Korean President Park to visit Germany; After Park’s father visited Germany, Korea’s per capita GDP soared from $80 to $24,000 and the aggregate GDP reached $1.1 trillion

President to visit Germany
Kim Seon-gul, Lee Sang-duk
2014.03.21 15:26:05
South Korean President Park Geun-hye is scheduled to make a four-day state visit to Germany from March 25.
Germany provided a textbook example for the incumbent President and her father, former President Park Chung-hee. After Park’s father visited Germany, Korea’s per capita gross domestic product (GDP) soared from $80 to $24,000 and the aggregate GDP reached $1.1 trillion as of last year, coming in at 15th in the world. The Korean leader is set to focus on learning from the German experience of reunification during the trip. Park on March 26 will make a trip to the Brandenburg Gate, a monumental gate of Germany and discuss cooperation for unification and conditions surrounding the Korean Peninsula and Northeast Asia with the German chancellor Angela Merkel.
The itinerary on March 27 includes visiting photo exhibition of division of Korea and Germany and meeting those who played a leading role in Germany’s reunification including former foreign minister Hans-Dietrich Genscher to learn from their experiences.
President Park on this day will head for Dresden, former East German territory to look around monument to reunification and reconciliation, becoming the first Korean President to visit there. Then, she will deliver speech at Dresden University of Technology.
Korea and Germany have turned from aid recipients to donors half a century ago. The latest state visit is the largest ever, accompanying 105 economic advisors. Cho Won-dong, chief presidential economic advisor said, “the two nations will sign as many as Memorandum of Understanding (MOU) to solidify partnership in terms of economic areas including human and technological exchanges.”
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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