Young Entrepreneurs Chosen to Represent Korea at the 2016 FedEx/JA International Trade Challenge
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, and Junior Achievement (JA) today announced the three teams of secondary school students that will represent Korea in the FedEx/ JA International Trade Challenge’s (FedEx/JA ITC) Asia-Pacific finals in Hong Kong from August 7-11, 2016.
Thirty students from around South Korea took part in the Korea International Trade Challenge and presented their business proposals on “Sell Silver Product in Australia” to a panel of judges held at E-Room Center in Seoul on July 2. The students were judged by a panel of entrepreneurs and business leaders on their market-entry strategies detailing marketing, promotion, pricing, inventory and product distribution plans.
The Korean winning teams are:
- 1st place: Lee, Jung-hwa from Seoul International School, Yoon, Min-woo from Korea International School. (Team JSM)
- 2nd place: Cho, Jun-ho and Sung, Yeon-su from Hana Academy Seoul. (Team LOOXS)
- 3rd place: Kim, Eun-su and Lee, Jun-suk from Gyeonggi Academy of Foreign Languages. (Team NomNom)
The FedEx / JA International Trade Challenge is an annual competition that aims to instill an entrepreneurial mindset among students by educating them about the fundamentals of business and global trade. More than 100 students attended the International Trade Workshop held in May to learn how to develop business plans that includes, pricing, promotion, and distribution strategies to launch an innovative product for international markets. Before heading to Hong Kong, the six representatives will receive further training from JA Korea to prepare for the Regional Finals.
“FedEx is committed to supporting education in Korea through the International Trade Challenge program. We hope to inspire a new generation of Korean entrepreneurs to succeed in the global economy.” said Eun-Mi Chae, managing director of FedEx Express Korea.
The three Korean teams will compete against 24 other teams from eight other countries including Hong Kong, Japan, Korea, Malaysia, Singapore, Thailand, Malaysia and Vietnam.