Striving to Attract Advanced European Companies: DGFEZ Holds Briefing for European Chamber of Commerce in Korea

The Daegu-Gyeongbuk Free Economic Zone Authority (DGFEZ), with Acting Commissioner Kang Sang-ki, held an investment environment briefing (IR) on May 18 for the European Chamber of Commerce in Korea (ECCK), chaired by Philip van Hoof, introducing the eight districts within the Daegu-Gyeongbuk Free Economic Zone and discussing cooperation measures to attract advanced European companies.

This meeting was organized to expand investment from European companies with competitiveness in future industrial sectors. DGFEZ and the European Chamber of Commerce in Korea agreed to strengthen cooperation in various areas, including sharing investment information, personnel exchanges, and support for joint events.

Philippe van Hoof, Chairman of the European Chamber of Commerce in Korea (right), is shaking hands with Kang Sangki, Acting Head of the Daegu-Gyeongbuk Economic Zone Authority, after discussing cooperation plans.

As of 2024, the European Union (EU) has reported a cumulative investment declaration amount of 128 billion dollars, making it Korea's third-largest investment partner after the Americas and Asia. In particular, there is active investment in future mobility, secondary batteries, advanced materials, and medical and bio sectors, which align with the strategic industries DGFEZ is currently fostering.

To expand the attraction of European companies, DGFEZ has also been participating in the 'EU Business Hub' program since this year. This program is jointly organized by the European Chamber of Commerce Association and Deloitte Korea and is designed to promote DGFEZ and carry out investment attraction activities by connecting with European companies possessing advanced technologies.

The IR session was attended by Philip van Hoof, Chairman of the European Chamber of Commerce in Korea, as well as President Stephan Ernst and Vice President Kim Boseon, who discussed cooperation measures between the two organizations and the potential for expanding investment.

Kang Sang-ki, Acting Commissioner of DGFEZ, stated, "Europe has many high-tech companies that can help strengthen the competitiveness of Korean industry," adding, "I hope the European Chamber of Commerce in Korea will serve as a strong bridge connecting European companies and DGFEZ."

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