Gyeongbuk Province Participates in 'InterBattery 2022' ... Achieves 500 Billion KRW Investment Attraction Consultations

Gyeongbuk Province Announces 'Secondary Battery Investment Attraction' Strategy, Operates Promotion Booth at Seoul COEX

Gyeongsangbuk-do Secondary Battery Industry Investment Attraction Strategy Presentation.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Gyeongsangbuk-do participated in the ‘InterBattery 2022 Exhibition’ held at COEX, Seoul from the 17th to the 19th, discovering 12 promising potential investment companies and conducting actual investment consultations worth 500 billion KRW with 4 of them.

During the exhibition, which saw a record participation of 250 companies (700 booths), Gyeongsangbuk-do presented ‘Current Status and Investment Attraction Strategy of Gyeongbuk Secondary Battery Industry’ to battery industry stakeholders and operated a promotional booth under the theme ‘Gyeongsangbuk-do, the Center of Secondary Battery Material Industry,’ actively engaging in investment attraction activities targeting participating companies.

Reflecting Korea’s status as a global powerhouse in the secondary battery field, promotional and business activities were conducted throughout the exhibition period, covering everything from basic materials to parts, equipment, recycling, and global battery companies.

Companies visiting the Gyeongbuk promotional booth showed great interest in industrial complexes and infrastructure available for investment in secondary battery materials and recycling sectors, as well as incentives.

The province held actual investment consultations totaling 500 billion KRW with four companies: two secondary battery material companies from the metropolitan area for 400 billion KRW, one equipment company for 50 billion KRW, and one electric commercial vehicle company for 50 billion KRW.

Based on this, Gyeongsangbuk-do plans to attract these companies to the region through on-site visits to industrial complexes and detailed investment consultations.

Additionally, among the companies consulted, eight in the basic materials and recycling sectors were selected as potential investment target companies, and materials such as industrial complex and infrastructure status tailored to their industry characteristics will be provided, with continuous investment attraction activities to follow.

Hwang Jung-ha, Director of the Investment Attraction Office of Gyeongsangbuk-do, said, “Through this exhibition, the investment enthusiasm of companies in the rapidly growing secondary battery industry alongside electric vehicles was very high. We will do our best to provide detailed information to the promising investment companies discovered this time and to facilitate their investment in the region through meticulous investment consultations.”

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