"Invest in Incheon Free Economic Zone"... Incheon Free Economic Zone Authority Participates in 'Foreign Investment Week'

Screenshot of the interview with Lee Won-jae, head of Incheon Free Economic Zone Authority, at the '2020 Foreign Investment Week (IKW)' forum [Provided by Incheon Free Economic Zone Authority]

[Asia Economy Reporter Park Hyesook] The Incheon Free Economic Zone Authority participated in the representative Korean corporate briefing event, '2020 Foreign Investment Week (IKW: Invest Korea Week 2020),' held from the 11th to the 18th, introducing the excellent investment environment of the Incheon Free Economic Zone to potential overseas investors.

At this event, the Incheon Free Economic Zone Authority engaged in various investment attraction activities such as regional key industry forums, operating an online promotional hall, and investment consultation meetings.

In particular, under the theme of 'Biomedical City Incheon,' the investment attraction strategies, strengths, and success cases of the Incheon Free Economic Zone, which received an 'S grade' for two consecutive years in the Free Economic Zone performance evaluation, were broadcast to 188 countries worldwide through Arirang TV and introduced via YouTube, drawing attention.

Potential investment meetings were also held with about 10 companies and institutions interested in the Incheon Free Economic Zone. Among them, through a joint meeting with the Incheon Port Authority, which signed an agreement to form and operate a joint investment attraction council, interest in the 'Golden Harbor Project' by a Singaporean global real estate fund was increased.

Additionally, a network was secured with the rapidly growing bio-cluster 'I·Campus' located in Wuxi, China, and it is expected that the two institutions will pursue continuous friendly exchanges and benchmarking in the future.

The IKW event, which marked its 16th year this year, was hosted by the Ministry of Trade, Industry and Energy and organized by KOTRA (Korea Trade-Investment Promotion Agency). Considering the COVID-19 situation, it was conducted as a non-face-to-face event.

Lee Won-jae, head of the Incheon Free Economic Zone Authority, stated, "Despite difficulties caused by COVID-19, the foreign direct investment (FDI) reported amount in the Incheon Free Economic Zone this year has achieved 83% of the target," adding, "We will focus our capabilities on various non-face-to-face investment attraction activities, including this IKW, to make the Incheon Free Economic Zone a driving force leading the economic growth of Incheon and Korea."

This content was produced with the assistance of AI translation services.