Ulsan City Pulls in 5 Trillion Won This Year... Investment Attraction Officer Becomes Project Manager

‘All-Out Effort for a City Good for Investment and Business’

3 Major Strategies · 8 Tasks... Domestic and International Planning

Comprehensive Corporate Attraction, 5.1 Trillion Won Target

Ulsan City plans to attract investments worth 5 trillion won this year.

On the 12th, Ulsan City announced that it will embark on a strategic and systematic investment attraction project to become a "city favorable for investment and business."

Earlier, Ulsan City established its 2024 investment attraction plan, which includes three major strategies and eight key tasks, aiming to attract 5.1 trillion won in domestic and foreign corporate investments this year.

To enhance the effectiveness of investment attraction, the city plans to select core target companies and designate investment attraction officials as project managers to conduct comprehensive attraction activities through focused management, ensuring these lead to actual investments.

The three major strategies for investment attraction consist of △ creating a business-friendly investment foundation △ strengthening the discovery and attraction of strategic target companies △ providing customized on-site support and managing the entire investment cycle for companies.

To create a "business-friendly investment foundation," the city will focus on key tasks such as developing industrial complexes and special zones linked to the lifting of development restrictions, expanding infrastructure favorable for business including opportunity development zones, and strengthening the foundation for attracting leading companies in national strategic industries and new industries such as secondary batteries and bio.

To strengthen the "discovery and attraction of strategic target companies," the city plans to focus on discovering and attracting promising domestic and foreign companies, enhancing investment incentives such as investment subsidies, holding investment briefings, producing and distributing investment promotion materials, and building cooperative networks with related organizations for investment promotion activities.

Additionally, to provide "customized on-site support and manage the entire investment cycle," the city will expand the operation of the corporate on-site support task force (TF) for tailored support and strengthen post-investment management by designating dedicated investment managers to monitor investment implementation status.

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