Gyeongnam Delegation Achieves Investment Attraction and Export Agreements at World Korean Business Convention

The Gyeongnam delegation, led by Governor Park Wan-su, actively pursued investment attraction and export support at the opening ceremony of the 21st World Korean Business Convention held in California, USA.

According to Gyeongnam Province, on the 11th local time, the delegation introduced the investment environment of Gyeongnam, which boasts a high concentration of manufacturing industries and numerous national research institutes, to participating companies and promoted various benefits.

Information related to Gyeongnam travel, including South Coast marine tourism and five themed bus tours, was provided to participants and tourists.

Park Wan-su, Governor of Gyeongnam Province (center), is cutting the ribbon at the opening ceremony of the 21st World Korean Business Convention.
[Photo by Gyeongnam Provincial Government]

Governor Park Wan-su personally visited the booths of 26 companies to encourage the representatives.

He also visited the Gyeongnam investment attraction and tourism promotion pavilion to help promote the region’s industrial base and the beautiful natural scenery of the South Coast.

The Gyeongnam delegation signed an investment agreement with the US global automotive parts company BorgWarner Group to expand its production plant.

BorgWarner Group, which produces key components for electric vehicles, announced that it will invest 42.6 billion KRW in 3,500㎡ of idle land at its Changnyeong plant and hire 31 new employees.

At the 21st World Korean Business Convention, an export agreement for products from Gyeongnam was made.
[Photo by Gyeongnam Provincial Government]

An export agreement signing ceremony was also held to help local small and medium-sized enterprises (SMEs) pioneer the American market and strengthen export competitiveness by connecting domestic companies with overseas buyers.

Agreements establishing a US export base totaling 5.4 million USD were made among 10 companies, including Infac Global and CGETC, NR Biotech and Best Natural Health, Daeyoung Seafood Food and Woobo Distribution, Hanul Food and Kylobal.

Governor Park said, “While the nation as a whole is recording a trade deficit, Gyeongnam has maintained a trade surplus for 11 consecutive months, which is the result of the efforts of local export companies. We will work hard to support corporate investments so that they lead to the co-growth of regional industries, and we hope that this agreement will serve as an opportunity for mutual growth and development for both parties.”

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