Investment News
2015 China-South Korea Industrial Cooperation (Wenzhou) Summit held in Wenzhou

On January 16, 2015, the 2015 China-South Korea Industrial Cooperation (Wenzhou) Summit organized by the Investment Promotion Agency of Ministry of Commerce (CIPA) in association with the Department of Commerce of Zhejiang Province (DOCZJ) and the Wenzhou Municipal People's Government was held in Wenzhou.

Yang Yihang, deputy director-general of CIPA; Lee Ho-jun, minister-counselor of the Embassy of the Republic of Korea in China; Ma Hongtao, deputy director of DOCZJ and Chen Yixin, member of the Standing Committee of the CPC Zhejiang Provincial Committee and secretary of the CPC Wenzhou Municipal Committee attended and addressed the summit. Yang noted that various economic development zones and industrial parks have developed into Chinese provinces and municipalities' major investment promotion carriers, to better promote investment for South Korea, CIPA will consider providing necessary support for the establishment and construction of China-South Korea industrial parks in some areas with certain industrial foundation, work with relevant South Korean agencies on the planning and construction of local China-South Korea industrial parks, invite South Korean enterprises for local investigations, and preferentially recommend fine parks to South Korean enterprises with investment intent, so as to increase enterprise benefits and promote local development. Subsequently, on behalf of CIPA, Yang signed a framework cooperation agreement with Hu Ganggao, vice mayor of Wenzhou on jointly advancing the construction of "Wenzhou-South Korea Industrial Park".


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