Invest KOREA

Invest KOREA hosts an 'Investment Roundtable' and a 'Briefing Session on Investment Opportunity' in Tokyo, Japan on June 15
By holding an IR event with an aim to strengthen the global supply chain, Invest KOREA publicizes Korea's investment landscape

Invest KOREA, a national investment promotion agency within KOTRA (President Yu Jung Yeol), held an 'IR event for Japanese MPE (materials, parts, equipment) firms in High-Tech Industries' to draw attention from major Japanese corporations which are seeking for investment opportunities in Korea at the Imperial Hotel, Tokyo on June 15.

The IR event was held to enhance the economic ties between Korea and Japan and improve the global supply chain by encouraging Japanese corporate investment to the Korean market on the occasion of the recent improvement in their bilateral relations. Attended by 207 participants from 140 enterprises, the IR event began with roundtables on investment in the morning session and, in the afternoon, opening remarks delivered by the Head of Foreign Investor Support Center and congratulatory remarks made by Minister of Economy at Korean Embassy to Japan followed.

The Investment Roundtable brought together business leaders and executives of major MPE firms, including Sumitomo Chemical, Kanto Denka Kogyo, Central Glass, Nippon Pigment, Hodogaya Chemical which are operating in the semiconductor, rechargeable battery and display sectors. After reflecting on investments that Korea has attracted and discussing future investment plans with Japanese firms, KOTRA reaffirmed that it will remain determined to actively engage in identifying and addressing struggles and institutional obstacles arising while investment projects are carried out in a close cooperation with Ministries in charge of such issues.

In the first part of the briefing session, Invest KOREA made a presentation about policies to cultivate the semiconductor, display, and rechargeable battery industries and Korea's investment environment. Following the session, Korea Semiconductor Industry Association and Korea Battery Industry Association gave speeches on the current trends and investment opportunities of the chip and battery industries, and then Yulchon LLC, a law firm, and Samjeong KPMG explained about investment tax credits and investment incentives of the two industries.

The second part started with a speech on 'Japan-Korea cooperation in Material, Part and Equipment Businesses of the Semiconductor and Rechargeable Battery Industries' by SK Japan Investment Inc. and another on 'Cooperation Opportunities in Korea's Semiconductor Market', by a major Korean chip manufacturer. Rebellions Inc., a Korean AI chipmaker, then, made a presentation on 'Investment on Next-Generation AI Chips', which was followed by 'Success story about Investment to the Korean Market', shared by Toray Industries, Inc. Finally, the IR event was ended with Yongin city, Daegu city and South Gyeongsang Province, all of them deemed as the best areas to locate material-part-equipment companies, elaborating on their investment landscapes.

Commissioner of Invest KOREA Kim Tae Hyung said, "The recent Korea-Japan Summit will lead to more corporate investment raised by Japan to Korea, we think." and "Invest KOREA expects this IR event will be a good chance for Japanese businesses of the high-tech industries to clearly identify perfect opportunities to invest in Korea."



Source: Invest KOREA (Jun 15, 2023)