Asia Pacific (English)

FedEx Empowers Future Entrepreneurs of South Korea at the 2023 FedEx/JA International Trade Challenge

[사진] 페덱스, 미래 기업가 양성 위한 2023 FedEx-JA 국제무역창업대회 개최.JPG

SEOUL, South Korea, June 1, 2023 — FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced the six winners of the 2023 FedEx Express/Junior Achievement International Trade Challenge (FedEx / JA ITC) Korea Finals. The FedEx / JA ITC fosters business knowledge through practical teamwork exercises and classroom learning. The winners attended a local trade workshop and competed with six other teams in a local competition.

The six students who will represent Korea at the regional finals are:

  1. Team : Leaf
    Names of students : Jungwook Park, Yoonyoung Joo
    School : Korea Digital Media High School
    Product presented : Eco-Friendly Menstrual Cup
  2. Team : Jeju Entrepreneurs
    Names of students : Jae-won Lee, Jeongwoo Lee
    School : Saint Johnsbury Academy Jeju, Korea International School Jeju Campus
    Product presented : Reusable Lumo Candle
  3. Team : Panorama
    Names of students : Seungwoo Baik, Jiwon Lee
    School : Lighthouse International School, Saint Paul Preparatory School
    Product presented : Zero-Plastic Shampoo Bar and Dental Care Set

To foster collaborative thinking and encourage diverse ideas from different cultural backgrounds, the six Korean winners will go on to work with students from other Asia Pacific, Middle East, and Africa (AMEA) markets at the 2023 Asia Pacific International Trade Challenge regional finals in August. This team setting enables contestants to exchange experiences with students from Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Thailand and Vietnam, get a global perspective, and brainstorm ideas that work towards achieving a common goal.
This year’s competition resumed to an in-person event for the first time in three years since the pandemic hit. A virtual workshop was held in April 2023, which was attended by more than 75 students to heighten their knowledge on global trade and acquire skills to prepare a detailed marketing entry strategy plan. The students were challenged to develop a sustainable alternative to a single-use product of their choice for the South Africa market. This aligns with the FedEx approach to “reduce, replace, and revolutionize” across business activities in order to minimize impacts and add value.

“We were excited to see a wide range of unique ideas and entrepreneurial enthusiasm by the participants at this year’s FedEx/JA International Trade Challenge. This program provides young entrepreneurs with a valuable opportunity to hone their creative and leadership abilities while discovering how global trade can create more possibilities,” said Wonbin Park, Managing Director, FedEx Express Korea. “By fostering the entrepreneurial mindset among the young generation, we are able to connect more ideas to solve important issues in our communities and create a better world,” he added.

Since its introduction to Korea in 2007, FedEx / JA ITC continues to strengthen its commitment to help students better understand the nuances of international trade. The programme has attracted more than 2,802 students with 96 students representing Korea at the regional finals.

More information about the 2023 FedEx/JA ITC can be found on the JA Korea website www. jakorea.org.