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  Business
Argentina Woos South Korean Investors
Ambassador Carlos Arganaraz Hosts Investment Seminar
By Andrew Harris
Staff Writer & Assistant Editor
Argentine Ambassador to Seoul Carlos A. Arganaraz

Argentine Ambassador to Seoul Carlos A. Arganaraz
held a special event entitled "Investment Environment in Argentina" for South Korean investors from a spectrum of industries at the Banyan Tree Club & Spa in Seoul on Oct. 25, 2011.

The investment dinner seminar attracted nearly 100 local would-be investors from various business sectors.

Among the participants were Choi Jae-Ok, president of Lotte International Co., Ltd.; Ronald G. Rocher, managing director of Tenaris Global Services Korea; and Park Yoo-Jung Park, president of Mendoza Wine Korea; and David H. Yang, foreign attorney of Shin & Kim.

The seminar consisted of three speeches. Opening remarks were delivered by Arganaraz. Rocher followed, speaking on Argentina’s economy and business structure. Yang concluded, overviewing the country’s business laws and foreign trade regulations.

Through the speeches and presentation a variety of aspects of business and economic situations in Argentine were introduced to the audience.

Among them were:

— Sustained economic growth
— Skilled human resources
— Abundant natural resources
— High quality of life
— Vibrant culture
— Modern infrastructure
— Investment-friendly public sector

Argentine Ambassador Arganaraz described the event as an “occasion to celebrate the huge potential for shared growth that stands before us.”

The ambassador also introduced that Argentina stands out as a privileged destination for investments in industries such as Food & Beverages.

He also pointed out that Argentina is one of the world’s leading producers and exporters of biofuels.

Argentina is the third largest producer of biofuels.

“Software and IT offers a dynamic network of technological development centers,” the ambassador continued. “We also possess large deposites of a wide range of minerals resources.”

He said that wine making also attracted strong investments from renowned winers from around the world.

“Argentina is the fifth preferered location in the world for value-added professional services.

“You can enjoy the huge potential for shared growth standing before us,” he urged the audience.

South Korea and Argentina established formal diplomatic relations in 1962. In 2010, Argentinian President Cristina Fernandez visited South Korea for the G20 Seoul summit.

In that year, South Korea’s exports to Argentina totaled $910 million, while imports totaled $800 million. There are currently around 25,000 Koreans living in Argentina, forming the fifteenth largest Korean-diaspora in the world.

For details or inquiries call the Embassy of Argentina in Seoul at 798-1145 or leave Email at ecorecom@mrecic.gov.ar for Counselor Alicia Irene Falkowski.



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