Gyeonggi reinforces its ability in inducing foreign capital
Strong capability to activate foreign capital inducement and improve investment environment

Gyeonggi opened a conference targeted only for the major foreign players in the market.

With approximately 30 participants, including investment inducement advisor, Chairman Lim, Byeong-hun of the Gyeonggi Foreign Investment Enterprise Committee, representatives of Invest Korea and other governmental officials, in-depth Private Joint Convention recent status of the foreign investment trend and future plan to lure more foreign capitals into Gyeonggi was held on February 15 hosted by the provincial governor Kim, Moon-soo.

Major strategies to activate foreign investment were discussed; – Action plan for efficient investment inducement – Expansion of foreign investment company complexes – Improvement of foreign capital used business environment – Strengthening of capability in foreign capital inducement deriving team.

To increase at-home competitiveness against the international market, the local government will continue its activities to attract high tech manufacturing businesses from overseas such as semiconductor, LCD, automobile and etc. Also, extra efforts will be made in the areas of tourism, logistics, hotel, digital contents and etc.

You will be able to meet more number of ‘small type tailored convention’ than to have a large scaled conference that will then provide better and more avail information to the potential investors. Also, a new PR system jointly made with the specialized local companies to give in-depth analysis per region, market, and etc. for each potential investor will be introduced.

Partnerships made in the end of October to promote more foreign capitals with investment inducement advisory group, Invest Korea, overseas trade missions, and other overseas Koreans will be used to find any prospect investors hidden anywhere. Continuous support and improvement plans will also be implemented for the residing foreign companies of Gyeonggi.

Any private citizen or governmental official who contributed highly in attracting foreign capitals will be recognized with indemnities. Also, the agreement with the investment bank providing extensive international network and private consulting group is expected sign up an agreement.

As to realize close relationship between domestic large enterprises and overseas companies, associated activities will be developed to bring overseas parts supplying enterprises. Local government will have ‘monthly project management meetings’ with local cities and districts to provide aggressive support to the existing plans to be implemented per region.

As to realize close relationship between domestic large enterprises and overseas companies, associated activities will be developed to bring overseas parts supplying enterprises. Local government will have ‘monthly project management meeting’ with the local cities and districts to provide aggressive support to the existing plans to be implemented per region.