Gwangyang Economic Authority Conducts Online Investment Promotion Activities Targeting Swedish Companies

Participation in the 'Korea-Sweden Hydrogen Partnership Investment Attraction Forum' and Introduction of Gwangyang Bay Area Investment Appeal

[Gwangyang=Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik] The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Song Sangrak, hereinafter Gwangyang Economic Authority) announced on the 6th that it will participate in the online event "Korea-Sweden Hydrogen Partnership Investment Attraction Forum" to introduce the hydrogen industry investment environment of Jeollanam-do and the Gwangyang Economic Authority.

This event is hosted by KOTRA (President Yoo Jung-yeol) Stockholm Trade Center and aims to activate the investment entry of Swedish global companies into the Korean hydrogen industry. The program includes ▲ signing of a business agreement between the Swedish Hydrogen Association and the Korea Hydrogen Convergence Alliance (H2KOREA) ▲ Korea-Sweden hydrogen industry policy seminar ▲ explanation session on the hydrogen industry investment environment of Free Economic Zones ▲ introduction of representative Swedish hydrogen-related companies such as ABB (hydrogen production solutions), Sandvik (hydrogen fuel cells), and H2 Green Steel (green steel technology).

The Gwangyang Economic Authority plans to introduce Jeollanam-do’s "Comprehensive Plan for Fostering the Hydrogen Industry in Jeonnam," which aims to become a national green hydrogen industry hub, covering the entire hydrogen industry cycle from "green hydrogen production-storage-transportation-human resource development-cluster establishment," and seek investment cooperation opportunities with global hydrogen industry companies participating in the event.

A representative from the hydrogen business division of ABB, a Swedish-Swiss global joint venture, stated, "Korea greatly contributes to the activation of the global hydrogen industry with its excellent hydrogen vehicle technology and leading hydrogen economy policies," and expressed expectations that "this forum will be a good opportunity to assess the possibility of entering the Korean hydrogen market."

Jeollanam-do and the Gwangyang Economic Authority plan to continuously expand efforts to attract overseas investment, such as visits and consultations in Jeonnam and the Gwangyang Bay Area for Swedish companies wishing to invest, through ongoing cooperation with KOTRA.

Gwangyang=Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik hss79@asiae.co.kr

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