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S. Korea, Israel Sign R&D Accord
Israeli Vice Premiere Ehud Olmert in Seoul
By Oxana Davydenko
Staff Reporter
Vice Prime Minister Ehud Olmert of Israeli offers toast at the business luncheon at the Grand Hyatt Hotel.

South Korea and Israel signed an agreement on Jan, 17, 2005 in Seoul to pave the way for South Korea to participate in EUREKA, a joint European R&D project.

The two countries also agreed to raise funds of US$9 million over the next three years as part of efforts to strengthen cooperation in research and development (R&D) in the private sector.

The bilateral accord to that effect was signed at the end of a meeting between Commerce, Industry and Energy Minister Lee Hee-Beom and his Israeli counterpart Ehud Olmert. Olmert is concurrently Israel's deputy prime minister.

Thanks to the agreement, South Korea will be able to venture into emerging markets as well as tap into Israel's advanced technology in biotechnology, electronics and space technology, a ministry official said. The EUREKA project, instituted in 1985, involves 2,000 R&D institutions and spends about 1.9 billion euros on 678 projects every year.

Dr. J.B Lee (KORIL-RDF), Dr. Paul Chang (ICA), Mr. J.H.Kah (SK TELECOM), Mr. David Lee (ICA) and other person pose for a camera at the seminar at the Grand Hyatt Hotel.

International Cooperation Agency for Korea IT (ICA), The Israel Export & International Cooperation Institute, Israeli Embassy in Seoul held a seminar on promoting Israeli-Korean IT businesses and business lunch at the Grand Hyatt Hotel on Jan. 18, 2005 on the occasion of Israeli Vice Prime Minister Ehud Olmert's visit to Seoul. The seminar titled "Korea-Israel Telecommunications & IT Forum 2005," took place at 10 a.m. at the Tulip & Lotus Room on the hotel's second floor.

In a telephone interview with The Seoul Times Jan. 13, 2005, Director Lee said that the objectives of the seminar are to promote R&D in IT and the telecommunications field of both countries. The seminar is also aimed at exploring chances for both Israeli and South Korean businesses to jointly advance into the overseas market.

"In particular, Israeli companies are trying to tap the South Korean market and this seminar will help them realize their objectives," said Director Lee. "They are also seeking opportunities to develop technologies jointly with South Korean partners."

Seminar on promoting Israeli-Korean IT businesses at the Grand Hyatt Hotel.

The seminar was attended by a number of IT and Telecomm companies from both countries and Korean media representatives. Among the guests from Korean profile society were high-ranking officials — Dr. Chin Dae-Je, South Korean minister of information and communication, Mr. Cho Sung-Kap, chairman of the International Cooperation Agency for Korean IT (ICA). SK Telecom, KTF, KT, Intro Mobile, and other IT-related companies joined the seminar.

There were 50-member a highly professional business delegations from Israel, inclusive leaders in the telecommunication and E-Leaning sectors.

After congratulatory remarks of chairman of ICA, deputy director general of the Israeli telecommunications ministry's High Tech Division, Ofek Yair, was delivered a presentation on the Israel`s IT and Telecommunication industries.

Chairman Park Seong-Chan of the newly-formed KIBA (Korean Contents Industry and Business Association) and Dr. Shuki Gleitman, representative of the Israeli Mobile Association sign a MOU on business cooperation.

Israel is one of the country`s major export sector. In many segments of the telecommunications market, Israeli products and services rank as some of the world`s most advanced, with Israel a leading global supplier, Yair said.

Israel`s advanced national telecommunication infrastructure allows high-tech companies to compete on an equal basis with their competitors abroad and thus facilitates the growth of Israeli high-tech firms.

Ofek Yair described the current affairs of Israeli IT Industry. The topic was focused on an Israeli export, major international activities, industry excellence areas of telecommunication. Israel is one of the largest world center of start-up enterprises, with approximately 1000 active star-ups, the head of delegation said.

