursues twin mandates of trade and investment promotion to enhance national prosperity and competitiveness, with the goal of positioning Korea as the business and economic hub of East Asia. With its experience and expertise, KOTRA assists interested parties worldwide to do business with Korea. KOTRA has opened an extensive worldwide network of overseas Korea Business Center (KBC). 95 KBCs are operating in 70 countries. KOTRA launched the interactive internet portal sites of Invest KOREA Online (formerly Cyber KISC) in 2003 and BuyKorea in 2004.
About MKE
The Ministry of Knowledge Economy (MKE) is a branch of the Korean government. It is concerned with regulating economic policy, especially with regard to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. The headquarters are located in the national government complex in Gwacheon, Gyeonggi Province. The current Minister is Lee Youn Ho. The Ministry began in 1948 as the Ministry of Commerce in the First Republic. In 1993 it was merged with the Ministry of Energy, established in 1977.
About Business Development Asia
Business Development Asia LLC was founded in 1996. BDA assists multinational corporate and financial sponsor clients to identify and execute crossborder acquisitions, divestments, JVs, restructuring and capital raising, in Asia, including the Middle East, and internationally. The company is headquartered in New York with offices in London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul, and Tokyo. BDA employs 50 full-time professional staff across eight offices, supplemented by a team of senior advisors. BDA's client list includes Air Liquide, Air Products, Apar Industries, Areva, Arkema, BorgWarner, Cadbury Schweppes, Celestica, DIC, DuPont, Ecolab, Federal-Mogul, Godrej, Hanjin Shipping, Haldex, Henkel, Hercules, Hershey, Huntsman, Inabata, ITT, Johnson Controls, Johnson Matthey, Kennametal, Kimberly-Clark, Lear, Lubrizol, Magna, Mars, Molex, Nalco, Reuters, Rohm & Haas, Ryder, Seera, Siemens, SigmaKalon, Sumitomo Chemical, Sun Chemical, TATA Auto Components, Tenneco, Thomson, Timken, Tomkins, Tredegar, Visteon, WestLB, WR Grace, and the British Government. Further information on BDA is available at www.bdallc.com.
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KOTRA, the Korea Trade-Investment Promotion Agency, hosted the “2009 KOR-US Partnering Week” at the IBM Palisades Center on May 6th-7th to promote and strengthen collaboration in the technology industry.
At that event, BDA signed an MoU with KITIA, the Korea core Industrial Technology Investment Association. BDA and KITIA will work together to further the ambitions of the Korean technology industry. Mr. Yang Woo Park, Executive Vice Chairman of KITIA, and Euan Rellie, Senior Managing Director of BDA, both signed the document, and pledged to work closely together in the future. Senior representatives from the Korean Ministry of Knowledge Economy, MKE, also attended the signing ceremony.
The conference provided multinational company leaders in the US with the opportunity to conduct one-on-one meetings with leaders from emerging Korea-based companies. Experts in various sectors gave an overview of the Korea's high tech markets, and of the components and materials manufacturing environment. BDA met a number of Korean and Western companies at the conference, to discuss business collaboration strategies, including joint R&D, M&A, licensing, tech transfer, and sourcing.
BDA has extensive past experience of working for Governments and quasi-Government clients in the UK, continental Europe, Asia and the Middle East.
“We are pleased to be working with BDA to implement growth strategies for our most promising components and materials companies”, said Mr. Yang Woo Park, Executive Vice Chairman of KITIA.
“BDA is committed to advising Western and Asian clients who want to combine their businesses, and to grow together. The Korean tech industry represents an important focus and opportunity for BDA's business. We look forward to delivering concrete results for Korean and Western companies, and to a fruitful collaboration with these Korean Government agencies. We are proud to have been selected by KITIA, KOTRA and MKE to work with them”, said Euan Rellie.
BDA Korea growth team
Euan Rellie, Senior Managing Director
Heejun Yang, Senior Associate
Jay Shin, Associate
About KITIA
KITIA (the Korea core Industrial Technology Investment Association) was set up by the Korean Govt in 2001 as part of a 10-year plan to promote the components and materials industry, as the main force to lead Korean exports. The association is in charge of investment evaluation for the components and materials technology development project, which discovers those core technologies that will succeed in the global markets, and supports them through a matching fund between the government and the private sector.
About KOTRA
KOTRA (Korea Trade-Investment Promotion Agency) was established in 1962 as a national trade promotion organization. Since then, it has facilitated Korea's rapid export-led development through as overseas market surveys and business matchmaking. Cross-border investment promotion and support for technological and industrial cooperation projects was added to KOTRA's mandate in 1995. KOTRA operates Invest KOREA, the national investment promotion agency. Invest KOREA was launched in November 2003 to support foreign investors. KOTRA pursues twin mandates of trade and investment promotion to enhance national prosperity and competitiveness, with the goal of positioning Korea as the business and economic hub of East Asia. With its experience and expertise, KOTRA assists interested parties worldwide to do business with Korea. KOTRA has opened an extensive worldwide network of overseas Korea Business Center (KBC). 95 KBCs are operating in 70 countries. KOTRA launched the interactive internet portal sites of Invest KOREA Online (formerly Cyber KISC) in 2003 and BuyKorea in 2004.
About MKE
The Ministry of Knowledge Economy (MKE) is a branch of the Korean government. It is concerned with regulating economic policy, especially with regard to the industrial and energy sectors. The ministry also works to encourage foreign investment in Korea. The headquarters are located in the national government complex in Gwacheon, Gyeonggi Province. The current Minister is Lee Youn Ho. The Ministry began in 1948 as the Ministry of Commerce in the First Republic. In 1993 it was merged with the Ministry of Energy, established in 1977.
About Business Development Asia
Business Development Asia LLC was founded in 1996. BDA assists multinational corporate and financial sponsor clients to identify and execute crossborder acquisitions, divestments, JVs, restructuring and capital raising, in Asia, including the Middle East, and internationally. The company is headquartered in New York with offices in London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul, and Tokyo. BDA employs 50 full-time professional staff across eight offices, supplemented by a team of senior advisors. BDA's client list includes Air Liquide, Air Products, Apar Industries, Areva, Arkema, BorgWarner, Cadbury Schweppes, Celestica, DIC, DuPont, Ecolab, Federal-Mogul, Godrej, Hanjin Shipping, Haldex, Henkel, Hercules, Hershey, Huntsman, Inabata, ITT, Johnson Controls, Johnson Matthey, Kennametal, Kimberly-Clark, Lear, Lubrizol, Magna, Mars, Molex, Nalco, Reuters, Rohm & Haas, Ryder, Seera, Siemens, SigmaKalon, Sumitomo Chemical, Sun Chemical, TATA Auto Components, Tenneco, Thomson, Timken, Tomkins, Tredegar, Visteon, WestLB, WR Grace, and the British Government. Further information on BDA is available at www.bdallc.com.
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BDA
Euan Rellie
212 265 5300
www.bdallc.com
Euan Rellie
212 265 5300
www.bdallc.com
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