BUSAN < invest Korea

According to Yonhap News,

(BUSAN=Yonhap News) The Busan Jinhae Free Economic Zone Authority (BJFEZA) announced April 8 that it established an investment promotion plan by attracting USD 55 million of foreign investment in the development zone of South Gyeongsang Province.

The Authority will focus on attracting parts and materials companies by capitalizing on the region’s excellent transportation accessibility and industrial infrastructure.

It will enhance investment promotion activities by selecting 227 potential companies by industries and will hold one-to-one business consulting events to increase the efficiency.

It plans to visit potential investors to introduce the investment environment and incentives of the FEZ and encourage 40 global logistics companies in Korea to move to the hinterlands of the new port in Busan.

So far, fourteen companies have expressed their intentions to invest in the Busan-Jinhae FEZ.

joseph@yna.co.kr

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Source Text

Source: Yonhap News (April 08, 2015)

** This article was translated from the Korean.