On 6-8 November last South Korea opens the annual summit Invest KOREA Summit 2023, organized by the South Korean Ministry of Trade, Industry and Energy. and the national investment promotion agency is Invest KOREA (IK). that aims to support the establishment of foreign businesses in South Korea This agency is part of the Korea Trade-Investment Promotion Agency (KOTRA), an organization of the South Korean government. It has offices in many countries around the world. The South Korean Trade and Investment Promotion Office in Thailand invited “Thairath” to join a special program for the media at this summit. Held in Busan Important port city of South Korea
The author traveled to South Korea at the beginning of the week. It’s in the period when the trend of banning travel to Korea is hot and trending on social media. or original twitter This is because there are Thai people who have been refused entry into the country by South Korean immigration officials. Even though I’m a bit worried But it was easy to pass through the immigration checkpoint. Get a glimpse of Busan The city is complete with mountains and sea, and towering buildings. Houses are built in descending order along the mountain levels. Cleanliness appears in many areas, people are friendly. During the final round of the competition for Busan to be the host of World Expo 2030 (2030), buildings posted signs supporting the hosting of Big E. This event is because the other two contenders are not ordinary at all, Rome of Italy and Riyadh of Saudi Arabia. As for who will row and who will park on November 28th, you will probably know from the International Exhibition Organization. or BIE in France Who will you choose to be the host?
Busan’s World Expo 2030 is themed Transforming Our World, Navigating Toward a Better Future, shining a light on hope for a future where changing the world will lead to a better future. The Korean team took the media on a boat along the seashore to brave the cold winds. Invites you to see the construction progress of World Expo 2030, which is located in the North Port area, an old port area of Busan. Covering an area of 3.43 million square meters, equivalent to 480 football fields, this area is being revived and transformed into a tourist attraction and cultural service. And there will be plans to develop additional waterfront areas. To support the concept of green space and necessary facilities. The exhibition space will be designed with the concept of rebirth into a space where industry, technology, nature and humans coexist in harmony.
As for Invest Korea Summit 2023, the main venue will be BEXCO, Busan’s international convention and event center. The main goal is to bring together 250 foreign investors from more than 30 countries in the semiconductor industry. (Electronic devices where the electrical conductivity is between a conductor and an insulator), electric vehicles, energy, and secondary batteries It is a battery that, after being used, can be recharged to be used again. Come explore business opportunities in South Korea.
But before the big meeting The South Korean team opened a conference room in the Nuri Maru building. Near Haeundae Beach It used to be the APEC Summit that South Korea hosted in 2005, allowing foreign media to meet with Mr. Jang Yong-jin, the first Deputy Minister of Trade, who was interviewed about the issue. Korean investment in Southeast Asia or ASEAN Rising production costs in China and the increasing competitiveness of Chinese companies This has caused South Korea and many other countries to change their investment strategies. ASEAN will transform into an important trade and investment center. Zhang gave information that Chinese investors are focusing on investing in Korea. Especially in the field of secondary batteries. and acknowledged the political tensions between the United States and China. But with China being South Korea’s largest trading partner Therefore, it will continue to cooperate and participate in discussions with China. South Korea’s basic position is It will provide administrative support to Chinese businesses or other foreign investors. So that they have no obstacles in doing business in South Korea. Especially in terms of taxes and financial incentives There are short-term funding sources available.
During the big event at Baekko, there were important people from Busan, including Mr. Park Hyung Joon. Mayor of Busan, Mr. Lee Sung-geun, Deputy Mayor of Busan Including the appearance of government bigwigs like Mr. Han Deok Soo, Prime Minister of South Korea, Mr. Bang Mun Kyu, Minister of Trade, etc. The South Korean Prime Minister spoke on the summit stage saying, Foreign investment will help accelerate South Korea’s transition to a more environmentally friendly industrial structure. Create opportunities for modern technology development The ability to compete in business is important to prosperity and national security. The main foundation that will help maintain competitiveness is private sector investment.
At this event, the Prime Minister Han also met with executives from five foreign companies, including B.Grimm Power, one of Thailand’s leading private power producers and distributors, and Ocean Winds from Spain, which has announced a project to establish an offshore wind farm. coast Expected to help South Korea expand its use of renewable energy, Renault Motors from France has a branch in South Korea. also pledged to change production lines to lead to the production of environmentally friendly cars. Hines, a real estate development company from the United States. has submitted a plan to establish a research and development center for quantum computing technology, while TOK Advanced Materials from Japan aims to push the construction of a new materials factory for semiconductor production.
The investment decisions of the 5 companies totaled 940 million dollars or more than 33,630 million baht. It is considered to be in line with the theme of this year’s summit: Accelerating a Sustainable Growth by driving Innovation, indicating that South Korea is stepping on the accelerator of sustainable growth. By driving innovation…and the world must watch!
Suphangphak Sarayapong
#Invest #Korea #Summit
2023-11-11 22:50:00
