Namyangju City, LH Join Forces to Attract Companies to Wangsuk Industrial Complex: "Ease Initial Investment Burden"

First Regular Meeting of Investment Attraction Working Group
Requests Review of Supply Terms to Attract Anchor Companies

Namyangju City in Gyeonggi Province, led by Mayor Choi Hyundeok, discussed with the Korea Land & Housing Corporation (LH) ways to reduce the initial investment burden on companies moving into the Wangsuk Urban High-Tech Industrial Complex and boost sales of industrial lots.

Namyangju City is holding the first regular meeting of the Investment Attraction Working Group with LH's Namyangju Business Headquarters in a City Hall conference room on the 20th. Courtesy of Namyangju City.

Namyangju City said on October 21 that it had held the first regular meeting of its Investment Attraction Working Group with LH's Namyangju Business Headquarters in a meeting room at City Hall on October 20.

Attendees included Yang Giyeong, head of the city's Future City Development Task Force, and the head of LH's Namyangju Business Headquarters, along with other officials from both organizations. They shared updates on lot sales at the Wangsuk Urban High-Tech Industrial Complex and trends in companies' investment inquiries, and discussed strategies for attracting companies that had made inquiries and ways to ease the burden of moving into the complex.

The city asked LH to review the supply terms to attract anchor companies that will play a key role in the industrial complex at an early stage and improve conditions for companies moving in. LH agreed to share the results of its review at the next regular meeting.

The two organizations plan to develop specific measures for cooperation so that investment inquiries lead to companies actually moving in. Through the working group, they will regularly review issues related to attracting companies and cooperate on investment attraction in major development areas, including Yangjeong Station Area and Jinjeop 2 District, as well as the Wangsuk Urban High-Tech Industrial Complex.

Yang Giyeong, head of the Future City Development Task Force, said, "To successfully develop the Wangsuk Urban High-Tech Industrial Complex, it is important to attract outstanding companies at the right time and create conditions for moving in that companies can see the benefits of. We will work closely with LH to explore ways to reduce companies' initial investment burden and make every effort to establish Namyangju as an investment destination that companies seek out first."

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