Invest KOREA

Gyeonggi-do (Province) has become the first local government in Korea to establish a comprehensive online investment attraction system (invest.go.kr) to ensure foreign investors an easy access to information on investment and industrial locations.

The 1.15 billion won-system includes the investment portal site, analysis of information on investment locations and ubiquitous investment consulting service.

The investment portal site offers information on available investment locations and their characteristics in English, Chinese and Japanese. Potential investors can be briefed on current investment trends via 350 social networking services including Twitter and Facebook.

The analysis system for investment locations, which integrates Korea Land Information System, Industrial Land Information System and Land Use Regulation Information Service, gives investors detailed information on land prices, regulations, industrial infrastructures and residential environments with high-resolution aerial images. High-potential investors can also be shown an optimal location in three-dimensional images.

The ubiquitous investment consulting service enables investors to get professional consulting services on a real-time basis via their touch tables and tablet PCs.

The province plans to encourage not only foreign companies but domestic ones to utilize the useful system.

“We thought that webpages mainly focusing on translating Korean contents into foreign languages are not enough to satisfy the specific needs of foreign investors,” a Gyeonggi official said. “With the newly opened webpage, investors can make informed decision without vising industrial sites in person.”

Source: Newsis (Feb. 2, 2013)

** This is the translation of a Korean article.