Hwaseong-si, Network Building to Expand Investment from Foreign Companies

First Meeting Held with ASML, Tokyo Electron, and Others

Hwaseong City in Gyeonggi Province has embarked on building a network to expand local investment by foreign-invested companies within the city.

Hwaseong City announced on the 25th that it held a meeting with major foreign-invested companies at the Dongtan Incubating Center on the 24th. The city explained that this was the first time it held a meeting targeting foreign-invested companies.

At the meeting for foreign-invested companies hosted by Hwaseong City, attendees including Mayor Jeong Myeong-geun of Hwaseong pledged to expand cooperation.
[Photo by Hwaseong City]

The city's move to strengthen its network with foreign-invested companies appears to be based on the judgment that expanding investment from not only domestic companies but also foreign-invested companies is necessary for urban growth. According to the city, as of the end of June, there are 425 foreign-invested companies operating in Hwaseong City.

The meeting was attended by Hwaseong Mayor Jeong Myeong-geun, KOTRA Senior Specialist Kim Ju-hyung, and representatives from ASM Korea, ASML Korea, Tokyo Electron Korea, Autoliv, and others. The meeting covered ▲latest domestic and international investment trends ▲intentions for additional investment ▲guidance on support systems for foreign-invested companies ▲listening to difficulties faced by foreign-invested companies.

Mayor Jeong said, "Taking this meeting as an opportunity, we will do our best to make Hwaseong City a global corporate city and a better city for business."