The Incheon Free Economic Zone Authority announced on the 6th that it held an emergency meeting to alleviate concerns of foreign-invested companies following the martial law situation.
The meeting, held the previous day at G Tower in Songdo International City, was attended by seven foreign-invested companies within the Incheon Free Economic Zone, including Janssen Vaccine, Ajinomoto Cellist, Amkor Technology, Sartorius, Merck, HellermannTyton, and Golden Pacific, as well as five foreign universities from the Incheon Global Campus (IGC).
The Incheon Free Economic Zone Authority held an emergency meeting on the 5th to alleviate the concerns of foreign-invested companies and discuss support measures following the martial law situation. Photo by Incheon Free Economic Zone Authority
These companies and universities requested the Incheon Free Economic Zone Authority to share an emergency response manual and establish communication channels to ensure stable business operations.
German global company Merck emphasized that, given the nature of foreign-invested companies, trust with overseas headquarters and partner companies is crucial, and it is necessary to communicate Korea’s situation and stabilization efforts through official documents.
The Incheon Free Economic Zone Authority stressed that the impact of this situation on the Korean economy is limited and promised to prepare tailored countermeasures for foreign-invested companies.
Yoon Won-seok, head of the Incheon Free Economic Zone Authority, stated, "We will strive to ensure stable economic activities for foreign-invested companies and create a safe environment for domestic workers," adding, "We will work with the central government and Incheon City to seek solutions to the issues raised during the meeting."
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