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Korea International Trade Association
The Korea International Trade Association (KITA) (Korean: 한국무역협회, Hanja: 韓國貿易協會) is a private non-profit trade organization founded in 1946 with 105 traders as its founding members. It is one of Korea's largest umbrella economic organizations and has more than 70,000 member firms, representing almost the entirety of Korea's international trade community. KITA’s activities include support for overseas marketing and investment, promotion of international cooperation, provision of trade information and research, training of international trade specialists, and trade related consulting (including arbitration of trade disputes and policy recommendations for the government). KITA runs the World Trade Center Seoul (WTCS), commonly known as COEX, which includes two large office complexes, the Trade Tower and ASEM Tower. The WTCS has a number of subsidiaries and affiliates, including the COEX Convention & Exhibition Center and COEX Mall. KITA owns KTNET (Korea Tra ...
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Korean Language
Korean ( South Korean: , ''hangugeo''; North Korean: , ''chosŏnmal'') is the native language for about 80 million people, mostly of Korean descent. It is the official and national language of both North Korea and South Korea (geographically Korea), but over the past years of political division, the two Koreas have developed some noticeable vocabulary differences. Beyond Korea, the language is recognised as a minority language in parts of China, namely Jilin Province, and specifically Yanbian Prefecture and Changbai County. It is also spoken by Sakhalin Koreans in parts of Sakhalin, the Russian island just north of Japan, and by the in parts of Central Asia. The language has a few extinct relatives which—along with the Jeju language (Jejuan) of Jeju Island and Korean itself—form the compact Koreanic language family. Even so, Jejuan and Korean are not mutually intelligible with each other. The linguistic homeland of Korean is suggested to be somewhere in ...
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Hanja
Hanja (Hangul: ; Hanja: , ), alternatively known as Hancha, are Chinese characters () used in the writing of Korean. Hanja was used as early as the Gojoseon period, the first ever Korean kingdom. (, ) refers to Sino-Korean vocabulary, which can be written with Hanja, and (, ) refers to Classical Chinese writing, although "Hanja" is also sometimes used to encompass both concepts. Because Hanja never underwent any major reforms, they are mostly resemble to ''kyūjitai'' and traditional Chinese characters, although the stroke orders for some characters are slightly different. For example, the characters and as well as and . Only a small number of Hanja characters were modified or are unique to Korean, with the rest being identical to the traditional Chinese characters. By contrast, many of the Chinese characters currently in use in mainland China, Malaysia and Singapore have been simplified, and contain fewer strokes than the corresponding Hanja characters. In Japan, s ...
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Non-profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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Trade Organization
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political influence One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence public policy in a ...
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Marketing
Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasize in advertising; operation of advertising campaigns; attendance at trade shows and public events; design of products and packaging attractive to buyers; defining the terms of sale, such as price, discounts, warranty, and return policy; product placement in media or with people believed to influence the buying habits of others; agreements with retailers, wholesale distributors, or resellers; and attempts to create awareness of, loyalty to, and positive feelings about a brand. Marketing is typically done by the seller, typically a retailer or manufacturer. Sometimes tasks are contracted to a dedicated marketing firm or advertising agency. More rarely, a trade association or government agency (such as the Agricultural Marketing Servic ...
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Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ...
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International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization ...
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World Trade Center Seoul
World Trade Center Seoul (WTC Seoul) () is a building complex centered on the COEX Convention & Exhibition Center (Coex) on Teheranno in Samseong-dong, Gangnam-gu district of Seoul. It is operated by Korea International Trade Association, KITA (Korea International Trade Association). Notable Facilities * COEX Convention & Exhibition Center * Trade Tower *Starfield COEX Mall, COEX Mall - underground shopping center * COEX Aquarium * ASEM Tower *Korea City Air Terminal *Hyundai Department Store In popular culture * The interior of the penthouse of the Oakwood Premier COEX Center was used as a filming location for the Paris home, in the first three episode, of male lead, Han Ki-joo played by Park Shin-yang, in Seoul Broadcasting System, Seoul Broadcasting System (SBS)'s drama ''Lovers in Paris''. *''Legally Blonde (musical), Legally Blonde, The Musical'': 16 November 2012 to 17 March 2013, CoexArtium, starring Jung Eun-ji of A Pink. Administration The section of sidewalk along Yeo ...
