Chinese companies in solar energy, secondary batteries, and information and communication technology (ICT) are exploring investment opportunities at the Saemangeum National Industrial Complex.
The Ministry of Trade, Industry and Energy, the Saemangeum Development Agency, and the Jeonbuk Provincial Government announced that they will conduct investment attraction activities for a Chinese investment delegation visiting from September 9 to 11.
The delegation, led by Vice Chairman Shiyun Hong of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, consists of over 20 companies from various sectors, including solar energy, secondary batteries, and ICT. Officials from the Chinese Ministry of Commerce and the Chinese Embassy in South Korea are also accompanying the group.
This visit follows the memorandum of understanding (MOU) signed in January to strengthen cooperation in industrial complexes between South Korea and China. The two countries discussed ways to promote investment in the Saemangeum industrial complex during a summit held in November at the Asia-Pacific Economic Cooperation (APEC) meeting.
The Korea-China Industrial Cooperation Complex was designated in 2015 following the conclusion of the Korea-China Free Trade Agreement (FTA) in 2014. It includes four locations: Saemangeum in South Korea and Yantai, Yancheng in Jiangsu Province, and Huizhou in Guangdong Province in China.
The Ministry, the Saemangeum Development Agency, and the Jeonbuk Provincial Government will facilitate site visits to the Saemangeum National Industrial Complex, meetings with resident companies, business roundtables, investment forums, and consultations for the delegation.
On the first day, the delegation will tour the Saemangeum National Industrial Complex to assess investment conditions, including industrial land and infrastructure, and visit Chinese companies already operating in the complex to hear about their investment experiences and business conditions.
On September 10, a business roundtable will allow government agencies and interested investors to share cooperation needs in various sectors. They will also discuss potential challenges in the investment process and government support measures.
The Saemangeum Investment Forum will present the industrial and locational conditions, investment incentives, and Hyundai Motor Group's large-scale investment plans, along with consultations with KOTRA experts on visas, permits, and other investment-related details.
Bae Jun-hyung, Director of the Trade Cooperation Bureau at the Ministry, stated, "This visit by the investment delegation is not an end but a beginning. We will continue to work with relevant agencies to ensure that the interest of these companies translates into concrete investments."
The Ministry of Trade, Industry and Energy, the Saemangeum Development Agency, and the Jeonbuk Provincial Government announced that they will conduct investment attraction activities for a Chinese investment delegation visiting from September 9 to 11.
The delegation, led by Vice Chairman Shiyun Hong of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, consists of over 20 companies from various sectors, including solar energy, secondary batteries, and ICT. Officials from the Chinese Ministry of Commerce and the Chinese Embassy in South Korea are also accompanying the group.
This visit follows the memorandum of understanding (MOU) signed in January to strengthen cooperation in industrial complexes between South Korea and China. The two countries discussed ways to promote investment in the Saemangeum industrial complex during a summit held in November at the Asia-Pacific Economic Cooperation (APEC) meeting.
The Korea-China Industrial Cooperation Complex was designated in 2015 following the conclusion of the Korea-China Free Trade Agreement (FTA) in 2014. It includes four locations: Saemangeum in South Korea and Yantai, Yancheng in Jiangsu Province, and Huizhou in Guangdong Province in China.
The Ministry, the Saemangeum Development Agency, and the Jeonbuk Provincial Government will facilitate site visits to the Saemangeum National Industrial Complex, meetings with resident companies, business roundtables, investment forums, and consultations for the delegation.
On the first day, the delegation will tour the Saemangeum National Industrial Complex to assess investment conditions, including industrial land and infrastructure, and visit Chinese companies already operating in the complex to hear about their investment experiences and business conditions.
On September 10, a business roundtable will allow government agencies and interested investors to share cooperation needs in various sectors. They will also discuss potential challenges in the investment process and government support measures.
The Saemangeum Investment Forum will present the industrial and locational conditions, investment incentives, and Hyundai Motor Group's large-scale investment plans, along with consultations with KOTRA experts on visas, permits, and other investment-related details.
Bae Jun-hyung, Director of the Trade Cooperation Bureau at the Ministry, stated, "This visit by the investment delegation is not an end but a beginning. We will continue to work with relevant agencies to ensure that the interest of these companies translates into concrete investments."
* This article has been translated by AI.
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