Exploiting the Asian market
By Martin Hall - 7 October 2015
Attractive incentives and extensive support are available for companies interested in reaching or supporting the food and drink market in north-east Asia.
This will be of interest to companies wanting to have a base in the region whether it be in raw material and ingredient supply, food manufacturing, supply logistics, distribution and packaging, equipment supply, technical services support, and training and consultancy.
Benefits include tax reliefs, tariff exemptions and subsidies for employment and education, as well as access to great technical support.
It is all part of an initiative driven and largely funded by the Korean Government. They are establishing a hub in South Korea to support the food sector in northeast Asia. It is essentially a self-contained ‘food production city’ - called FOODPOLIS - for aspirational food and drink businesses no matter how big or small. In addition to production facilities, the hub will provide an integrated network of business support, technical back-up, and pilot scale and research facilities.
Korea offers a highly advanced and dynamic environment with a culture of innovation in the food and drink sector. It is in a region where the business culture is straightforward, there are free trade agreements with the world’s major markets, and there is excellent protection for intellectual property – all vital in encouraging business success.
Campden BRI has been contracted by the Korean Government’s Ministry of Agriculture, Food and Rural Affairs to broker introductions for companies who are interested in finding out more, without obligation.
Please contact me for an informal discussion if you want to see how this might help you or your business.