Gwangyang Economic Free Zone Authority Launches North America Investment Attraction Activities
Investment Consultation for Promising Companies in Yeosu-Hadong Tourism Complex Project
The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Song Sang-rak, hereinafter referred to as Gwangyang Economic Authority) announced that from April 28 to May 6, joint investment attraction activities were conducted targeting companies in the tourism, leisure, and real estate investment sectors in Chicago and Los Angeles (hereinafter LA), major tourist cities in the United States and headquarters locations of global corporations, in cooperation with Jeollanam-do Province and the Korea Trade-Investment Promotion Agency (KOTRA).
During this investment attraction campaign, the Gwangyang Economic Authority conducted investment consultations by dividing the area into three tourist complexes: Yeosu Gyeongdo District, Hwayang District, and Hadong Duwoo District.
Visit to Gafcon Group, specialized in waterfront city development
Photo by Gwangyang Economic Promotion Agency
In Chicago, they met with key figures from potential investors such as Jones Lang LaSalle (JLL), a comprehensive real estate company well known in the domestic market, and The Bricton Group, specialized in lodging facilities, to carry out investment attraction activities.
They visited CF Industries, the world's largest ammonia producer, explained Jeollanam-do’s clean energy policies, and encouraged active investment. CF Industries recently established partnerships through MOUs with Lotte Chemical and POSCO Holdings.
Additionally, in LA, they provided detailed explanations of the investment advantages of Yeosu City as a marine tourism city to Gafcon Group, which specializes in waterfront city development.
Gafcon Group is currently developing a waterfront city in Shanghai, China, and expressed intentions to pursue further negotiations considering future expansion of investments in the Asian market.
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A representative of the Gwangyang Economic Authority stated, “We plan to continuously manage the companies we met during this investment attraction activity and invite them to the Invest Korea Summit (Foreign Investment Week) hosted by KOTRA in the second half of this year, with plans to conduct on-site inspections of major tourist complexes in Jeollanam-do.”
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