Gyeonggi-do Promotes Investment Attraction Worth 2.7 Trillion Won in Yeoju

Gyeonggi Province held a joint meeting with Yeoju City at Yeoju City Hall on the 18th to attract investments worth 2.7 trillion won.

[Asia Economy (Yeoju) = Reporter Lee Young-gyu] Gyeonggi Province is promoting the 'Yeoju City Attraction' of domestic and international technology companies worth a total of 2.7 trillion KRW.

On the 18th, Gyeonggi Province held the 'Gyeonggi Province-Yeoju City Joint Investment Attraction Strategy Meeting' at the Yeoju City Hall conference room. About 30 people attended the meeting, including Lee Chung-woo, Mayor of Yeoju City, Son Gye-woon, Director of Yeoju City Sustainable Development Bureau, and Lee Min-woo, Director of Gyeonggi Province Investment Promotion Division. Notably, four representatives of domestic and international companies discovered through investment attraction activities in the northeastern region of Gyeonggi Province also participated in the joint meeting.

The attending companies possess technologies in ▲carbon reduction ▲secondary battery new materials ▲biomimetic robots ▲renewable energy complex logistics. These companies expressed their intention to invest in the Yeoju area and attended the joint meeting. Their total investment scale amounts to 2.7 trillion KRW.

The meeting was organized to explore investment attraction measures that can overcome development restrictions caused by permits and environmental regulations in natural conservation zones and Paldang watershed regulatory areas in Yeoju City.

Mayor Lee Chung-woo of Yeoju City stated, "We will create a changed Yeoju City that citizens can feel through revitalizing the local economy by attracting companies and investments and fostering new growth industries, as well as improving residential conditions." He added, "I hope Gyeonggi Province and Yeoju City will continue to establish a permanent cooperative system."

Lee Min-woo, Director of the Investment Promotion Division of Gyeonggi Province, said, "Gyeonggi Province is intensively conducting investment attraction activities to provide more and more balanced opportunities in the northeastern region." He added, "Through investment attraction, we aim to create an innovation ecosystem that not only serves as a testbed for new industries but also leads future technologies in core industries such as semiconductors."

Since the launch of the 8th term of the provincial government, Gyeonggi Province has been promoting the 'Visiting Investment Attraction Consulting Project,' which transfers the province's know-how in establishing development and investment attraction strategies to cities and counties and carries out joint investment attraction activities.

Through this, they quickly obtain large-scale investment information from promising domestic companies and have conducted six on-site familiarization tours this year (meetings and site inspections to check support details and various permits for the relevant sites for companies intending to invest) with cities and counties that have developable land.

In addition to attracting corporate investments, they are newly promoting an 'Investment Attraction Plus Strategy' that can revitalize the local economy through the attracted companies.

Furthermore, they plan to secure the international competitiveness of Gyeonggi Province's innovative small and medium enterprises through region-customized investment attraction activities, activation of communication with domestic foreign-invested companies, support for localization of parts linked to global companies, and business matching support projects.

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