Gwangju City Holds Investment Attraction Briefing with Industrial and Commercial Bank of China

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 7th that it held an online China investment attraction briefing session jointly with the Industrial and Commercial Bank of China at the K Studio of the Gwangju Kim Dae-jung Convention Center.

The online China investment attraction briefing session was organized by Gwangju City and the Industrial and Commercial Bank of China to support the attraction of Chinese investment for promising local companies.

The Industrial and Commercial Bank of China was established in 1984 as one of China's four major state-owned commercial banks and currently operates 16,000 branches in China and 1,500 branches and subsidiaries in 49 countries overseas. As of last year, its annual sales reached 1,008 trillion KRW. It has been ranked first for seven consecutive years in the Global 1000 Banks by the UK’s The Banker and also ranked first for seven consecutive years in the Global 2000 Companies by the US’s Forbes.

The briefing session was attended by about 100 companies and institutions, including Chinese investors interested in Gwangju, Chinese government agencies, and local companies interested in entering the Chinese market. The session proceeded with introductions to Gwangju’s Gwangju Free Economic Zone and investment environment, followed by corporate presentations from three promising local AI companies: GenieSoft Co., Ltd., CyberMedic Co., Ltd., and PTG Co., Ltd.

Additionally, the Industrial and Commercial Bank of China introduced its self-developed global investor information online platform and the 2021 China International Import Expo held in Shanghai, China.

The cultural content company GenieSoft Co., Ltd. (CEO Kim Do-hyun), introduced at the briefing, has launched a VR rhythm game using K-POP music and an AI health trainer called ‘Genie,’ entering the Chinese Jammer VR market.

The healthcare company CyberMedic Co., Ltd. (CEO Jung Ho-chun) produces advanced medical devices in the fields of brain health, rehabilitation training, and healthcare, providing optimal health management programs using AI technology.

The automotive company PTG Co., Ltd. (CEO Gong Dae-won) holds 22 patents related to automotive drivetrain technology and supplies motors and system modules for ‘built-in type e-scooters’ to domestic finished car manufacturers.

Furthermore, the global investor information online platform operated by the Industrial and Commercial Bank of China has over 15,000 member companies from 49 countries worldwide, supporting functions that allow investors and companies seeking investment to interact 24/7.

The China International Import Expo, held in a large-scale venue of 330,000 square meters (100,000 pyeong) this coming November, is the largest expo in China with over 80% participation from the world’s top 500 companies. Local companies also show interest and attend annually.

Mayor Lee Yong-seop said in a video message on the day, “Investing in Gwangju, which has a business-friendly environment including the establishment of a free economic zone to foster future industries such as automotive, energy, and AI convergence, will be a new opportunity to lead the changes of the era.”

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