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