GSFIC

The Gyeonggi Local Government organized a team dedicated to responding to Abe’s trade retaliation as a first step in the preparation of practical measures.

• The TF team’s first meeting of 20 interested persons including Lee Whasoon, vice-mayor of administration Ⅱ, of Gyeonggi Local Government, local government agencies, professional organizations, and companies was held, on July, 11, to respond to Japan’s export regulation of semiconductor and display materials at the Foreign Investment Consultation Office of the local government building.
• The results of TF team’s first meeting are as follows-the Gyeonggi Local government oversees the management and countermeasures of TF team and establishes a cooperative system with the central government, GBSA(Gyeonggi Business Science Accelerator) operates the Export Regulation Damage Report Center and surveys damage situation due to the export regulation, GRI(Gyeonggi Research Institute) analyzes the trends of Japan’s semiconductor export regulation, GCGF(Gyeonggi Credit Guarantee Foundation) is in charge of emergency management funding and moratorium on loan repayment, GTP(Gyeonggi Techno Park) locates and supports the companies localizing parts, and GUIC(Gyeonggi Urban Innovation Corporation) is in charge of a site support for the foreign-invested companies when they move in.
• The TF team plans to hold regular monthly meetings and implement concrete mid-and long-term measures by establishing an organic cooperation system such as holding meetings at any time whenever a matter arises.

The technology industry cooperation networking between companies in Shenzhen, Hongkong and businesses in Gyeonggi-province.

• As Hongkong-Shenzhen technology delegation made up of more than 30 innovation companies visited the Gyeonggi-province, the networking between the delegation and domestic businesses was promoted and the business consultation workshop held.
• This day, the delegation, consisting of senior vice-president of Hongkong Trade Development Bureau, president of Hongkong Science Park, the Hongkong-Shenzhen government concerned, and 40 businessmen, economy director of Gyeonggi Local Government and about 20 interested entrepreneurs of Gyeonggi-province in cooperation with the Great China Region such as MPS Korea(unmanned electric cart) participated in the business consultation workshop.
• Through this workshop in which the high-tech industrial complexes in Gyeonggi- province were introduced, the opportunity to expand the business exchanges(industry, technical cooperation, trade, investment, and etc.) was made between the innovation companies(IT, AT, autonomous driving, and etc.) in Shenzhen, Hongkong and businesses in Gyeonggi-province.

The Gyeonggi Investment Promotion Working Group was dispatched to Europe.

• The Gyeonggi Investment Promotion Working Group visited the high-tech businesses located in Germany and Finland such as semiconductor field, and engaged in investment attraction activities for 5 days from July, 21, 2019.
• The Gyeonggi Working Group introduced the excellent investment environment of Gyeonggi-province for the high-tech industries, main ones, to 5 advanced companies such as Infineon Technologies, Wacker Chemical, and Tech Five Corporation in Germany, and Nokia and Plan Meca in Finland, and discussed the specific investment plan henceforth.
• The Gyeonggi Local Government will continue to implement specialized follow-up measures by company such as finding and connecting collaborative companies in Gyeonggi-province, based on the discussions made through the activities of this Working Group.