Gwangyang Free Economic Zone Authority and KOTRA Conduct Joint On-Site Consultations with Foreign-Invested Companies

Discussion on Support Measures for Two Foreign-Invested Companies
in the Aluminum Sheet and Nickel Alloy Sectors

On May 13, the Gwangyang Bay Area Free Economic Zone Authority, in collaboration with the KOTRA Comprehensive Administrative Support Center, visited two foreign-invested companies within its jurisdiction to conduct on-site consultations and explore response measures to changes in external trade conditions.

The on-site consultations were conducted with Gwangyang Aluminum, located in the Sepung Industrial Complex, and SNNC, located in the Gwangyang National Industrial Complex. Gwangyang Aluminum produces aluminum sheets for export to the United States and other countries, while SNNC is a materials company that produces strategic minerals such as nickel alloys.

On the 13th, the Gwangyang Bay Area Free Economic Zone Authority, in collaboration with the KOTRA Comprehensive Administrative Support Center, visited two foreign-invested companies within the jurisdiction to conduct on-site consultations and explore response measures to changes in external trade conditions. Provided by Gwangyang Free Economic Zone Authority

Recently, as the likelihood has increased that the U.S. government will impose high tariffs on imported aluminum and metals under the pretext of protecting domestic industries, there has been a growing call for national-level support for these companies.

During the meeting, the Gwangyang Free Economic Zone Authority and KOTRA exchanged in-depth opinions on tariff response measures, the government's strategic mineral development policies, and administrative and institutional support measures.

A company representative who participated in the consultations said, "We were able to communicate the practical difficulties we face on site, and it was helpful to hear specific policy directions related to these issues."

Goo Chungon, Commissioner of the Gwangyang Free Economic Zone Authority, stated, "We plan to continue providing company-specific consultations and practical lectures so that foreign-invested companies can settle and grow stably," adding, "We will also continue to pursue field-oriented, close support in the second half of the year."

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