South Korean Minister of Micro, Small and Medium Enterprises and Startups, Oh Young-joo, poses with Vietnamese Ambassador to South Korea, Vu Ho, and German Ambassador to South Korea, Georg Wilfried Schmidt, at a Vietnamese store in Kyungdong Market. (Photo: Khanh Van/VNA)
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South Korea’s Minister of Micro, Small and Medium Enterprises and Startups, Oh Young Joo, along with Vietnamese Ambassador to South Korea, Vu Ho, and German Ambassador, Georg Wilfried Schmidt, visited the traditional Kyungdong Market in central Seoul on September 13.
The visit took place a day before the Chuseok holiday, the most significant celebration in the Korean calendar.
Kyungdong Market is South Korea’s largest wholesale and herbal medicine market, and it is also home to a vibrant community of Vietnamese traders and businesspeople.
Minister Oh introduced the guests to the traditional market model and the events organized for the Chuseok holiday.
“Traditional markets remain popular among South Koreans throughout the year. During festivals, especially Chuseok, many people visit to experience the unique atmosphere and cultural traditions,” Minister Oh said.
He expressed confidence that South Korea’s traditional market model would gain more recognition from international visitors, promoting the country’s traditional products on a global scale. He envisioned traditional markets and their offerings as a future tourist attraction for international visitors to South Korea.
Minister Oh also mentioned that the national consumer festival, “September Donghaeng Festival,” had expanded internationally and was inaugurated in Hanoi in late August. This festival showcases excellent small and medium enterprise products from South Korea, with aspirations to succeed in foreign markets beyond Asia and across the world.
Minister Oh hoped that the collaboration between Vietnam and Germany, two crucial economic partners of South Korea, would foster economic development for all three nations.
South Korea is actively promoting the export of “Made in Korea” products to foreign markets, including Vietnam.
In an interview with VNA reporters in Seoul, Minister Oh Young Joo addressed the question of whether the South Korean government has policies to support the import of more Vietnamese products. He emphasized that trade is a two-way street and that increasing Vietnamese products in the South Korean market and having more Vietnamese traders in traditional markets benefit both countries.
He assured that the relevant South Korean agencies are dedicated to making this happen. The South Korean government has also been cooperative regarding procedures for importing Vietnamese livestock products into the country.
Most recently, the import process for Vietnamese grapefruit was finalized. However, the minister noted that importing seafood, livestock products, and produce requires strict compliance with food quarantine regulations. Therefore, policy cooperation is necessary to facilitate the import of more high-quality Vietnamese products into South Korea.
By Khanh Van
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