Chairman Cho Sung-Kap of International Cooperation Agency for Korea (ICA)

He emphasized that Israel has own satellites, the last one has been launched in 2003. They were designed, manufactured, and are controlled by Israeli organizations and provides communication, remote sensing, and research services for nation needs.

In addition Ofek Yair voiced confidence that it is necessary to enhance economic ties in the field of IT between two countries. We want to cooperate. Not only to sell," he summed up.

From the Korea side Jang Jun-Ha, managing director of ICA, made a presentation: "Overview of Korean IT Industry." He expressed in brief a weight of Korea IT industry, the prospect of Korea IT export, the Korea IT ranking in the world and the role of ICA in particularly.

Cho Sung-Kap, chairman of ICA, communicates with Amb. Uzi Manor of Israel.

Other presentations by business sectors include "Israeli Success Story in Korea" by an Emblaze Group official, Yona Itzik, and "Korean Success Story in Israel" by a vice-president of global business division of SK Telecom.

Right before luncheon at Grand Hyatt Hotel the Vice Prime Minister Olmert met with Dr. Chin Dae-Je, South Korean minister of information and communication and discussed ways to increasing exchanges in telecommunications fields of the two countries.

Also two ministers were presented in the signing ceremony in which Chairman Park Seong-Chan of the newly-formed KIBA (Korean Contents Industry and Business Association) signed a MOU on business cooperation with Dr. Shuki Gleitman, representative of the Israeli Mobile Association.

Vip participants at the seminar

At opening the working luncheon the Israeli vice premier and minister of information and communication offered a toast with his foreign colleague Chin Dae-Je and other businessmen. Two conglomerates — Samsung and LG are widely present in Israel and Israelis are familiar with the two multinationals.

"I plan to propose bilateral investment treaties between my nation and the two largest companies of South Korea," Olmert said. Also he expressed an intention to boost bilateral trade and examine mutual business opportunities.


Related photos

Vice Prime Minister Ehud Olmert of Israeli
Minister Chin Dae-JeIsraeli Amb. Uzi Manor
Chairman Cho Sung-Kap of International Cooperation Agency for Korean IT (ICA) poses for a camera at his office in Seoul.



Other Articles by Oxana Davydenko
    Amb. Umana’s Daughter Weds Rontgen
    Egyptian Soccer Team Beats Korean Team 1- 0
    First-Ever Hungarian Lace Exhibition in Seoul
    EKF Helps Needy, Estranged Kids
    Australia Showed It All on Australia Day
    Canada-Korea Symposium Planned in Toronto
    Amb. Jerandi Hosts Reception for Women
    "Bulgaria Eager for Economic Cooperation"
    It's Vacation Time for Most Embassies
    SAIT Hosts X-Mas Party for Alien Scientists
    "South Korea to Import Algerian Wine"
    Malaysia Hosts Party on Han River Boat
    "SIFF 2004" Held Successfully in Seoul


Ms. Oxana Davydenko serves as staff reporter for The Seoul Times. She covers foreign embassies in Seoul with a particular focus on Russia, and Eastern European embassies. Davydenko also covers international cultural events including business. Previously she worked as a journalist for Kommersant business daily in Russia. She majored in journalism at the Voronezh State University.

 

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  Other Articles by Oxana Davydenko
Amb. Umana’s Daughter Weds Rontgen
Egyptian Soccer Team Beats Korean Team 1- 0
First-Ever Hungarian Lace Exhibition in Seoul
EKF Helps Needy, Estranged Kids
Australia Showed It All on Australia Day
Canada-Korea Symposium Planned in Toronto
Amb. Jerandi Hosts Reception for Women
"Bulgaria Eager for Economic Cooperation"
It's Vacation Time for Most Embassies
SAIT Hosts X-Mas Party for Alien Scientists
"South Korea to Import Algerian Wine"
Malaysia Hosts Party on Han River Boat
"SIFF 2004" Held Successfully in Seoul



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