<Translated with Google Translate.>

Gwangju-Gyeongja District Office to attract foreign investment
- Selected by the Ministry of Commerce, Industry and Energy for commercialization support project for foreign investment attraction
- Establishment of investment attraction strategy, discovery of target companies, overseas IR, etc. service consulting
- Utilization of company attraction strategies such as AI convergence futuristic vehicles and new and renewable energy

The Gwangju Free Economic Zone Authority announced that it was finally selected for the '2021 Foreign Investment Attraction Project Commercialization Support Project' by the Ministry of Trade, Industry and Energy.

The 'Foreign Investment Attraction Project Commercialization Support Project' analyzes project conditions, environment, profitability, etc. to establish an investment attraction strategy and conducts service consulting for commercialization, such as discovering target companies and overseas IR activities.

In particular, in relation to AI technology companies that can be attracted within the Gwangju Free Economic Zone and future food-related industries such as AI convergence autonomous driving, renewable energy, and healthcare, ▲Gwangju Free Economic Zone development and investment environment analysis ▲Project commercialization plan ▲Potential investment company and R&D center analysis ▲Strategy establishment such as pre-activation for investment attraction is dealt with as tasks.

Based on the service results, the Gwangju Free Economic Zone Authority plans to establish a customized investment attraction strategy to derive global anchor companies and front-to-back key parts and materials companies, and to conduct effective investment attraction activities by utilizing the network with local industry, government, and research institutes.

The Ministry of Trade, Industry and Energy, KOTRA, and the Gwangju Free Economic Zone Authority will jointly take charge of this project. The commercialization promotion council for each project will be formed around June~July, and service organizations will be invited and selected to carry out the project until December.

Kim Jin-cheol, head of the Gwangju Economic Zone Authority, said, “Through this project, we will present the attractiveness of each complex of the Korea’s only AI-based Gwangju Free Economic Zone Authority. We will do our best to make it happen,” he said. <End>