Mayor Min Kyungsun: "We'll give businesses a reason to choose us" ... Business Attraction Strategy Gets Underway

Goyang City Holds Meeting with Around 20 Business and Investment Experts
Discusses On-the-Ground, Tailored Business Attraction Strategies
Plans to Identify Around 100 Target Businesses, Provide Financial Support, and Offer One-Stop Administrative Services
Ramps Up Efforts Ahead of November Land Sales at Ilsan Techno Valley

"Attracting businesses is not something that happens behind a desk. We need to ask businesses on the ground what they need and find solutions."

Attendees pose for a commemorative photo after the “Meeting on Strategies to Attract Businesses” at the Smart City Center of Seongsa Creative Innovation Campus (CIC) on the 15th. The meeting was attended by about 20 people, including business representatives and experts in the economy and investment sectors. Provided by Goyang City.

Goyang Special City Mayor Min Kyungsun is accelerating efforts to build an economically self-sufficient city by prioritizing business-focused, tailored investment attraction strategies. With land sales at Ilsan Techno Valley scheduled for this November, the city has begun actively working to attract businesses, supporting them throughout the entire process, from investment decisions to moving in.

On the 15th, Goyang City held a meeting on business attraction strategies at the Smart City Center of Seongsa Creation Innovation Campus (CIC), attended by around 20 people, including business representatives and experts in economics and investment.

At the meeting, participants shared a draft of the basic business attraction plan and held focused discussions on the conditions businesses consider when choosing a location and ways to stimulate investment.

Although Goyang City has the geographical advantage of being close to Seoul, as well as the Greater Metropolitan Area Express Train (GTX-A) and an excellent living environment, it has faced difficulties attracting businesses due to regulations in the Seoul metropolitan area and competition among local governments.

In response, the city recently visited more than 30 businesses and related organizations to assess investment demand and challenges. Businesses cited not only land prices but also commuting conditions for employees, the availability of skilled workers, and initial investment costs as key criteria for selecting a location.

Reflecting this feedback, the city plans to identify around 100 target businesses in strategic industries, including medical devices and healthcare, K-culture and broadcasting and video production, and smart mobility. Businesses with strong investment potential will be designated as priority management businesses and receive close support, from site proposals through contracting and moving in.

The city is also considering linking businesses with financial and fiscal support to reduce their initial funding burden, providing assistance with employee commuting and settlement, and introducing a dedicated one-stop project manager (PM) system to help with permitting procedures.

In particular, the city plans to incorporate expert opinions presented at the meeting into its basic business attraction plan and step up investment consultations and promotional efforts tailored to individual businesses in conjunction with the land sales at Ilsan Techno Valley scheduled for November.

Goyang Mayor Min Kyungseon holds a meeting on strategies to attract businesses at the Smart City Center at Seongsa Changjo Hyeoksin Campus (CIC) on the 15th, attended by around 20 people, including business representatives and experts in economic and investment affairs. Photo provided by Goyang City.

Mayor Min said, "We will develop practical support measures that align with businesses' growth plans," adding, "We will demonstrate our ability to attract outstanding businesses throughout Goyang City and make Ilsan Techno Valley businesses' top choice."

Meanwhile, Goyang Ilsan Techno Valley is a key project aimed at fostering advanced industries and establishing a new growth hub in the Seoul metropolitan area. Land sales are scheduled to begin in earnest this November.

This content was produced with the assistance of AI translation services.