GANGWON-DO < invest Korea

(CHUNGCHEON=NEWSIS) Gangwon Province announced January 21 the measures to revitalize its economy due to weak domestic demand and export polarization.

The newly established Global Investment and Trade Bureau focuses on investment, trade and exchange to lay the foundation for entering overseas markets and creating growth engines.

To attract foreign investment, the province has a team for each continent to provide expert-level support from attracting foreign investment to successfully receiving investment.

To attract domestic companies, the province has a team to transfer mid-sized anchor companies and partnering companies in the metropolitan areas to the province. The province will support the relocated companies by providing incentives, establishing residential and cultural environment and improving the business environment.

To build an investment environment, the province will establish an industrial site including 25 strategic industrial complexes and improve the structures of the complexes by 2022.

The province will attract more than five international conferences every year for sustainable influx of population and promote policies related to the income of residents.

The province, which has set the goal to open the Lego Land Korea in 2017, will be fully prepared to carry out relevant strategies for regional development.

"The organizational restructuring will help the province to attract foreign capital by aggressively making inroads into the overseas markets and find new growth engine. We will shift from a support-oriented administration to a direct one to achieve our goals," said Seo Gyung won, the Commissioner of the Global Investment and Trade Bureau.

fly1225@newsis.com

Source Text

Source: Newsis (January. 21, 2015)

** This article was translated from the Korean.