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BJFEZ Authority Actively Attracts Investment
Theme Park Development
BJFEZ Authority Actively Attracts Investment
  • By Jung Min-hee
  • July 10, 2015, 05:00
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Heo Seong-gon, commissioner of the Busan-Jinhae Free Economic Zone Authority.
Heo Seong-gon, commissioner of the Busan-Jinhae Free Economic Zone Authority.


Busan Jinhae Free Economic Zone Authority (BJFEZ Authority) Commissioner Heo Seong-gon is making every effort to directly attract investment in a bid to improve investment attraction performance and successfully push ahead with the Ungdong Global Theme Park Project.

In order to achieve tangible investments, Huh met officials from the nation’s leading conglomerates, including Hanwha, Lotte, and Doosan, the Bank of China, and the European Chamber of Commerce in Korea (EUCCK) in Seoul for two days from June 16 to 17 to attract investment.

For stable promotion of the Ungdong Global Theme Park Project in Jinhae, he discussed various investment and cooperation plans such as the joint investment of the nation’s large companies and foreign investors in a whole project, and partial investment of large companies in the hotel, shopping mall, water park, and resort sectors, where they have accumulated expertise through their businesses at home and abroad.

In the meeting, Huh stressed that the BJFEZ is in the center of Korea’s major industries of shipbuilding and automobiles, and also of the world’s three economic development axes, since it is less than three hours away from 60 cities with a population of more than 1 million. Also, he asked Chinese companies in the metropolitan area and the EUCCK’s member companies to invest in the zone and the creation of Myeongji International City.

After being elected as the fifth BJFEZ Authority Commissioner on March 12, Huh has reformed the authority and worked intensively to make the BJFEZ a creative global economic zone with the 100-day goal of “the world’s best distribution and business center realization.”

In particular, the BJFEZ Authority will invite the EUCCK’s CEO and executives to an investment promotion meeting, which is scheduled to be held at Haeundae Nurimaru from Sept. 18, to aggressively promote the strengths of the zone and firmly lay a foundation for investment.