Hwaseong City Conducts Advanced Industry Business Attraction Activities in Tokyo

Hwaseong Special City (Mayor Jung Myeong-geun) dispatched an investment attraction delegation to Tokyo, Japan together with the Korea Trade-Investment Promotion Agency (KOTRA) from the 6th to the 8th to promote overseas investment attraction activities targeting advanced industry companies in the local area.

On the 7th, the city held an overseas investment attraction briefing at the Tokyo Palace Hotel, attended by approximately 100 Japanese businesspeople and officials from economic organizations. At the briefing, semiconductor industry trends and business developments between Korea and Japan were shared, and information on Hwaseong Special City's investment environment and the legal and accounting systems applicable to investment in Korea was provided.

Lee Hyang-soon, Director of Business Investment at Hwaseong Special City, introduced the investment environment, stating, "Hwaseong Special City, the core city of Korea's mega semiconductor cluster, is equipped with excellent transportation networks, large-scale industrial complexes, and knowledge industry centers." She also introduced the city's urban environment with job, residential, cultural, leisure, and educational infrastructure as well as various business support policies.

During a visit to the Tokyo Trade Office, the city strengthened its global network through individual meetings with global semiconductor companies including Tokyo Electron and the Japan Semiconductor Equipment Manufacturing Association.

Additionally, at the headquarters of Tokyo Precision in Japan, the city signed a memorandum of understanding (MOU) on mutual development regarding the corporate headquarters and demo center being constructed in Hwaseong Special City. Under the agreement, the city will actively cooperate in administrative support including permits, and Tokyo Precision will cooperate in investments for job creation and regional economic development.

Regarding this, Hwaseong Special City Mayor Jung Myeong-geun said, "This activity served as an opportunity to understand the latest investment trends of Japanese companies and directly promote Hwaseong Special City's excellent investment environment," adding, "Through the investment attraction briefing and corporate meetings, we have laid the groundwork for substantive investment cooperation."