The Busan-Jinhae Free Economic Zone (BJFEZ) Tuesday held a conference to lure further investment into the free economic zone at the BJFEZ Authority in Busan.
During the Investment Attraction Committee meeting, presided over by Commissioner Ha Myeng-keun, on the agenda were plans to draw large domestic companies, which gave up plans to set up shop in the proposed administrative city of Sejong. The government had tried to revise the plan and turn it into a business and science city but its attempt was foiled at the National Assembly.
The BJFEZ Investment Committee is comprised of 14 specialists from the academic, public and private sectors.
They also talked about attracting suitable and prospective investors to both the Myeongji and Ungdong areas that are currently under development.
Established in 2004 with the aim of becoming the international business and logistics hub of Northeast Asia and the world, the BJFEZ has so far drawn $5.4 billion in investment and financial commitments.