Participation in 'K-FEZ Day in Europe'
Focusing on Data, Tourism and Leisure, and Secondary Batteries
The Gwangyang Bay Area Free Economic Zone Authority (headed by Koo Choonggon, hereinafter referred to as Gwangyang FEZ Authority) announced that it participated in the 'K-FEZ Day in Europe' event held in the United Kingdom and Germany for four days starting on the 21st. During the event, the authority carried out investment promotion activities targeting European companies, focusing on strategic industries such as data, tourism and leisure, and secondary batteries.
This event, hosted by the Ministry of Trade, Industry and Energy and organized by the Korea Trade-Investment Promotion Agency (KOTRA), was a joint overseas promotional project for free economic zones. Gwangyang FEZ Authority dispatched a delegation led by Seon Yanggyu, Head of Administrative Development, to directly introduce the investment environment and development potential of the Gwangyang Bay Area to the European market.
On the 21st, the Gwangyang Free Economic Zone Authority investment attraction team is conducting a Korea-UK real estate seminar and business consultations at the 'K-FEZ Day in Europe' event held in the United Kingdom.
The event consisted of a Korea-UK real estate investment seminar, a Korea-Germany advanced industry round table, and business consultation sessions. Major free economic zone authorities from across the country, including Gwangyang, Busan-Jinhae, Ulsan, Incheon, and Chungbuk, participated together.
The Korea-UK real estate seminar, held in London, United Kingdom on the 21st, was attended by more than 30 organizations, including The Association of Real Estate Funds (AREF) and Pure Data Centres Group, a data center company.
At this event, Gwangyang FEZ Authority highlighted the investment appeal of the region by introducing Jeonnam's renewable energy base, plans for establishing cloud data centers, and development projects for the Hwayang Tourism District and Duwu Leisure Complex.
In the subsequent business consultation session, 17 representatives from 10 UK companies related to real estate and data participated. Among them, individual meetings were held with 13 companies, during which detailed explanations were provided about the location advantages, infrastructure, and incentive policies of the Gwangyang Bay Area, and concrete investment discussions took place.
At the 'Korea-Germany Advanced Industry Round Table' held in Germany on the 22nd, logistics company Schenker, factory automation company AMDT, automotive parts manufacturer Prettl, and machinery parts specialist Wilo Pump participated.
During this session, Gwangyang FEZ Authority introduced the investment strengths in advanced industries such as secondary batteries, steel and chemicals, and energy storage systems (ESS), and engaged in practical Q&A sessions with companies interested in establishing a presence in the region.
Seon Yanggyu, Head of Administrative Development at Gwangyang FEZ Authority, stated, "The United Kingdom and Germany rank first and second, respectively, in terms of investment notifications to Korea. This visit to Europe provided an opportunity to effectively promote the competitiveness of the Gwangyang Bay Area through industry-specific proposals and location models. We will continue to manage efforts to create synergy by linking the revitalization of advanced industries and tourism and leisure with improvements in the residential environment."
Meanwhile, according to KOTRA, as of 2024, there have been 75 investment notifications from the United Kingdom and 54 from Germany within Europe, ranking first and second, respectively, making them major countries for foreign direct investment (FDI) in Korea.
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