KOTRA Discusses Collaboration Plans with Local Governments on 10 Key Industries Including Semiconductors

'2023 Industrial Investment Attraction Strategy Briefing' Held

[Asia Economy Reporter Sunmi Park] KOTRA has introduced investment attraction prospects and strategies for 10 key industries this year, including semiconductors, and has begun discussions on cooperation with local governments.

On the 12th, KOTRA announced that it held the '2023 Industry-Specific Investment Attraction Strategy Briefing' at its headquarters in Yeomgok-dong, inviting local governments. This briefing was organized to bring together Invest Korea, KOTRA's dedicated foreign investment attraction agency, and local governments nationwide to share this year's investment attraction prospects and strategies and discuss cooperation plans for investment attraction.

Project Managers (PMs) for each industry presented on ▲ICT ▲Biohealth ▲Semiconductors ▲Future Cars ▲Chemicals ▲Energy ▲Consumer Goods ▲Logistics ▲Regional Development ▲Cultural Contents, introducing the 2023 investment attraction prospects and strategies for a total of 10 industry sectors. They analyzed the investment attraction environment and opportunity factors for each industry this year and shared directions and strategies for investment attraction that local governments can apply to their respective key industries.

An investment cooperation consultation meeting was also held. Led by industry PMs, individual consultations were conducted with officials from the investment attraction departments of each local government. During the consultation, active discussions took place regarding local government-specific investment attraction project issues, key investment attraction directions for each local government this year, and collaboration project plans. Invest Korea plans to actively reflect the discussion contents with each local government in selecting key investment attraction target companies and detailed investment attraction business plans this year, strengthening national investment attraction activities and support linkage for investment attraction outside the metropolitan area.

Jang Sang-hyun, CEO of Invest Korea, said, “Close cooperation with local governments is very important for investment attraction aimed at national balanced development,” adding, “Throughout this year, we will further strengthen investment attraction cooperation with local governments through information sharing and joint investment attraction projects.”