Suwon City Launches Investment Attraction Deliberation Committee

Suwon City held its first Investment Attraction Deliberation Committee meeting on the 5th at the city hall situation room, presenting appointment certificates to the committee members.

The Suwon City Investment Attraction Deliberation Committee is composed of four ex officio civil servants including First Vice Mayor Yoon Sung-gyun as chairman, and 11 prominent figures from various sectors including university professors, business executives, and accountants.

The appointed members include Councilmember Park Soon-young from the City Council, Director Lee Gye-an from the 2.1 Research Institute, Professor Choi Jae-bung from Sungkyunkwan University, Branch Manager Noh Sun-wook from the Industrial Bank of Korea Suwon Branch, Director Yun Jong-tae from Hanul Accounting Firm, Specialist Committee Member Yoo Young-ryeol from KOTRA's Foreign Enterprise Grievance Handling Team, Research Committee Member Moon Mi-sung from the Gyeonggi Research Institute, Division Chief Choi Seung-sik from the Gyeonggi Regional Small and Medium Business Administration, Director General Heo Seung-beom from the Gyeonggi Provincial Government's Economic Investment Bureau, CEO Moon Jong-guk from Opfit Information & Communications Co., Ltd., and Chairwoman Kim Hee-kyung from the Suwon Women Entrepreneurs Association.

The committee will pursue ▲establishment of basic investment attraction plans and implementation of major initiatives ▲various support measures for investment attraction targets ▲selection of operators through investment attraction project public recruitment ▲matters related to designation of investment attraction companies.

First Vice Mayor Yoon Sung-gyun stated, "I hope that the values and philosophy of Humane City Suwon will be reflected through the Investment Attraction Deliberation Committee," and added, "I request your generous support and cooperation to serve as a foundation for Suwon's development."

Despite facing significant difficulties in attracting businesses as a congestion-restricted area, Suwon City established a dedicated investment attraction organization on December 27, 2010, and concluded an MOU regarding SKC Co., Ltd.'s headquarters relocation and research institute expansion on January 28, 2011.

Additionally, the city has achieved results in attracting global R&D research park investments including the additional establishment of Samsung Electronics (R5) research institutes and the construction of CJ CheilJedang Co., Ltd.'s integrated research institute.