Investment Promotion Activities in Qingdao and Hangzhou, China

Gwangyang Economic Zone Authority Collaborates on Joint Marketing for Yeosu Gwangyang Port

Joint Promotion of Gwangyang Port Hinterland GFEZ Industrial Complex

The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Song Sang-rak, hereinafter referred to as GFEZ Authority) conducted investment attraction activities in the consumer goods, cold chain logistics, and ESS storage device sectors by visiting Qingdao (靑陶) and Hangzhou (杭州), key regions for international ports and artificial intelligence industries in China, from May 22 to 26 for five days.

This investment attraction activity in China was promoted as part of the joint marketing project for Yeosu Gwangyang Port, with the GFEZ Authority and Yeosu Gwangyang Port Authority jointly promoting Gwangyang Port, the Gwangyang Port hinterland complex, and the GFEZ industrial complex to discover potential Chinese investment companies.

Attended the China International Energy Storage Device Forum (Presentation of Korea-China Cooperation Project Proposal)
Photo by Gwangyang Economic Promotion Agency

In Qingdao, through a meeting with the China Agricultural Products Distribution Corporation (AT), they listened to trends in food exports and investments from Korea to China and agreed to cooperate in jointly discovering potential investment companies to generate import and export cargo volume through Gwangyang Port.

Following this, an investment briefing session was held targeting Chinese food companies M (food additives), J (cheese processing), cold chain logistics companies, and consumer goods companies by presenting the success case of the infant formula company (HAM) located in Gwangyang Port, introducing the investment environment of the Gwangyang Bay Area and the advantages of import and export through Gwangyang Port.

During the visit to Qingdao Port Group, ranked 8th in the world, they received explanations on the current cargo volume and main operations of Qingdao Port through meetings with officials and discussed promotion and cooperation plans for Gwangyang Port within China.

In particular, to ensure the success of the port automation testbed construction project, a Q&A session was held regarding the establishment and operation of the automation system at Qingdao Port, a leading port with a fully unmanned automated terminal. Additionally, a meeting with businesspeople from the Korean-Chinese ethnic minority enterprise association was held to promote the Gwangyang Bay Area and conduct investment consultations.

In Hangzhou, they attended the China International Energy Storage Device Forum, listened to presentations on new energy systems, energy storage industry development directions, and new product launches, and explained the status of the Gwangyang Bay Area secondary battery cluster through meetings with corporate officials from Chinese battery cell manufacturer EVE and ESS storage device manufacturer Yangguang Power.

Furthermore, at the Korea-China ESS Industry International Cooperation Forum, they introduced the GFEZ and Gwangyang Port investment environment and incentives, presented Korea-China cooperation project models, and conducted investment consultations targeting companies producing and exporting ESS-related equipment, emphasizing that it is the optimal location for overseas investment by explaining Korea’s FTA platform and the free economic zone authority’s pro-business policies.

A GFEZ Authority official stated, “Through investment attraction activities in China, we plan to invite companies interested in investing in the consumer goods and ESS-related sectors in the Gwangyang Bay Area and do our best to successfully attract investments through continuous networking with the China Chemical and Physical Power Association.”

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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