To further enhance communication and cooperation with South Korean companies, the South Korean Business Networking Event was held on Dec 27 in the Qingdao Free Trade Zone.
Photo of the South Korean Business Networking Event on Dec 27. [Photo provided to chinadaily.com.cn]
Gao Shanwu, deputy secretary of the Qingdao West Coast New Area Work Committee and director of the Qingdao Free Trade Zone Management Committee, stated that the Qingdao FTZ and Sino-German Ecological Park, with their institutional openness, have attracted numerous global Fortune 500 companies and become top choices for foreign investment.
So far, there are 189 South Korean-invested projects totaling over $1 billion in capital. This year, trade with South Korea exceeded 6 billion yuan ($822.03 million). Qingdao will continue to enhance and introduce policies to boost investment and business growth.
Representatives from China and South Korea engage in an in-depth discussion. [Photo provided to chinadaily.com.cn]
KOTRA Qingdao Trade Center Director Kim Lun-hee emphasized that Qingdao is a gateway for South Korean companies entering China, with half of Shandong's South Korean-invested enterprises located in the city. The zone will continue to strengthen cooperation with local authorities to improve the business environment and support business growth.
Liang Yuanjun, legal representative of a local company, stated in a speech that since the company's start in the zone in 2001, it has received strong support and maintained robust growth. Most notably was its 20 years leading global sales in end mills. He believed that, with joint efforts, the company would seize even greater development opportunities.
The Qingdao FTZ and Sino-German Ecological Park have focused on optimizing the business environment and promoting high-quality economic development. Moving forward, Qingdao will enhance innovation, introduce more policies to support businesses, and foster China-South Korea economic cooperation.
China (Shandong) Pilot Free Trade Zone Qingdao Area
