South Korea's ICT ministry said Monday it plans to open a business center in Beijing that will support local tech exporters planning to tap the Chinese market and will lend a hand to the commercialization of their new technologies.
Under the plan, the Korea Innovation Center (KIC) will open its doors in Beijing by the end of 2015, aiming to work as a "bridgestone" for South Korean companies wishing to expand their global presence, the Ministry of Science, ICT, and Future Planning said.
"We plan to send a delegation to hold talks with related authorities to open the organization. Around five officials will be stationed at the KIC," an official from the ministry said.
The announcement came after Minister Choi Yang-hee pledged last month to provide full-fledged help to Beijing-based South Korean information and technology companies during his visit to China.
The ministry opened a KIC in the United States and one in Belgium in the 2013-2014 period. It said another KIC will open its doors in Moscow in the near future. (Yonhap)
