Busan Jinhae Free Economic Zone Authority holds first 'Foreign-Invested Companies Day'... Strengthens win-win cooperation network

[Financial News] The Busan Jinhae Free Economic Zone Authority (BJFEZ) has set up its first official forum for foreign-invested companies in the 22 years since it opened and is moving to strengthen investment cooperation.
The authority said it held the first BJFEZ Foreign-Invested Companies Day event at Shilla Stay Seobusan on the afternoon of the 11th.
Around 100 people attended, including BJFEZ Commissioner Park Sung-ho, Foreign-Invested Companies Council Chairman Kim In-ho, representatives of foreign-invested companies and officials from related organizations. The event was organized to recognize businesspeople who have contributed to attracting foreign direct investment (FDI) and developing the local economy, and to strengthen cooperation networks among companies.
The program included awards for contributions to investment attraction and regional development, presentations on success stories from foreign-invested companies in the zone, an investor relations (IR) briefing to attract companies to new investment sites, and a special lecture on the global trade environment and exchange rate outlook.
At a presentation on success stories from foreign-invested companies in the zone, Nigae Transline drew attention by sharing its reinvestment success story, having recently expanded into a large-scale cold-storage warehouse business worth 26 billion won.
Kwon A-min, a research fellow at NH Investment & Securities, gave a special lecture on “Changes in the Global Trade Environment and the Exchange Rate Outlook.” Kwon drew interest from companies by presenting strategic responses for Korean businesses to next year’s changes in global trade, including shifts in the balance of power in Congress following the United States midterm elections and changes in the trade environment, as well as concrete implications for industry.
Commissioner Park said, “The 217 foreign-invested companies in our jurisdiction are key drivers of the local economy, accounting for about 25% of the total employment and sales of all companies in the free economic zone. We will be a reliable partner that listens to voices from the field so that companies can establish themselves securely and move toward a greater future.”
Council Chairman Kim also stressed, “We will become a focal point for win-win cooperation by creating business synergies in supply chains and logistics through collaboration among companies, and by ensuring that their difficulties are reflected in policy.”
[email protected] Kwon Byeong-seok Reporter