BALTIMORE: On the first stop of a trade mission to Asia, Maryland’s governor announced Wednesday an agreement with a South Korean business group.
Maryland Gov. Larry Hogan is preparing for a trade mission to Asia, and experts say the timing of the trip is pretty good.
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The governor’s office announced that a memorandum of cooperation was signed with South Korea’s Small and Medium Business Administration to strengthen small- and medium-sized businesses in Maryland and South Korea.
“As part of the agreement, Maryland and the SMBA will work together to foster entrepreneurship and startup development and connect South Korean companies with business opportunities in Maryland, particularly in the life sciences industry,” a statement from the governor’s office read.
Launched in 1996, the SMBA supports South Korea’s small- and medium-sized enterprises with the goals of creating jobs and growing the startup and venture industry, strengthening technological competitiveness and providing support for business management, according to the governor’s office.
The trade mission will also visit China and Japan.
