Choi Sam-ryong, Head of Daegu-Gyeongbuk Free Economic Zone Authority, "Please Invest in Daegu and Gyeongbuk" ... Tour Inviting 15 Swedish Foreign Investment Companies

The Daegu-Gyeongbuk Free Economic Zone Authority (Commissioner Choi Sam-ryong, hereinafter DGFEZ Authority) invited 15 members and businesspeople from the Swedish Chamber of Commerce in Korea on the 18th to introduce the DGFEZ districts and conduct a tour of the Pohang Convergence Technology Industrial District.

Through this event, the DGFEZ Authority introduced the possible leasing periods of each district, the status of resident companies, R&D facilities, national projects, incentives, and simultaneously presented the potential growth prospects of secondary battery materials, equipment, parts, and recycling/reuse companies around the DGFEZ Authority.

Fifteen representatives from Swedish outerwear companies and officials from the Daegu-Gyeongbuk Free Economic Zone Authority gathered in one place.

The Yeongcheon High-Tech Park District presented a new business model of ‘domestic return’ to traditional local small and medium-sized enterprises specializing in internal combustion engine parts that had already expanded overseas, as the region’s global mid-sized automobile company ‘Hwashin’ settled in to produce eco-friendly, lightweight parts for electric vehicles and manufacture battery pack cases.

The Gyeongsan Knowledge Industry District showed efforts to early lease foreign investment reserved land in phases 1 and 2, and through the ‘Gyeongsangbuk-do Electric Vehicle Next-Generation Wireless Charging Regulatory Free Zone’ project, it demonstrated attempts to revitalize the local economy by resolving regulations that hinder the commercialization of wireless charging, a core new technology for the future electric vehicle era, and creating a new forward and backward wireless charging industrial ecosystem in the region.

The Pohang Convergence Technology Industrial District is promoting the cultivation of advanced medical industries centered on pharmaceuticals, bio, and medical sectors. It boasts the concentration of 11 medical-related universities including Kyungpook National University and POSTECH within the Daegu-Gyeongbuk area, possesses large-scale scientific infrastructure such as the Pohang Light Source and the proton accelerator in Gyeongju, and has attracted national projects including the bio-pharmaceutical anchor company ‘KORI Pohang,’ the Membrane Protein Research Institute, the Plant Vaccine Demonstration Center, and the Pohang Steel Development Research Special Zone, establishing itself as a bona fide pharmaceutical, bio, and medical complex.

The DGFEZ Authority introduced the capabilities and potential of local secondary battery companies, focusing on secondary battery materials, equipment, parts, and recycling/reuse companies around the DGFEZ.

In particular, companies participating in this event showed high interest in secondary battery cathode and anode material companies spanning Gumi, Daegu, and Pohang, such as L&F, EcoPro BM (EM), POSCO Future M, and LG BCM (Chemical).

Choi Sam-ryong, Commissioner of the Daegu-Gyeongbuk Free Economic Zone Authority, stated, “The DGFEZ Authority is making its best efforts to revitalize the regional economy centered on core strategic industries such as ICT robotics, medical and bio, and future mobility industries. Especially, the Pohang Convergence Technology District is focusing on the medical and bio industries in its attraction strategy, and at the same time, it will strive to maximize synergy effects by well linking the Shinseo Advanced Medical District (synthetic new drugs and medical devices) with the Pohang Convergence Technology District.”

Commissioner Choi added, “The Yeongcheon High-Tech Park District and Gyeongsan Knowledge Industry District will focus on the future mobility industry and carry out investment attraction activities. This area has the advantage of being the largest concentration of automobile parts industries nationwide (including Pohang-Yeongcheon-Gyeongsan, with over 800 automobile parts companies clustered), and through recent large-scale investments by global companies related to electric vehicle battery materials in the Daegu-Gyeongbuk region, it will grow into a core of the region’s future mobility.”

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