August 24, 2007, co-sponsored by CCPIT and ROK Trade and Investment Promotion Commission, the ROK-bound Investment Policy and Practice Seminar was held in Shanghai. This seminar was chaired by CCPIT Vice Chairman Zhang Wei, who delivered a speech. More than 150 people, including government officials and business representatives, have attended the seminar.

In his speech, Zhang Wei said that this year marks the 15^th anniversary of China-ROK diplomatic ties, as well as China-ROK friendship year. For the past 15 years, economic and trade relations between China and ROK have undergone fundamental development, with both of the countries becoming each other’s important trade partner. By the end of 2006, South Korean investment bound in China has reached $35 billion, and the number of ROK enterprises operated in China has broken 40 thousand. Vice versa, Chinese investment bound in ROK has been on the rise, reaching $890 million by the end of last year.

Deputy Director of ROK Trade and Investment Promotion Commission also made a speech at the seminar, saying that the ROK market has become a trial base for new products and technologies to compete globally. ROK enjoys comparative advantage in internet technology, and other industries, ranging from semiconductor to logistics, also develop in a healthy and rapid manner. ROK and China are nearby countries with similar cultures and complementary economies. The commission will work closely with CCPIT in joint efforts to facilitate bilateral trade and economic cooperation.

The seminar was chaired by Wang Li, Deputy Director of Information Department, CCPIT.