President Yoon attends European Investment Declaration Ceremony

  • 등록 2023.12.27 17:22:28
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Korea attracted KRW 1.2 trillion ($940 million) in investment from six high-tech companies in Europe

 

By Publisher Lee Jon-young 

 

President Yoon Suk-yeol, who is visiting France for the BIE General Assembly, attended the European Investment Declaration Ceremony held at a hotel in Paris on June 21.

 

  

At the event, six European high-tech companies announced a total of 1.2 trillion won ($940 million) in investments in Korea. President Yoon personally thanked the CEOs of the six companies for their large-scale investments, and expressed the Korean government's support for investments in high-tech industries.


The six companies are expected to make domestic investments in high-tech industries such as secondary batteries, electric vehicles, offshore wind power, and advanced materials, strengthening supply chain and high-tech cooperation between Korea and Europe.


Imerys and Umicore's investment in production facilities for core materials for rechargeable batteries will contribute to the establishment of a stable supply chain for rechargeable batteries, which have seen a recent surge in demand, while Continental and Nylacast's production facilities for materials and components for electric vehicles and shipbuilding will strengthen cooperation between Korea and Europe in high-tech industries. Equinor and CIP's offshore wind farms will contribute to global efforts to combat climate change.


The government will continue to strive to attract investment from high-tech companies and improve the investment environment so that an innovative industrial ecosystem can be created along with domestic job creation.

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