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Government to Consider Incentive for Foreign Investment on Pharmaceutical and Bio Sector (Medipana News, Sep 5 2019)

Government to Consider Incentive for Foreign Investment on Pharmaceutical and Bio Sector (Medipana News, Sep 5 2019)

 

On September 5, MOTIE convened a 3rd Foreign investment Policy Meeting of 2019 at Korea Trade Insurance Corporation. Led by Jung Dae-Jin, Bureau of Investment Policy, the event aimed to ▲seek new foreign investment goal ▲discuss revising incentive system ▲review 2019’s investment promoting projects. MOTIE and regional governments have planned to talk about focusing on promoting foreign investment on material, component, and equipment sector, and on executing various activities as response to the current recession of foreign investment environment. In particular, the government plans to review regional government offices’ progress on ‘Investment Project 2019’, and provide all-around support by designating one-to-one person-in-charge to flawlessly induce investments planned for 2019. At the moment, Chungcheong Province, Daegu-Gyeongbuk and some capital regions are actively working on hosting investment in pharmaceutical and bio sector.