Ulsan Free Economic Zone Authority Hosts 'Korea-UK Global Network and Free Economic Zone Innovation Exchange Meeting'

UK Hydrogen GBIP Business Delegation of 11 Companies Visits Ulsan

Ulsan Free Economic Zone Authority.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] The Ulsan Free Economic Zone Authority (hereinafter Ulsan FEZA) will hold the ‘Korea-UK Global Network and Free Economic Zone Innovation Exchange Meeting’ at 10 a.m. on the 6th in the Crystal Ballroom of Lotte Hotel Ulsan.

The event will be attended by about 70 people, including Ulsan FEZA, the British Embassy in Korea, the Korea Institute for Advancement of Technology, the Korea Hydrogen Industry Association, 11 companies from the UK hydrogen GBIP (Global Business Innovation Programme) business delegation, and domestic participating companies.

The purpose of the event is part of the Ministry of Trade, Industry and Energy’s ‘Free Economic Zone Innovation Ecosystem Creation Project,’ aiming to build an innovative industry-academia cooperation district to establish domestic and international networks among resident companies within the FEZ, between similar and different industries, and among industry, academia, and research sectors.

The project is hosted by the Ulsan Information Industry Promotion Agency and the Korea Institute of Industrial Technology, the executing organizations.

The main agenda includes ▲ Introduction of Ulsan’s hydrogen industry and FEZA ▲ Introduction of outstanding resident companies ▲ Introduction of 11 UK hydrogen GBIP business delegation companies ▲ B2B meetings between the UK business delegation and Ulsan participating companies seeking business and technical cooperation.

The business delegation consists of representatives from UK hydrogen sector companies selected by the UK Department for Science, Innovation and Technology through the Global Business Innovation Programme, which selects excellent domestic companies and provides international cooperation opportunities with overseas companies and research institutes.

Cho Young-shin, head of Ulsan FEZA, said, “Ulsan not only leads the nation’s hydrogen industry in production and infrastructure but is also an attractive city where three of the world’s top hydrogen production companies are investing in Ulsan’s hydrogen industry. Based on the achievements of this overseas exchange, we plan to actively support discovering technology demands of investment destinations and the global growth of resident companies through continuous exchange meetings with excellent overseas companies in core strategic industrial sectors.”

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