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KOTRA to focus more on FDI attraction in materials / parts/ equipment industries

-KOTRA hosted a webinar on May 13 to help Japanese biz to invest in Korea
-320 biz representatives attended, showing interest in investment in Korea

Korea Trade-Investment Promotion Agency (KOTRA: CEO and President, Kwon Pyung-oh), has started to gear up to attract foreign investments particularly in the high-tech materials, parts and equipment (MPE) industries. The agency hosted a web-based online seminar on May 13 to help semiconductor and display manufacturers in Japan find sales channels and invest more in MPE business in Korea.

The event participants, KOTRA Invest KOREA, CITY Group, Korea Display Industry Association (KDIA) and representatives of South Chungcheong Province have delivered presentations to share information on Korea’s investment environment and its policy change, the trends and outlook of the global semiconductor and display industry and municipal communities’ business climate and investment environment in Korea etc. As the number of pre-registered participants reached more than 320, KOTRA said, the show has heated up even before its opening.

Such phenomenon well signifies rising reliance on semiconductors and display products in the global value chain, particularly, in the midst of ever-changing business climate where non-face-to face platforms are increasingly prevalent due to the worldwide pandemic shock, the US’ strategic policy to confront and isolate China keeps escalating tensions, or the global semiconductor supply falls short of demand.

In celebration of the event ceremony, Chang Sang-hyun, commissioner of KOTRA’s Invest KOREA said, “Invest KOREA will continue to make an all-out effort to attract companies armed with frontier technologies in the materials, parts and equipment industries in Korea.”, adding that “Hope that the seminar could build up a momentum for Korea-Japan business partnership.”

Source : Invest KOREA (2021.05.12)

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