International Department of the Central Committee Community Party of China and Coridel Group Announce Global Strategic Cooperation
BEIJING, June 12, 2013 /PRNewswire/ — The “Sino-South Korean Entertainment and Cultural Development and Cooperation Conference” which was held in Beijing has successfully been concluded. At the conference, the Economic Cooperation Centre – International Department of the Central Committee Community Party of China (“ECCID”) and the Coridel Group had discussions on creating a strategic alliance for the promotion of South Korean and Chinese culture in various areas such as film and TV production and distribution, cultural arts and related fields, investment management and international exchanges of products and content. Both parties have formalized a strategic alliance through the signing of a Strategic Cooperation Agreement.
ECCID is the department of the Central Committee Community Party of China involved in international trade promotion, gathering international and China’s human resources and related project information, promoting Sino-foreign trade and cooperation, and encouraging entity trade inside and outside of China. They have a large focus on expanding foreign relations and enriching the exchange of content and communication. “We are pleased to be partnered with Coridel as they are one of the industry leaders in the entertainment and investment management areas and bring with them a vast number of strategic partnerships and alliances to realize our unified goals and objectives. We view them as a world class long term partner in the expansion of cultural and trade related development,” said Dr. Hu Yanxin, Vice Secretary, Party Membership Committee, International Department of the Central Committee, Communist Party of China.
Coridel is a global investment firm and entertainment group with offices in New York, Hong Kong and Shanghai. Coridel also has a not-for-profit foundation which focuses on the development and enrichment of children globally. Tyler Kwon, Coridel’s Chairman and CEO, stated, “The signing of this cooperation agreement between both parties is the first milestone and start of a long term relationship between the Chinese government and Coridel in order to further enhance the cultural exchanges between China, South Korea and the US. We look forward to strengthening such exchanges through our networks in South Korea and the US through various outlets in China.”
The Sino-South Korean cultural exchange and cooperation will serve to further improve the relationship between the two nations in many aspects including interaction and trade as well as the promotion of their respective cultural industries which include the development and enhancement of their local film, television and music industries. These cultural exchanges are expected to open up a new road for South Korean and American culture in China’s ever growing market expansion as well as help to further develop China’s own cultural industries.
SOURCE Coridel Group