“Youth and Companies Gather in the City, Go Go!” … Ulsan City Ignites Investment Attraction

On the 16th, the Ministry of Trade, Industry and Energy's 'Regional Investment Council' Discusses Investment Issues and Listens to Corporate Difficulties

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Ulsan City is stepping up efforts to revitalize investment attraction to create an industrial city favorable for business, attracting young people and companies.

On the 16th at 2 p.m., Ulsan City will hold a 'Regional Investment Council' in the Economic Vice Mayor's Office on the 8th floor of the main building of Ulsan City Hall.

The council will include Park Jong-won, Director of Regional Economic Policy at the Ministry of Trade, Industry and Energy, other central government officials, Ulsan City’s Economic Vice Mayor Ahn Hyo-dae, relevant public officials, and representatives from five local companies.

At the council, Ulsan City will discuss major local investment projects, listen to the investment issues and difficulties faced by local companies, and convey recommendations to central government departments.

The Ministry of Trade, Industry and Energy plans to resolve difficulties through consultations with relevant departments within the ministry and related agencies, and to reflect recommendations in regional balanced development policies.

An official from Ulsan City said, “To overcome recent economic difficulties in Ulsan, we are focusing on attracting investment in the advancement of core industries and new growth industries. Since private investment is crucial to securing industrial competitiveness, we will review investment issues and listen to the voices of local companies on the ground to explore various support methods to revitalize investment in Ulsan.”

Ulsan City is promoting major projects to expand domestic and foreign corporate investment infrastructure, such as lifting greenbelt restrictions, creating industrial complexes, designating a second free trade zone, and expanding economic free zone areas.

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