On the 11th, the Incheon Free Economic Zone Authority held a luncheon meeting at the Orakai Songdo Park Hotel, inviting representatives of Japanese investment companies.
The meeting was organized to strengthen communication with Japanese investment companies and explore solutions to their difficulties and development plans amid increasing uncertainties in domestic and international business environments, such as the imposition of tariffs by the United States.
The event was attended by representatives and officials from 20 Japanese investment companies in the Incheon Free Economic Zone (IFEZ), including Korea Mitsubishi Elevator, Amada Korea, TOK Advanced Materials, Olympus, Ajinomoto Cellist, and Paradise Segasami.
Representatives of the Japanese investment companies shared their views on global economic trends and overall business environments, including recent business trends due to changes in the geopolitical situation and the impact of trade tariff policies. They also proposed various ideas and improvement plans to enhance the investment environment in IFEZ.
These companies requested the necessity of improving transportation infrastructure, strengthening industrial infrastructure such as power supply, facilitating the supply of skilled personnel, and fostering the tourism industry linked to MICE (Meetings, Incentives, Conferences, and Exhibitions) and K-Culture. They also emphasized that IFEZ's support is a crucial driving force for the innovation and growth of investment companies and requested continuous support and cooperation.
In the Incheon Free Economic Zone, 17 Japanese investment companies are continuously and stably conducting business in various fields such as advanced industries, bio, and tourism. The cumulative foreign direct investment (FDI) by Japanese companies invested in the Incheon Free Economic Zone has reached a total of 1 billion USD.
Yoon Won-seok, head of the Incheon Free Economic Zone Authority, said, "Korea and Japan are cooperating very closely in the global value chain (GVC) of core industries such as advanced materials and equipment, bio, and AI semiconductors," adding, "Based on the opinions heard, we will support the growth and development of Japanese investment companies and strive to attract additional investments from other companies."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
