‘Center of Change, Gyeonggi of Opportunity’ Year 2022 Summary (Second Keyword : Economy)

The first year of Gyeonggi Province’s 8th popularly elected administration, which asserts ‘Center of Change, Gyeonggi of Opportunity’ as ...

The first year of Gyeonggi Province’s 8th popularly elected administration, which asserts ‘Center of Change, Gyeonggi of Opportunity’ as its core value, has successfully wrapped up.

Today we will take a look at the first year of Gyeonggi Province’s 8th popularly elected administration, focusing on the second keyword ‘economy'.

(2. Economy) Expanded its economic sphere to the global level.

[Economy] Attracting global investment and expanding Gyeonggi’s economic sphere

8. (Semiconductors) Attracted institutes of the world’s top 4 semiconductor equipment companies, including ASML, to Gyeonggi Province, thereby accelerating Gyeonggi's emergence as a global center of semiconductor innovation.
- Attracted R&D center of AMAT(Applied Materials, U.S.), the world’s leading semiconductor equipment manufacturer (July 6)
- Attracted next-generation non-memory semiconductor research institute of Onsemi (U.S.), the world’s second-leading power semiconductor corporation (July 7)
- Began construction of the Hwaseong cluster of ASML (Netherlands), which has exclusive technology in the photolithography equipment field (November 16)

9. (Global Corporations) Inexorable investment attraction despite the ‘Ice Age’ of investment, securing combined investments of KRW 4.5 trillion
- Attracted investments from global corporations including KRW 1.4 trillion from Onsemi (U.S) and KRW 240 billion from AMAT (US.), amounting to approximately KRW 2 trillion
- Roundtable event held to attract investment from innovative global corporations for future growth, realizing total investment attraction of KRW 2.5 trillion (November 24)
- Won Presidential Award for successful attraction of investment by innovative global corporations (November 1)

10. (Investment Communication) All-out global investment attraction efforts, including meetings with heads of North American and European chambers of commerce and CEOs of innovative global corporations.
- Investment invitation made to Paul Verhagen, CFO of ASMI (Netherlands), a global semiconductor equipment corporation (October 11)
- Investment invitation made to Carlos Monreal, CEO of Plastic Energy (UK) (November 15)
- Discussions regarding investment with heads of North American and European chambers of commerce in Korea (December 2)

11. (G2 Diplomacy) Promoting innovation alliance with the U.S. Ambassador to Korea, and reinforcing economic cooperation with the Chinese Ambassador to Korea
- Met with U.S. Ambassador Philip Goldberg and discussed climate change, carbon neutrality, economic cooperation, and enhancing the Korea-America alliance (November 30)
- Propelled exchange and cooperation with Virginia Senator Chap Petersen (U.S.) and New Jersey Representatives Ellen Park (U.S.) (August 19)
- Discussed reinforcement of economic exchange and cooperation with Chinese Ambassador Xing Haiming and received appreciation plaque honoring the 30th anniversary of diplomatic relations between Korea and China (December 14)
- Attended 8th Korea-China Economic Cooperation Forum marking the 30th anniversary of diplomatic relations between Korea and China. (November 22)

12. (Strategic Diplomacy) Promoting Gyeonggi Province's strategic diplomacy with the U.K., Germany, and Vietnam.
- (Vietnam) Discussed relationship enhancement plan with Vietnamese President Nguyễn Xuân Phúc (December 6)
- (U.K.) Met with British Ambassador Colin Crooks (July 27) and delivered address at Korea-Britain Society event at invitation of the ambassador (November 30)
- (Germany) Discussed expansion of exchanges including eco-friendly technology with German Ambassador Michael Reiffenstuel (August 9)

13. (Global Diplomacy) Beginning of new global strategy to expand economic sphere of Gyeonggi Province
- Continuing global diplomacy initiatives, including those with UN COP26 Ambassador Nigel Topping, Acting Canadian Ambassador to Korea Tamara Mawhinney, former Serbian President Boris Tadić, Latvian Ambassador Aris Vigants, and Tashkent Governor Zoyir Mirzayev

Today, we looked at Gyeonggi Province expanded its economic sphere to the global level to cope with the global economic downturn.

Tomorrow, we will take a look at Gyeonggi Province’s achievements with the last keyword ‘communication'.