The World Federation of Overseas Korean Traders (OKTA; World-OKTA) said on the 4th that it signed a memorandum of understanding (MOU) with the Shenzhen General Chamber of Commerce (深圳市商业联合会) to jointly promote the 2026 Korea-China Economic and Trade Exchange Expo.

From right, Park Jong-beom, president of the World Federation of Overseas Korean Traders Associations (OKTA), and Lim Hye, president of the Shenzhen City Chamber of Commerce in China, pose for a commemorative photo after signing a memorandum of understanding (MOU) to jointly promote the 2026 Economic and Trade Exchange Expo. /Courtesy of World Federation of Overseas Korean Traders Associations (OKTA)

The agreement was prepared to expand and reorganize the 30th World Korean Business Convention, which World-OKTA plans to hold in China in October, into the 2026 Korea-China Economic and Trade Exchange Expo. The two organizations agreed to build a business platform with participation from Korean and Chinese corporations, institutions, and buyers, and to support domestic corporations in entering the Chinese market and securing local networks.

The Shenzhen General Chamber of Commerce, which partnered with World-OKTA, is a core economic body in the Shenzhen area composed of leading Chinese corporations such as Tencent, Huawei, BYD, TCL, Ping An, and Vanke. World-OKTA said it plans to support the expo in serving as a bridge that connects export outcomes of economic cooperation between Korean and Chinese private corporations. To that end, it will leverage the global overseas Korean business network.

The two organizations also agreed under the MOU to lay the groundwork for co-hosting the expo. They plan to cooperate on attracting participating corporations and buyers, linking local corporation networks, and supporting promotion and operations for the event.

Park Jong-beom, chair of World-OKTA, said, "We will expand the 30th World Korean Business Convention into the 2026 Korea-China Economic and Trade Exchange Expo and host it successfully, and we will do our utmost to support domestic corporations in entering the Chinese market and to build a sustainable Korea-China business ecosystem."

Lim Hye, head of the Shenzhen General Chamber of Commerce, said, "We expect exchanges between corporations to deepen with this agreement," adding, "We will spare no active support and cooperation to ensure the successful hosting of the expo and to generate tangible outcomes in economic cooperation."

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