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Ulsan set to attract KRW 5.17 tn investment this year through enhanced customized support
On February 24, Ulsan-si announced that it has set a goal to attract KRW 5.17 trillion in investment this year and has established a plan for implementation.
With the vision of "Ulsan, an industrial city growing with businesses," the city has confirmed its investment attraction target for this year.
To achieve this goal, the city will implement three key strategies and eight focus tasks including: Creating a business-friendly investment environment; Strengthening strategic investment attraction and promotion, and; Enhancing tailored support and management for businesses.
To create a business-friendly investment environment, Ulsan plans to supply industrial land in a timely manner by lifting development restrictions and creating new industrial complexes.
Additionally, the city will apply for designation as a specialized area for distributed energy, push forward with special zone projects, lay the foundation for the development of key and new industries, and foster professionals through region-led university innovation.
To strengthen strategic investment attraction and promotion, the city will expand future growth engines by attracting companies in advanced and strategic industries, while also enhancing investment promotion and global marketing.
To enhance tailored support and management for businesses, Ulsan will operate dedicated organizations for on-site business support and assign regional support officers. The city will also encourage follow-up investments through customized support for each company.
A city official stated, "Business investments have a positive effect on regional economic revitalization and job creation," adding, "Through this plan, we will carry out extensive investment attraction activities, including strengthening tailored support for investment companies."
yongtae@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.02.25
Views
46
According to Yonhap News,
On February 24, Ulsan-si announced that it has set a goal to attract KRW 5.17 trillion in investment this year and has established a plan for implementation.
With the vision of "Ulsan, an industrial city growing with businesses," the city has confirmed its investment attraction target for this year.
To achieve this goal, the city will implement three key strategies and eight focus tasks including: Creating a business-friendly investment environment; Strengthening strategic investment attraction and promotion, and; Enhancing tailored support and management for businesses.
To create a business-friendly investment environment, Ulsan plans to supply industrial land in a timely manner by lifting development restrictions and creating new industrial complexes.
Additionally, the city will apply for designation as a specialized area for distributed energy, push forward with special zone projects, lay the foundation for the development of key and new industries, and foster professionals through region-led university innovation.
To strengthen strategic investment attraction and promotion, the city will expand future growth engines by attracting companies in advanced and strategic industries, while also enhancing investment promotion and global marketing.
To enhance tailored support and management for businesses, Ulsan will operate dedicated organizations for on-site business support and assign regional support officers. The city will also encourage follow-up investments through customized support for each company.
A city official stated, "Business investments have a positive effect on regional economic revitalization and job creation," adding, "Through this plan, we will carry out extensive investment attraction activities, including strengthening tailored support for investment companies."
yongtae@yna.co.kr
Source Text
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Source: Yonhap News (February 24, 2024)
** This article was translated from Korean.