Gyeonggi YESFEZ Seeks to Attract Chinese Logistics Companies: Delegation to Visit Qingdao, Shandong Province, on 3-day Mission from May 28

Createdd 2019-06-07 Hit 16

Contents

○ Investment briefing session for Chinese logistics companies
– Co-hosted with the China Council for the Promotion of International Trade in Qingdao
○ Cooperation agreement on investment attraction reached with China Council for the Promotion of International Trade and the Chinese Transportation Association

The Yellow Sea Free Economic Zone Autority (YESFEZ) in Gyeonggi Province announced on May 27 that it would seek to actively attract investment from Chinese logistics companies through investment-attraction agreements with Chinese organizations and enterprises.

YESFEZ plans to send an investment-attraction delegation on a 3-day mission to Qingdao in Shandong Province, China, from May 28, and conclude an agreement with the China Council for the Promotion of International Trade (Qingdao Branch) and the Chinese Transportation Association (Logistics Branch) on cooperative efforts to attract investment. Under this agreement, YESFEZ will actively seek investment from the two Qingdao-based organizations and their member companies in China, including logistics enterprises.

The China Council for the Promotion of International Trade Qingdao Branch, founded in 1988, is an overseas trade promotion organization led by the Qingdao City Government, with approximately 4,000 member companies.

Established in 1982, the Chinese Transportation Association has approximately 2,000 transportation and logistics companies as members.

“Pyeontaek BIX will be equipped with logistics infrastructure by September of this year. The complex is adjacent to Pyeongtaek Port, and the lots within the area are selling at prices approximately 34% lower than current market prices. So inquiries from domestic and foreign companies wanting to cooperate with China are increasing,” said YESFEZ Commisioner Hwang Seong-tae.