Ministry of Industry Hosts Foreign Investment Attraction Event... "7 Companies Invest 1.2 Trillion Won"

The Ministry of Trade, Industry and Energy announced on the 6th that it will hold the foreign investment attraction event, 'Invest Korea Summit.'

At this event, a foreign investment signing ceremony totaling approximately 1.26 trillion won (920 million dollars) will take place. Seven global leading companies from key industries such as semiconductor equipment, automotive parts, offshore wind power, and logistics will participate.

The designation ceremony for regional headquarters of HP, a PC and printer manufacturer, and Vestas, the world's number one wind turbine company, will also be held. This is the first time in nine years since 2015 that Korea has been designated as a global regional headquarters for companies. HP will oversee global research and development in Korea, and Vestas plans to establish a base for wind power generation facilities.

The conference will feature keynote speeches by Karen Madden, CTO of Merck, the world's longest-standing bio company, and Yeom Jae-ho, Vice Chairman of the National AI Committee. Representatives of foreign-invested companies in the semiconductor, bio, and aerospace sectors will also discuss Korea's investment environment assessment and ways to enhance investment attractiveness.

The Ministry of Trade, Industry and Energy aims to leverage this event as a driving force to achieve the highest-ever foreign investment attraction record this year. As of the third quarter, the foreign investment attraction record stands at 25.2 billion dollars, the highest ever.

Minister An Deok-geun of the Ministry of Trade, Industry and Energy stated, "In the rapidly changing global environment, Korea is the optimal partner for the success of foreign investors," adding, "We will concentrate policy efforts to grow as a global business hub centered on advanced industries along with foreign investment."

The Invest Korea Summit is the largest foreign investment attraction event in Korea, held since 2006. It will take place from today until the 8th at the Grand Intercontinental Hotel in Gangnam, Seoul. The event will be attended by 2,000 participants, including foreign investors visiting Korea, domestic and international companies, foreign chambers of commerce in Korea, embassies in Korea, and government and local authorities.

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