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MBDA Exploring Partnership with the Korea Trade-Investment Promotion Agency

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Created on October 23, 2015

On October 14th, MBDA signed a Memorandum of Intent (MOI) with the Korea Trade-Investment Promotion Agency (KOTRA), an agency of the Government of the Republic of Korea that aims to make the most of South Korea’s expansive free trade network by supporting partnerships and cooperation between South Korean and foreign companies.  For the  signing of the MOI, MBDA was represented by National Director Alejandra Y. Castillo, while KOTRA was represented by President and CEO Jaehong Kim who is visiting from South Korea as a member of the delegation accompanying the South Korean President Park Geun-hye’s visit to Washington, D.C. last week.

The MOI focuses on exploring partnerships between Korean diaspora owned businesses in the U.S., other U.S. minority owned businesses, and interested South Korean companies for joint ventures and other business opportunities.

The signing ceremony took place as an extension of a business to business focused event titled the U.S.-Korea Business Innovation Partnership in which South Korea’s President Park Geun-hye delivered remarks that supported increased collaboration on manufacturing and innovation. The U.S.-Korea Business Innovation Partnership, hosted by the U.S. based National Association of Manufacturers (NAM), the Korea Chamber of Commerce & Industry (KCCI), and KOTRA included participation by leading entrepreneurs, executives, researchers, and officials from the United States and Korea that came together to address key challenges and opportunities in technology, innovation and entrepreneurship.

MBDA extends a special thank you to Josh Yoon from our Riverside MBDA Business Center for making this partnership possible.

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MBDA Agency

MBDA Agency