GANGWON-DO < invest Korea

According to Gangwon Province, it will hold a meeting of an early investment facilitation council to initiate its support system for large-scale investment projects.

To reach the province’s goal of a 5.2 percent economic growth and gross regional domestic product of KRW 34.5 trillion this year, it organized the council to make prior examinations so that large-scale investment projects, which drive regional economic growth, can make an early investment.

The council will consist of 24 officials from related agencies in the field of environment, forestry, agriculture and land with the Vice Governor of Economy Kim Sang-pyo as head of the council.

It will hold feasibility assessments and examine related factors in prior to launch of large-scale investment projects, so that potential difficulties can be avoided in advance and early support for approvals is possible.

Discussions to solve administrative issues and grievances will also be held when necessary.

Vice Governor Kim noted that the province will endeavor to reach its goals and make sure the council to support approval procedures and solve potential grievances due to large-scale investment and attract practical investment from companies.

Source: Newsis (July 4, 2013)

** This article was translated from the Korean.