February 21, 2024
The Seoul skyline at nightfall. Photograph by way of Pixabay

San Diego Mayor Todd Gloria and Board of Supervisors Chairwoman Nora Vargas will lead a binational commerce mission to South Korea starting Friday.

In the course of the four-day mission organized by the World Commerce Heart San Diego, regional civic and enterprise leaders will go to Seoul, Incheon and Gyeonggi Province in an effort to construct institutional relationships and entice overseas funding to San Diego.

South Korea has the thirteenth largest economic system on the planet, falling simply behind Mexico, in line with the Worldwide Financial Fund. South Korean-based firms like Samsung and Hyundai already make use of 850 individuals in San Diego.

“South Korea is a essential world market and a pure companion for San Diego as we share complementary strengths within the life sciences, clear vitality, and biotechnology sectors,” stated Gloria. “I’m proud to once more be a part of the World Commerce Heart San Diego on a commerce mission to strengthen enterprise relationships and develop high quality jobs right here at house for San Diegans.”

Nikia Clarke, government director of the World Commerce Heart, stated the binational area is a wonderful location for South Korean firms to arrange operations.

“With San Diego’s innovation ecosystem, Imperial Valley’s clear vitality management, and Tijuana’s superior manufacturing prowess, we’ve all the required items to anchor the provision chains of the long run: collaboratively, effectively, and sustainably,” Clarke stated.

The commerce delegation will embrace representatives from Illumina, Qualcomm, Viasat, ASML, Cubic, NASSCO, Gafcon, the Port of San Diego, San Diego Worldwide Airport, UC San Diego, San Diego State College, SANDAG, the Imperial Valley EDC and the Tijuana EDC.

The World Commerce Heart San Diego is an affiliate of San Diego Regional Financial Growth Corp.