Sandan Gong, Joint IR with Local Governments for Mid-sized Enterprise Investment Attraction Held

A 'Platform of Opportunity' for Regional Investment

Participants are taking a commemorative photo at the '2021 Mid-sized Companies Investment Attraction Local Government Joint IR' held on the 26th.

[Asia Economy Reporter Kim Cheol-hyun] A joint corporate briefing session (IR) event was held to expand regional investment attraction by excellent mid-sized companies.

The Korea Industrial Complex Corporation (Chairman Kim Jeong-hwan) announced on the 26th that it held a joint IR for mid-sized company investment attraction with local governments at the Andong Culture and Arts Center in Andong-si, Gyeongbuk, as a linked event of the '2021 Korea Balanced Development Expo.'

Hosted by the Ministry of Trade, Industry and Energy and co-organized by the Korea Industrial Complex Corporation and the Korea Federation of Mid-sized Enterprises, this joint IR proceeded in the order of a win-win cooperation agreement ceremony among local governments, the Korea Federation of Mid-sized Enterprises, and the Korea Industrial Complex Corporation; an investment attraction agreement ceremony between local governments and investing companies; a briefing session on government investment subsidies and investment environments of 14 local governments; and one-on-one customized investment consultations for investing companies by the government and 14 local governments.

Fourteen local governments, the Korea Federation of Mid-sized Enterprises, and the Korea Industrial Complex Corporation signed a 'Local Investment Win-Win Cooperation Agreement' to mutually cooperate in national balanced development, regional economic revitalization, and job creation through local investment by mid-sized companies.

Following this, CEO Kim Jong-ung of Daejoo Cores and CEO Takahashi Shin of Adeka Korea signed agreements with Vice Governor Jo Bong-eop of Jeollabuk-do and County Governor Park Seong-il of Wanju, and CEO Kim Young-hwan of Wellchural Bio signed agreements with Vice Governor Ha Dae-seong of Gyeongsangbuk-do and Mayor Kwon Young-se of Andong City.

Sixty mid-sized companies participated in the joint local investment IR, where the investment environments, corporate support systems, and investment incentives of 14 local governments were introduced, along with explanations of the government's local investment promotion subsidies and domestic return investment subsidies. In the subsequent local government investment attraction consultation session, one-on-one customized investment attraction consultations were conducted between each local government and participating mid-sized companies.

The Korea Industrial Complex Corporation plans to hold investment attraction events annually to support the expansion of regional investment by mid-sized companies in connection with the Balanced Development Expo. Kim Jeong-hwan, Chairman of the Korea Industrial Complex Corporation, said, "I hope this joint IR will provide an opportunity for many mid-sized companies and local governments to achieve a win-win through regional investment," and added, "We will continue to do our best to support regional investment companies together with the government."