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A.L.B.A. expressed its satisfaction with the recent participation in the economic mission of the Italian companies in Korea, which was organised by Confindustria, in collaboration with ABI, the Ministry of Economic Development and the Ministry of Foreign Affairs and which took place on last November 20th to 23rd in Seoul.
Italian companies, which were more than 120 including businesses, banking groups and industry associations, took part in this first "economy mission" in a country that offers many business opportunities and partnerships for the Italian industry.
The Korean system "is the 15th largest economy in the world and the 4th in Asia [...] and is one of the most advanced industrial system in the world, both in terms of product innovation and process" said Emma Marcegaglia, President of Confindustria.
The Italian economic mission has set itself the task of strengthening the existing trade relations with Korea and, on the other hand, has helped to create new contacts and opportunities, especially in the automotive, engineering, plant engineering, aerospace, mechanics, robotics and automation, and consumer goods sectors.
A.L.B.A. has participated in this mission with a great interest and a proactive attitude aiming at strengthening the already good trade relations with Korea and expanding its growing market.
The A.L.B.A. investments in Korea are becoming more concrete, also thanks to the recent abolition of duties on imports of components and applications, established by the Free Trade Agreement between EU and Korea.
Here is how Riccardo D'Ottavi, who has already obtained the support of Kotra, the last 23rd November, shows on "Il Sole 24 Ore": "The idea is to produce special torch cutting machines and equipment for iron and steel industry and to make this country a distribution hub for other Asian markets".

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