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The city of Dangjin’s FDI raised this year reaches over KRW 95 billion

According to Yonhap News,

South Chungcheong Province announced on Dec. 11 that the city of Dangjin successfully raised investment fund worth as much as KRW 1.1 trillion from businesses home and abroad. Roughly KRW 95.2 billion (that accounts for 9.4 percent of all) turned out to be foreign funded capital.

Further specifically, KRW 82.4 billion came from Belgium VEOS, KRW 7 billion from Samwha Capacitor Group, China and KRW 5.8 billion from Moririn Co.,Ltd, Japan.

“The great success we’ve made translates to a great success in our marketing strategy which provides an extra care especially targeting those who wish to make business opportunities in Korea.”, a city official said. The investment volume the city has raised from 10 enterprises this year totals KRW 915.2 billion, very close to a trillion won. The amount clearly indicates that the city’s consistent efforts to bring foreign funds into the community, along with a few other favorable conditions that helped the place become a nominee for the ‘Foreign Investment Zone’ and ‘National Industrial Cluster for Innovation’.

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Source: Yonhap News (Dec. 11, 2019)

*This article was translated from Korean.

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