<Translated with Google Translate.>

Gwangju Metropolitan City, 246.9 billion won performance at Seoul investment briefing

- Investment agreements signed with 15 companies, including Sebang Lithium Battery Co., Ltd.
- Promise of active administrative and financial support, such as investment attraction subsidies and tax reductions
- Introduction to Gwangju’s investment environment strengths, support system, industry-specific development policies, etc.

Gwangju City began to actively attract investment by holding an investment environment briefing session in Seoul with the participation of domestic and foreign promising companies.

Gwangju Metropolitan City (Mayor Kang Ki-jeong) held an investment environment information session to introduce Gwangju's investment environment and new industry development and support policies for about 100 domestic and foreign investors at the Grand Intercontinental Hotel in Seoul on the 27th.

At the investment briefing session on this day, local business support organizations such as Gwangju Free Economic Zone Authority, Artificial Intelligence Convergence Business Group, Gwangju Green Car Promotion Agency, and Gwangju Techno Park participated.

At the briefing session, Gwangju City introduced the investment environment, talent training system, and labor-management win-win cooperation structure of ‘Gwangju, a city of opportunity where tomorrow shines’, attracting investors’ interest in Gwangju as a future investment destination.

At this briefing session, investment agreements were signed with 15 promising companies in the high-tech industry, including battery cell manufacturer Sebang Lithium Battery Co., Ltd., automobile body parts manufacturer Hyundai Hi-Tech Co., Ltd., hydrogen high-pressure container producer Donghee Hi-Tech Co., Ltd., and advanced regenerative medicine treatment developer Nanobio System Co., Ltd. signed and received promises from these companies to invest KRW 246.9 billion and create 373 new jobs.

Gwangju City plans to spare no effort in providing administrative and financial support to these companies to help them take root in Gwangju by providing incentives such as investment attraction subsidies and tax reductions.

In addition, in order to create a business-friendly environment, the 'Gwangju Metropolitan City Investment Attraction Promotion Ordinance Enforcement Rules' were revised to raise the investment attraction subsidy payment rate compared to other cities and provinces, and subsidies were provided to companies relocating to the metropolitan area, new or expanded companies, and companies returning to Korea. , various investment attraction benefits (incentives) such as cash support and tax reduction are provided.

Kim Gwang-jin, Deputy Mayor for Culture and Economy, said, “Gwangju is leaping forward as a leading city of future cars and a representative city of artificial intelligence by intensively nurturing the future car and artificial intelligence industries. “We will help people dream of new opportunities and have the opportunities of tomorrow,” he said.

Meanwhile, as part of its ESG management practice, Gwangju City practiced its social responsibility for low-carbon management transition by excluding the use of various harmful materials at the event and producing printed materials with kraft paper, an eco-friendly material. <End>

(Investment Complex Division, 613-4060)