An online signing ceremony promoting cooperation with Sino-South Korea Industrial Park is held on May 29. [Photo/chinanews.com]

An online signing ceremony promoting cooperation with Sino-South Korea Industrial Park was held on May 29, during which a total of seven foreign-invested project agreements worth $70 million were inked.

The conference was held via online video and included a main venue in Yantai and sub-venues in Seoul and Gyeongsangbuk-do in South Korea.

Representatives from Yantai's Economic and Technological Development Zone, Mouping district and high-tech zone introduced their industrial development, industrial foundation, business environment and preferential policies for attracting investment at the conference.

More than 120 people from over 70 leading enterprises from South Korea and Yantai attended the conference.

Zhang Dailing, deputy mayor of Yantai, said that the Sino-South Korea Industrial Park plays an important role in helping promote the city's opening up.

He expressed his hope that more exchanges and cooperation are expected to be carried out after the epidemic and welcome more South Koreans to come to Yantai.

Park Jin-woong, the consul general of South Korea in Qingdao attends the signing ceremony on May 29. [Photo/chinanews.com]

Park Jin-woong, the consul general of South Korea in Qingdao, praised the video format as an innovative way to resume production and maintain economic growth amid the novel coronavirus global outbreak.

He expressed confidence that the park will achieve high-quality development with the support of its superior business environment. More efforts will be made to promote cooperation with South Korea in the cutting-edge fields of new energy vehicles, new generation electronic information and the R&D of new materials.