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South Chungcheong Prv. ranked No. 1 in FDI attracted in 2019

According to Yonhap News,

A total amount of FDI raised in South Chungcheong Province last year is estimated to set a record high. Ministry of Trade, Industry and Energy released a statistical figure that says South Chungcheong Province attracted the largest amount ever among non-capital states. The nominal value, officially reported in 2019, exceeds KRW 1.6 billon, a 123 percent up from KRW 740 million in 2018. The net investment, conservatively stated, was KRW 1.75 billion, which goes above the reported one.

South Chungcheong Province ranks at the top, followed by the city of Ulsan, Jeju and Incheon in terms of FDI volume in total as non-metropolitan cities nationwide. The province said they’ll focus primarily on administrative support they can give for overhauling business ecosystem and for the growth of semiconductor, AI, Bio-healthcare and materials/ parts/ equipment industries.

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Source:Yonhap News (Jan. 13, 2020)

*This article was translated from Korean.

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