KOTRA to launch online and offline events, including forums and investment consultations
Led by Battery, Bio, and Chips, 300 enterprises in one place
Hosted by the Ministry of Trade, Industry, and Energy (Minister Lee Chang-Yang) and co-organized by KOTRA (President Yu Jeong-Yeol) and the Korea International Broadcasting Foundation (President Ju Dong-Won), '2022 Invest KOREA Week (hereinafter IKW)' is to be held online and offline starting from Nov. 2.
Marking its 18th anniversary as South Korea's main national investment promotion IR event, IKW has been held only online due to COVID-19 over the past two years. For the first time in three years, IKW brings together 300 local enterprises and foreign investors in one place, both online and offline. Now they can engage in face-to-face consultations to discuss what has been only mentioned via virtual meetings. Therefore, it is anticipated to reap substantial achievements such as advancing investment timelines and making new or increased investments.
Related major companies are to join the event to share their ideas under the key theme of 'High-tech industries of Battery(B), Bio(B), Chips(C) catching the world's attention.' Also, at the opening forum, foreign investment promotion in the advanced sector will be presented as one solution for recovering the global supply chain amid the worsened uncertainties worldwide due to the Ukraine war after the pandemic. In addition, the event will introduce investment attractiveness and opportunities in Korea to international entrepreneurs and investors and have officials from SMEs, middle-standing enterprises and local municipalities (Economic Free Zone Authority) meet with domestic and overseas investors to talk over various investment projects.
On the first day of the forum, DR. Richard Baldwin, a professor of International Economics at the Graduate Institute, Geneva, is to diagnose the current situation as well as solutions through foreign investment promotion. And Global Director Stephen Pierce at IBM's headquarters will brief about a strategy to foster the semiconductor industry in the US and a plan for the ROK-US cooperation, followed by top-tier experts in the fields of battery, bio, and chips, will explain why Korea is considered a promising region along with the country's global competitive edges.
In the afternoon, at the BBC local industry special forum, each economic free zone with different industrial strengths will present an investment climate for local investment promotion, industrial specialists will deliver speeches and participants will have time to seek balanced local development through investment promotion. On top of that, the investment promotion hall of nine economic free zone authorities and Busan EXPO bid will be set up to introduce more about investment economic free zones and promote Busan's bid to hold the EXPO to foreign-invested firms.
In the foreign press conference presided over by Trade Minister Ahn Duk-geun, he will show two cases of foreign-invested companies and have a Q&A session with the press. Taking this opportunity, he plans to elevate the positive image of Korea and let know the advantages of investment in Korea.
Held offline on Nov. 3 and online from Nov. 7 to 9, investment promotion consultations will be joined by a total of 300 enterprises - 80 investors in battery, bio, semiconductor, and startup, and 220 domestic corporations, related institutions, and municipalities, with an aim to seek new growth opportunities.
KOTRA President Yu Jeong-yeol said, "Equipped with a solid industrial base, Korea is not only a key player in the global supply chain but also an optimal investment zone as a global hub for advanced industry," adding." We will spare no effort to let investors at home and abroad better understand the key industries and make the event serve as a stepping stone to the improvement of national economic energy."
Source : Invest KOREA (Nov.2.2022)