Invest KOREA

KOTRA holds the 'Investment Dialogue Among KOTRA, Local Governments, FEZs, and Officials in Charge of Investment Attraction and U-turn Companies' on June 27
'The second investment dialogue, as a quarterly meeting', is held bringing together 50 participants from 25 cities, provinces and FEZs

KOTRA (President YU Jeoung Yeol) hosted the 'Investment Dialogue Among KOTRA, Local Governments, FEZs, and Officials in Charge of Investment Attraction and U-turn Companies' on June 27 at its head office located in Yeomgok-dong, Seoul. First held in November 2022 organized by Foreign Investor Support Center (FISO) of KOTRA, the 2nd edition of the quarterly dialogue this time convened 50 government officials and members from Gyeonggi Province, Busan city, Jeonbuk province, Jeju province, Chungnam province, and Free Economic Zone Authorities of Gwangyang Bay Area, Daegu-Gyeongbuk, East sea, Busan-Jinhae, Ulsan.

The dialogue started with presentations delivered by dispatched officials working in KOTRA from 10 local governments of Gangwon, Gyeongnam, Gyeongbuk, Daegu, Ulsan, Incheon, Jeonnam, Jeonbuk, Chungnam, and Chungbuk on the current status of investment attraction and regional strategies to draw foreign investors of each local administration. They also shared practical problems that dispatched officials had found. These issues will be report to the MOTIE and the other ministries concerned, such as the MOEL, the ME, the MOJ, the MOLIT, to call for measures to tackle the problems. Finally, a member of the FISO, who has taken on the job of a providing supports to foreign investors for years made a presentation on success stories and know-hows about FDI attraction that KOTRA has made.

Lee Kyeong-shik, head of KOTRA's FISO said "This gathering has established as an important platform where dispatched officials can put heads together and interact with each other to draw more foreign investors." and "The FISO will remain dedicated to strengthening its strategical ties with local governments to significantly increase FDI by actively reporting administrative and institutional issues raised by dispatched officials to address them."



Source: Invest KOREA (Jun. 28, 2023)