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Hong Kong Hosts Grand Reception in Seoul to Mark 20th Anniversary of Its Handover to China
Principal Representative Shirley Yung of Hong Kong Economic and Trade Office speaks at Dinner Reception held in Seoul on July 25, 2017 to mark the 20th anniversary of its handover to China.

As elsewhere around the world as well as Hong Kong, a grand reception was held here in Seoul on July 25, 2017 on the occasion of 20th anniversary of Hong Kong's handover to China.

The dinner reception held at the Westin Chosun Hotel in downtown Seoul at 6:30 p.m. on the day drew hundreds of high-profile local Korean and other guests from Hong Kong.

It was hosted by Principal Representative Shirley Yung of Hong Kong Economic and Trade Office. She delivered a welcoming speech in front of the large crowd, emphasizing the ever growing ties between the Hong Kong Special Administrative Region (SAR) and South Korea.

Principal Representative Shirley Yung (center) of Hong Kong Economic and Trade Office poses with other VIP participants from Hong Kong and S. Korea.

Hong Kong has always been one of the five major trade partners for South Korea with active exchanges in trade and investment, culture, and tourism areas.

In 2015 South Korea exported to Hong Kong over 30 billion US dollars worth of goods, making Hong Kong the third largest exporting market after USA and China proper. South Korea enjoys large amount of trade surplus from Hong Kong.

South Korea exports such items as semi-conductors, mobile phones, computer parts, cosmetics, fashion items, and
pharmaceuticals to Hong Kong.

According to the Hong Kong Economic and Trade Office, an
"Investment Promotion and Protection Agreement" was signed between Hong Kong and South Korea on June 30, 1997 to bolster trade and economic exchanges.

Principal Representative Shirley Yung (center) of Hong Kong Economic and Trade Office poses with S. Korean participants in the dinner reception held at Westin Chosun Hotel in Seoul on July 25, 2017 on the occasion of the 20th anniversary of Hong Kong's handover to China.

As of June of 2012 numerous South Korean companies established 21 regional headquarters, 38 regional offices, and 72 Hong Kong offices.

By July 2016 South Korea's investment to Hong Kong amounted to 24 billion dollars whereas Hong Kong's investment to South Korea reached 4.3 billion dollars.

South Korea opened its Consulate Office in Hong Kong in May, 1949. In November in the same year South Korea established its Consulate General Office in the city. South Korea Trade Office was set up in Hong Kong in November, 1962.

A lot of South Korean tourists visit Hong Kong. Nowadays young office workers, particularly ladies, visit Hong Kong for shopping and for gourmet experience.

In 2015, over 1.24 million Koreans went to Hong Kong while a little over half a million people from Kong Kong visited South Korea.

Currently, a total of 12,646 South Koreans reside in Hong Kong. Among them were over 1,000 students from South Korea.




 

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