JEOLLABUK-DO < invest Korea

North Jeolla Province announced today that it held an investment information session for around 200 Korean entrepreneurs in China at the Korea-China Economic Forum hosted by the World Federation of Overseas Korean Traders Association.

Currently Chinese companies are actively investing overseas, however their investment in Korea only accounts for 0.2 percent of total foreign direct investment in Korea.

North Jeolla Province plans to attract high added value industries including advanced manufacturing, culture, tourism and leisure based on Korea’s technology and capital of Chinese companies.

At the information session, the province introduced its investment environment, its growth potential and differentiated incentive programs.

A North Jeolla Province official noted that the project of foreign investment promotion agency to attract Chinese companies, a national project, will also begin, adding that the province will focus its efforts on China by cooperating with investment promotion organizations.

Source Text

Source: Newsis (June 18, 2013)

** This article was translated from the Korean.