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Korea Marine Equipment Association opens office in Singapore

Korea Marine Equipment Association opens office in Singapore
The Korea Marine Equipment Association (KOMEA) has set up its first overseas representative office in Singapore, leveraging on the city-state’s status as a marine hub.

Park Yoonso, chairman of KOMEA, commented: “This is a pioneering project for the marine and shipbuilding industry. Both Korea and Singapore are key players in the industry, and this project aims to complement their strengths and weaknesses.”

Park noted that South Korea is good in manufacturing while Singapore is more developed for marketing and globalisation.

KOMEA intends to use the Singapore office to cover up to 50 businesses from Korea by 2018, and to continually create a conducive business environment for KOMEA’s partners.

“We will endeavour to build more partnerships and invite more Korean marine companies to initiate their business in Singapore,” Park said. “Over time, we hope to build a community of strong marine players in our co-operative space.”