A Gyeonggi Province delegation (led by Vice Governor Lee Jae-yul) visited Heilongjiang Province in China from January 11 to 12 and signed an MOU for investments from Chinese robotic and AI companies.

The conclusion of the MOU was first suggested by the Harbin Institute of Technology (Harbin) and Golden Jumping Group (Mudan River), which concluded an agreement with Gyeonggi Province on the creation of Pangyo Zero City last October. Under this MOU, the two provinces plan to boost the advancement of competitive industry sectors through each country as well as cooperation in various fields.

The Harbin Institute of Technology, a prestigious science and technology university in Heilongjiang Province, has international competitiveness in the field of robotics and provided robotic technology to the Chinese manned spaceship project last year. Golden Jumping Group is a leading real estate development company in Heilongjiang Province; it invested KRW 80 billion in Gyeonggi Province to build a business center.

Vice Governor Lee Jae-yul said, “This is the first exchange between companies in the provinces of Gyeonggi and Heilongjiang in relation to the Fourth Industrial Revolution. Gyeonggi Province will provide all possible administrative support to Chinese technology companies so that they can actively invest in the region.”

He added, “I thank the (Heilongjiang) provincial government and Golden Jumping Group, a leading company in Heilongjiang Province, who cooperated with us in the conclusion of this investment agreement despite political conflicts between Korea and China last year.”

In addition, Gyeonggi Province has led active cooperation with China in environmental and agricultural fields since the signing of the friendship and cooperation agreement with Heilongjiang Province in August of last year, inviting policy administrators from three provinces (Liaoning, Jilin, Heilongjiang) of northeastern China and holding the Gyeonggi and Three Chinese Northeastern Provinces Environmental Cooperation Forum.