ULSAN < invest Korea

Ulsan City signed a sister city agreement with Wuxi City, China today.

With Wuxi, Ulsan now has nine sister cities overseas.

The two cities agreed to encourage private organizations and companies to hold active trade, investment and technological exchanges for economic cooperation and investment attraction.

They will also work on marketing and promotional activities that can enhance brand values of both cities.

Human exchanges, including visits to the cities and training programs, will also be provided to understand culture, history and tradition from each city.

Wuxi has a population of 4.67 million and recorded total exports and imports of USD 72.4 billion as of 2011. The city was ranked 11th among other Chinese cities, in terms of city competitiveness in 2011.

** This article was translated from the Korean.