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Ulsan Sends Investment Promotion Delegation to Singapore and Hong Kong

According to Yonhap News,

(ULSAN=Yonhap News) From June 13 to 16, Ulsan City will send an investment promotion delegation to Singapore and Hong Kong.

The delegation will visit a chemicals company that is currently contemplating the expansion of investments to Ulsan in order to introduce the city's investment incentives.

There are also plans to negotiate customized investment consultations and support measures, and see through investment consultations to actual contracts.

The delegation plans to hold consultations with investors who are interested in autonomous driving, electric cars and advanced chemical industries to promote Ulsan's investment environment.

First, on June 14, the delegation will visit a company with a production facility in Ulsan to negotiate the plant's capacity expansion investment to prepare for the growth in global demand and to expand its influence in the global market.

On June 15, the delegation will visit companies interested in investments towards future new-growth industries in Hong Kong to introduce Ulsan's Fourth Industrial Revolution and the current status of its future new-growth industries.

An Ulsan City representative stated on June 12, "The delegation will visit investors to promote the city's outstanding investment environment and investment support system to attract investments. We will continue to put our efforts towards foreign investment promotion to revitalize the regional economy."

Ulsan's reported foreign direct investments (FDI) for May totals 6 cases worth USD 554.77 million.

Last year, there was a total of 13 cases of FDI that amounted to USD 539.6 million.

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Source Text

** This article was translated from Korean.

Source: Yonhap News (June 12, 2018)