"Invest in Daegu and Gyeongbuk"... Daegu-Gyeongbuk Free Economic Zone Authority Holds Investment Promotion Briefing for Companies in Seoul

Daegu-Gyeongbuk Free Economic Zone Authority (Commissioner Kim Byungsam) held an 'Investment Promotion Briefing Session Inviting Capital Area VCs and Companies' at the Seoul Startup Hub event venue in Gangnam, Seoul on the 24th to boost investment attraction.

Given the current situation where domestic investment capital is concentrated in the capital area, the DGFEZ organized this event to introduce investment opportunities in the free economic zone to capital area VCs and to attract their investment interest to the Daegu-Gyeongbuk region by matching them with companies that have already invested in the area.

Daegyeong Regional Small and Medium Business Administration is holding an investment attraction briefing session by inviting entrepreneurs at the Seoul Startup Hub event venue in Gangnam, Seoul.

This event was held in collaboration with Y&Archer Co., Ltd., a leading domestic accelerator, and was attended by five VCs active in the capital area, major domestic conglomerates managing investment funds, and association officials. DGFEZ introduced the investment environment and regional strengths of Suseong Alpha City and Pohang Convergence Industrial Zone.

Additionally, as part of the 'New Mid- to Long-Term Development Strategy' announced by DGFEZ in June, which includes a plan to attract 160 billion KRW in VC investment from 2023 to 2026, the event enabled the establishment of a network with capital area VCs and related companies and provided an opportunity to gather expert opinions for boosting investment in the IT and bio sectors.

DGFEZ plans to leverage the network built through this event by inviting domestic and international VCs to the upcoming 'Suseong Alpha City Week' scheduled for September and by hosting an 'IR Matching Day' with companies that have already invested in the free economic zone, preparing follow-up measures to generate tangible results.

Kim Byungsam, Commissioner of DGFEZ, stated, "With the global economic downturn making it difficult to attract foreign capital, DGFEZ hopes to create opportunities for companies in the free economic zone to connect with capital area VCs and secure funding. We will continue to discover outstanding VCs through ongoing networking events and strive to attract domestic investment capital, currently concentrated in the capital area, to Daegu-Gyeongbuk so that local companies can have a stronger foundation for growth."

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