Chennai: Over 60 Korean companies participated in a seminar conducted by Consulate General of the Republic of Korea in Chennai and Tamilnadu Industrial Guidance and Export Promotion Bureau.
More than 3,00,000 jobs have been created by Korean companies in Tamilnadu. Korean companies contribute in overseas exports of India, compared to others focused on domestic market. Hyundai Motor is the largest automobile exporter of India exporting 2,00,000 cars to 90 countries including Middle East and Latin America among others. Thirty per cent of the entire automobile export of India, through which Korean companies realize and lead “Make in India” initiative, said a press release.
The Government of Tamil Nadu emphasised on the necessity and advantages in investing in Tamilnadu. The seminar covered corporate taxes of India revised on Oct 2019 and changes on regulations effective from 2020, corporate legal disputes and counterplan, corporate planning on corporate social responsibilities and social contributions to the community of Tamilnadu, added the release.