Gwangyang Economic Zone Authority Participates in '2022 Foreign Investment Week' for Overseas Investment Attraction Activities

One-on-One Consultations with Foreign Investment Companies, Promotion of Regional Specialized Industry Briefing in the Battery Sector

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik] The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Song Sangrak, hereinafter GFEZ) announced that it has been promoting investment attraction by participating in the ‘2022 Foreign Investment Week (Invest KOREA Week, hereinafter 2022 IKW)’ held in Seoul from the 2nd to the 4th.

The 2022 IKW was hosted by the Ministry of Trade, Industry and Energy under the theme ‘Open and Innovative Investment Destination, Republic of Korea,’ and organized by the Korea Trade-Investment Promotion Agency (KOTRA).

The event consisted of programs such as a BBC regional industry specialization briefing focusing on Battery (B), Bio (B), and Semiconductor (C), a Global Battery Tech Day, and on/offline investment attraction consultations targeting global investors.

At this event, GFEZ introduced the investment environment for secondary batteries at the battery sector briefing of the BBC regional specialization industry held on the 2nd, attracting attention from overseas investors. It plans to conduct one-on-one consultations with foreign companies in the secondary battery sector participating in the ‘Global Battery Tech Day’ held on the 3rd.

GFEZ explained the Se-pung Industrial Complex, Hwanggeum Industrial Complex, and the hinterland of Gwangyang Port at a separate promotional booth set up at the venue, focusing especially on the strengths of the secondary battery industry, where recent expansion of investment in core strategic industries such as cathode materials and battery materials has been achieved.

Additionally, it provided information on cases of foreign-invested companies and incentive systems.

Representatives and executives of foreign-invested companies in the chemical and secondary battery sectors, including U.S. company E, Chinese company D, and German company M, who attended the event, showed great interest in the status of foreign investment in the Gwangyang Bay Area, its geographical advantages, and successful cases of foreign-invested companies utilizing FTAs.

GFEZ also plans to participate in the ‘IKW Online Consultation’ held from the 7th to the 9th, consulting with U.S. company H, Chinese company A, Spanish company I, among others, and subsequently invite companies interested in investment to visit the Gwangyang Bay Area site.

A GFEZ official introduced, “Jeonnam Province is accelerating the establishment of a supply base for secondary battery materials and parts linked with anchor companies in the Gwangyang Bay Area,” and added, “Through this ‘2022 Foreign Investment Week’ event, we will strive to attract promising overseas companies to our region based on GFEZ’s excellent secondary battery industry conditions.”

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

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