Gyeonggi and Chungcheong Provinces to Deploy Joint Investment Attraction Delegation

Gyeonggi Province announced on the 19th that it will jointly establish an investment attraction delegation and overseas market exploration team with Chungcheongnam-do Province, which signed a "mutual development cooperation agreement," and dispatch them overseas in the latter half of this year.

According to the province, the two provinces plan to establish an investment attraction delegation to attract advanced automotive component manufacturers and LCD-related component manufacturers, in which both provinces have competitive advantages, and dispatch them to Europe or the United States in September to October.

The delegation will consist of approximately 20 members led by the governors of Gyeonggi Province and Chungcheongnam-do Province. On-site, they will jointly hold investment attraction briefing sessions and conclude memorandums of understanding or investment agreements with local companies.

Gyeonggi Province and Chungcheongnam-do Province also plan to dispatch an overseas market exploration team composed of approximately 20 manufacturers in the fields of manufacturing, textiles, and advanced information technology products to India in October.