Turmeric Man prompts Korean SMEs, micro entrepreneurs to invest in booming India market

NEW DELHI: Promising future projections of India’s economy has caught the attention of developed and developing countries and South Korea is no exception. Korean companies, especially the small and medium enterprises are getting ready to enter India with the help of the economy section of its embassy Korea Trade Promotion Agency (KOTRA), and others such as KOSME and KOSMA.

In one of such effort, KOTRA recently invited Kang Hwang Man, also known as ‘Turmeric Man’ among the Korean community, and a successful Korean entrepreneur to guide the small, medium and micro entrepreneurs, and benefit them with his experience.

His lecture “Indian investment trends for small and medium-sized businesses and promising industries for entering India” touched upon issues concerning Indian Government Goals, Major Policies, Representative Corporate Investment Trends, Promising Industries, and Small and Medium Business Strategy.

Turmeric Man also authored a book titled 인도투자하자 – 인도 주식 투자 입문 (Let’s invest in India – An Introduction to investing in India, which he shared with some of the participants.

Present on the occasion included SONG Jun-hwa, Consul General, Embassy of  Republic of Korea, New Delhi; PARK Euy Don, Chairman, Federation of Korean Associations in India; LEE Kwang-il, Head, South-West Asian, Peaceful Unification Advisory Council; BIN Jun-hwa, Managing Director, South Asia, KOTRA, New Delhi; LEE Yang-Koo, Vice Chairman, KOSMA, and AHN Changick, Embassy of  Republic of Korea, New Delhi.

Korean micro and small entrepreneurs gathered at Korean SME & Startup Centre (KOSME) in Gurugram for a familiarization session on investing in Indian economic scene including the stock market.

During the session, the Turmeric Man made the participants – the young budding Korean micro-entrepreneurs, aware of the Indian market scenario with a macro overview of the country. Kang Hwang Man has been in India for about 12 years since his family came to work in India. During this course, he witnessed India developing first-hand, and eventually developed an interest in the Indian economy, industry, and companies, and started investing in Indian stocks, and the outcome was successful.

Last year in September also, Kang Hwang Man had addressed a similar session at KOSME office.

While talking about his book, he said, “This book is a summary of what I studied for investing in India. It begins with ‘Why should you invest in India?’ for a good cause. India has a large land area and is rich in resources. It is full of young people with a desire to excel. I also included an overview of the Indian stock market information to understand the Indian market. We looked at the top 100 stocks and introduced major industries.”

In this book written in the Korean language, the ‘Turmeric  Man’ has introduced Indian investment products, funds, Exchange Traded Funds (ETFs), and stocks, guided the readers through the characteristics of each product, and also learned about major companies.

Kang said that he aimed to empower small and medium-sized enterprises (SMEs) and micro-entrepreneurs in Korea to invest in India and its flourishing stock market.

Kang grew up in a humble family, witnessing the challenges faced by small business owners. He believed that every entrepreneur deserved a fair chance to grow and succeed. After achieving success in his own business ventures, he decided to dedicate his life to helping others achieve financial prosperity.

Having an adventurous spirit, Kang set out on a journey to India, a land known for its rich cultural heritage and the fastest-growing stock market in the world. He immersed himself in Indian culture, learning about its traditions, customs, and most importantly, its financial landscape.

With his newfound knowledge, Kang returned to Korea with a mission to bridge the gap between Korean entrepreneurs and the opportunities lying in India’s stock market. He set up an organization called ‘InvestKorInd’, an amalgamation of ‘Invest’ (short for Investment), ‘Kor’ (derived from Korea), and ‘Ind’ (short for India).