Korea a Key Asian Market for Peru's Government and its Leading Business Figures

SEOUL, Korea, September 12, 2015 /PRNewswire/ --

inPERÚ continued its Asian Roadshow in Seoul with a bell ringing ceremony to mark the start of trading at the Korean Stock Exchange. The rest of the morning was spent in one-to-one business meetings between Peruvian representatives and Korean investors and executives.

Julio Velarde, President of the Peruvian Central Reserve Bank, is leading the delegation of approximately 25 business leaders and government officials. Accompanying Velarde throughout Asia are Christian Laub, Chairman of the Lima Stock Exchange, and Jose Antonio Blanco, Executive Director of inPERÚ. The roadshow will visit Beijing later this week.

Aseminar took place for a large group of South Korean business executives who were encouraged to invest and do business with Peru. Attending the event were senior figures fromHyundai Engineering, Korea Telecom and Korea Development Bank,amongothers.Mr. Laub stated that Peru "could become the region's financial hub within the next 10 years". He highlighted the steady growth the country has experienced in the last 10 years and pointed out that the Peruvian economy is more resistant than Mexico, Chile and Colombia - the other members of the Latin American Integrated Market (MILA).

The President of the Reserve Bank added that despite the fall in commodities revenue over the last three years, "Peru remains a good opportunity for Asian investors due to solid economic foundations". In fact, sectors such as agriculture look attractive for Asian capital. Last month, the first shipment of Hass Avocado arrived in Japan having passed all sanitary regulations. In September, it is expected that the first containers of Peruvian avocados will arrive in Japan as Peru prepares to export 5000 tons of avocado to China and Japan in 2016.

Mr. Blanco, Executive Director, concluded that the visit to Seoul had been hugely successful in showing Korean investors that Peru is open for business in a time where there is significant financial uncertainty. As one of Peru's important trade partners, Korea is encouraged to also invest its capital directly in the Lima Stock Exchange and not only through global investment funds.

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