Gwangyang Free Economic Zone Authority Discusses Strategic Cooperation Measures with Zhongshan Group of China

Strengthening Investment Cooperation in New Energy and International Logistics

The Gwangyang Bay Area Free Economic Zone Authority (headed by Koo Chungon, hereafter referred to as the Gwangyang Free Economic Zone Authority) announced on the 15th that on the 14th, Wang Jincheng, Vice Chairman of Zhongshan Group headquartered in Shanghai, China, and his delegation visited the Gwangyang Bay Area to discuss strategic cooperation measures between the two organizations.

This visit was a follow-up to the strategic business agreement (MOU) signed between the Gwangyang Free Economic Zone Authority and Zhongshan Group in Shanghai, China, in March. Both sides held in-depth discussions on discovering promising investment companies within the Gwangyang Bay Area, expanding industrial cooperation, and promoting global import and export activities of Chinese companies utilizing Gwangyang Port.

On the 14th, Wang Jincheng, Vice Chairman of Zhongshan Group headquartered in Shanghai, China, and his delegation visited the Gwangyang Bay Area to discuss strategic cooperation measures between the two organizations. Provided by Gwangyang Free Economic Zone Authority

Zhongshan Group, established in 2014, is a leading Chinese investment company specializing in industrial and corporate information, with strengths in big data-based industry analysis and investment fund management. The company currently manages a fund of approximately 30 billion yuan (about 6 trillion won), investing in various fields such as advanced manufacturing, energy, and logistics.

Taking this visit as an opportunity, the Gwangyang Free Economic Zone Authority appointed Vice Chairman Wang Jincheng as an investment attraction advisory committee member and agreed to strengthen practical cooperation for investment attraction through Zhongshan Group's investment network in China.

Vice Chairman Wang Jincheng stated, "We will actively connect and introduce Chinese companies wishing to expand overseas to the Gwangyang Bay Area by utilizing our data network in the energy and automotive sectors, which are Zhongshan Group's areas of strength."

Koo Chungon, Head of the Gwangyang Free Economic Zone Authority, said, "The Gwangyang Bay Area is the most active region in Korea for Chinese corporate investment, and there is great potential for mutual cooperation in future industries such as new energy and international logistics. I was deeply impressed by Zhongshan Group's precise investment matching using big data, and I ask that you actively attract companies in your role as our investment attraction advisory committee member going forward."

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