Maryland to partner with Seoul, South Korea, in business

Hope is to increase science and technology investments

April 20, 2011|By Andrea K. Walker, The Baltimore Sun

Gov. Martin O'Malley will meet with the mayor of Seoul, South Korea, on Thursday to announce an agreement to increase the business relationship between the two places, his office said this afternoon.

O'Malley and Oh Se-hoon will sign a memorandum of understanding that will outline efforts to increase investment and trade opportunities between Maryland and Seoul.

The two places are particularly interested in increasing investments in science and technology development, O'Malley's office said.

Last year, the Maryland Department of Business and Economic Development's Office of International Trade and Investment engaged more than 250 Asian companies. These talks resulted in six new firms from China and Korea moving to Maryland. The state also assisted 75 Maryland companies export their products to Asia, helping to generate $65 million in sales.

andrea.walker@baltsun.com

Twitter.com/ankwalker

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