Busan-Jinhae Free Economic Zone Authority Opens Online Consultation Channel for Corporate Investment

[Financial News] The Busan-Jinhae Free Economic Zone Authority has opened an online channel through which companies can request specialized consultations, including legal and accounting advice, needed during the investment process.
On the 28th, the authority announced that it was operating a service through a "BJ-INVESTIA Specialized Consultation Request" channel on its Korean-, English- and Japanese-language websites, allowing companies to directly request the professional advice they need.
BJ-INVESTIA is a comprehensive investment-attraction ecosystem that connects companies with public and private professional institutions in six key areas: site selection and design, investment and establishment, finance and incentives, customs clearance and logistics and trade, workforce and settlement, and innovative growth.
The authority explained that the new online channel is significant because it connects the BJ-INVESTIA network, built through agreements with professional institutions, to a service that companies can actually use, thereby improving accessibility and convenience.
Companies can enter their information on the website, select the support areas they need and the professional institutions they wish to consult, and then submit their investment plans or consultation requests. They can attach relevant documents and select support areas and preferred institutions without restriction.
Once an application is received, the authority reviews the details, arranges a consultation with the relevant professional institution and manages any necessary follow-up. Consultation request channels are also available on the English- and Japanese-language websites, allowing foreign companies to apply.
The first phase will involve five legal institutions, including Kim & Chang, SHIN & KIM and BKL, as well as two accounting institutions, including Samil and BDO Sunghyun.
Companies whose consultations are arranged through the authority will receive certain benefits, such as preferential consultation fees, in accordance with the criteria of each participating institution. The authority plans to gradually expand the participating fields and professional institutions to include finance, customs, labor and patents.
Park Seong-ho, head of the authority, said, "We are in the process of turning the foundation of cooperation built with professional institutions into services that companies can actually use." He added, "We will continue expanding the participating institutions and support areas so that companies can address their needs easily and conveniently."
[email protected] Kwon Byung-seok Reporter