Invest KOREA

KOTRA to hold an online '2021 materials, parts, equipment investment attraction 2.0 webinar and consultation'
27 global companies to participate...'expecting to strengthen competitiveness of materials, parts, and equipment industry'

KOTRA is to hold '2021 Materials, Parts, and Equipment Investment Attraction 20. Webinar (Web seminar) and consultation' event online to strengthen the competitiveness of domestic materials, parts, and equipment industries for 3 days starting from October 13.

During the event, competent SMEs and middle enterprises in the materials, parts, and equipment sectors including semiconductors, future vehicles, and secondary batteries will meet with foreign and domestic investors. Specific programs are △webinar with a subject on investment environment and opportunities in the materials, parts, and equipment sectors△ One-on-one business meetings between Korean companies hoping to attract investment and global investors.

On the webinar to be offered on the first day, Shwan Chang, Head of KOTRA Invest Korea will introduce investment environment of Korea's high-tech industries on the track to become the world factory. Also, experts in four sectors including green mobility, semiconductors, smart factory, and battery will present investment strategies by industry and various insights, resolving global investors' inquiries.

During the consultation taking place for 3 days starting from October 13, 27 investment companies in the advanced materials, parts, and equipment companies and 50 domestic companies hoping to attract investment are to participate. In addition, 11 local and free economic zone authorities which selected major specialized industries, such as Busan (future vehicles), Ulsan (hydrogen), Gyeongnam (precision machines), Ulsan Free Economic Zone (hydrogen), Gwangyang Bay Area Free Economic Zone (secondary battery) will have consultation to attract investment.

During the consultation, information will be given provided on the current status of materials, parts, and equipment industry, practical demand for business from each region, and value chains to encourage global companies to make new investment in Korea. Also, business meetings will be arranged between global companies which want to secure new technologies in the future car sector and domestic auto parts companies in order to respond to rapidly changing mobility market.

President Yu Jeoung-yeol of KOTRA said, "Korea is stepping up its efforts to establish open innovative ecosystem to stablize the global supply chain," adding that "KOTRA will continue to push for investment attraction projects to attract global companies equipped with core technologies in the materials, parts, and equipment and support cooperation between domestic companies."

Source: Invest KOREA (October 13, 2021)