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COEX Convention & Exhibition Center
Coex Convention & Exhibition Center (Coex) located in Samseong-dong of Gangnam-gu district, Seoul, is one of South Korea's convention and exhibition centers. Coex is serviced by Samseong Station on line 2 and Bongeunsa Station on line 9 of the Seoul Subway. The 836-meter (914-yard) section of sidewalk along Yeongdong Boulevard from exit No. 5 of Samseong Station on Seoul Subway Line 2 to exit No. 7 of Bongeunsa Station on Seoul Subway Line 9, outside Convention & Exhibition Center and ASEM Tower is designated as a smoke-free zone by the Seoul Metropolitan Government. Notable events * The 2000 Asia-Europe Summit (ASEM) * 2010 G-20 Seoul summit - November 2010 * 2012 Nuclear Security Summit - 26–27 March 2012 * International Congress on Mathematical Education The International Commission on Mathematical Instruction (ICMI) is a commission of the International Mathematical Union and is an internationally acting organization focussing on mathematics education. ICMI was founde ...
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COEX Mall
Starfield COEX Mall (formerly known as COEX Mall), containing COnvention centers, EXhibition halls and many malls, is an underground shopping mall in Gangnam-gu Seoul, South Korea. It has an area of about , of which are on a single underground floor, making it the world's largest underground shopping mall. The mall is located at Samseong-dong served by Samseong Station on Seoul Metro Line 2, at the intersection of Teheranno and Yeongdong Dae-ro. The COEX Mall is adjacent to the COEX Convention & Exhibition Center, which is part of the COEX complex, run by the Korea International Trade Association (KITA). Along with hundreds of shops, the mall houses two food courts, MegaBox (cinema), COEX Aquarium and a large bookstore, but the Kimchi Fields Museum has moved to Insadong. It features a game area that is used to film computer game tournaments, which are broadcast on local television. There are stages inside and outside the mall for seasonal events and public appearances by cel ...
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KTNET
Korea Trade Network (KTNET) is a South Korean paperless trade service provider. KTNET is designated as the National Paperless Trade Platform Operator, Customs Network Service Operator, and electronic Bill of Lading Registry and Purchase Certificate Issuing Agency by the Korean government. In accordance with the Korean government's basic plan for comprehensive trade automation, KTNET was established in 1990 with funding from the Korea International Trade Association (KITA). KTNET, which the government designated as a trade automation business (presently known as National Paperless Trade Infrastructure Operator) in 1992, has contributed to the innovative improvement of trade processes and reduction of trade-related expenses by realizing automation services for all complex processes of export & import businesses through establishment of paperless trade infrastructure. It affects US$5.57 billion annually in trade and services. Through a trade system linking about 97,000 customers an ...
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Seoul Subway Line 9
Seoul Subway Line 9, operated by Seoul Metro Line9 Corporation, is a subway line in Seoul. The line runs east from Gaehwa Station (local train terminal) or Gimpo Airport Station (express train terminal, connecting to Line 5 and Airport Railroad) along the south bank of the Han River towards VHS Medical Center in Gangdong. In 2019, Line 9 has an annual ridership of 225 million or about 616,000 people per day. Line 9 was constructed as a double track subway, but several stations feature passing loops enable express trains to overtake local trains. Express trains run around five times per hour in each direction. All stations are equipped with elevators, escalators, and platform screen doors. Phase 1 (Gaewha to Sinnonhyeon) was the first privately run subway line in Korea. The franchisee of phase 1 is Seoul Metro Line 9 Corporation (SML9), who oversaw the construction of the phase 1. SML9 contracted the operation to Seoul Line9 Operation (SL9), a joint venture of Hyundai Rotem ...
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