Busan is good

Foreign investments flowing into city

Contents

Busan's efforts to attract more money from abroad are finally showing results.

Busan's efforts to attract foreign investments are finally paying off, which is helping bolster the regional economy in a big way. As of the end of May, Busan has attracted $142,089,000 through 34 foreign investment deals this year from various companies in Hungary, France, Singapore and the United States.

 

This is a 48.4 percent increase from the $95,714,000 in deals through May of 2009 and a 30.5 percent increase from $108,856,000 in 2008.

The city's goal for the entire year is $500 million. Busan held a marketing presentation explaining the industry parts district within the Busan-Jinhae Free Economic Zone in January. In April and May, it also held an investment presentation in Beijing, China and Fukuoka, Japan and is working hard to attract more investments.

 

In the second half of this year, the city will expand its efforts beyond Japan and China to global companies in Europe and North America.

Along those lines, Busan City will sharpen their focus on Germany, France and Canada in particular and reinforce networking with foreign chambers of commerce in Korea.

Additionally, in July there will be a presentation promoting the Gangseo-gu District's Mieum industrial parts campus.

 

"By discovering potential investment companies, we will achieve this year's goal of $500 million in investments," said an official from the city. "By carrying out a customized investment strategy, we will reach various goals tied to areas such as new construction and expansion of global company factories as well as attract a large amount of foreign investment."

The source of news : Dynamic Busan