Chungnam Governor Kim Tae-heum's First Overseas Business Trip for Foreign Investment Attraction
[Asia Economy (Hongseong) Reporter Jeong Il-woong] Kim Tae-heum, Governor of Chungnam Province, is embarking on his first overseas business trip to attract foreign investment since taking office.
On the 20th, Chungnam Province announced that Governor Kim will depart on the 22nd for an 8-day, 6-night trip to four European countries: the United Kingdom, France, Luxembourg, and Germany.
During the trip, Governor Kim plans to finalize six investment deals worth approximately $200 million from five companies in the semiconductor and electric vehicle materials and parts industries.
The official schedule begins on the 23rd. On that day, Governor Kim will visit Docklands, a new town along the Thames River in London, to explore ways to revitalize Naepo New Town, and the next day, he will meet with the CEO of Company A to sign an investment agreement.
Company A manufactures semiconductor vacuum pumps and gas treatment equipment and has prior investment experience in Chungnam. Governor Kim will finalize investment coordination with Company A’s CEO before heading to Paris, France.
On the 25th, he will sign two investment agreements with Company B, a supplier of rare high-purity industrial gases for semiconductors, then travel to Luxembourg. On the 26th, in Luxembourg, he will meet with the Ambassador of the Republic of Korea to Belgium for a discussion, followed by signing an investment agreement with Company C, a supplier of high-purity gas components for semiconductors.
On the 27th in Munich, Germany, he will finalize an agreement with Company D, a manufacturer of battery pack systems for electric vehicles, and on the last day of the European trip, the 28th, he plans to sign an investment agreement with Company E, a semiconductor vacuum pump manufacturer.
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A provincial official stated, “Governor Kim’s foreign investment attraction trip will serve as an opportunity to finalize the scale of investments and lay the groundwork for future additional foreign investment attraction. Chungnam will continue to strive to attract further and new investments through ongoing engagement with global companies amid the global economic crisis.”
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