Mayor Lee Jae-jun Attracts 15 Companies… Suwon City Research Institute Predicts Economic Impact of 481.7 Billion KRW in Production and 172 Billion KRW in Value-Added,
Mayor Lee Jae-jun of Suwon (right) with Kim Ji-hoon, CEO of Project Moon Inc., with whom an investment agreement was signed on the 30th of last month./ Photo provided by Suwon City,
, ‘Suwon Special City in Gyeonggi Province has attracted 15 high-tech companies since Mayor Lee Jae-jun’s inauguration. The local investment amount through this is expected to reach approximately 255 billion KRW.’,
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, ‘According to the city on the 4th, Suwon City Research Institute analyzed the regional economic ripple effects of attracting companies. The economic impacts include production inducement of 481.7 billion KRW, value-added inducement of 172 billion KRW, and employment inducement for 1,746 people.’,
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, ‘Since the beginning of the 8th civil election on July 1, 2022, starting with the global in-vitro diagnostic reagent company SD Biosensor Inc., the city has signed investment agreements with 15 high-tech companies, including Project Moon, a game software development company, by June 30th, over a period of three years. Most of these are small to medium-sized advanced companies with research and development and high-tech manufacturing bases in fields such as bio, AI (artificial intelligence), semiconductors, and application/game software.’,
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, ‘The city is accelerating investment attraction by signing investment agreements with five companies in 2025 alone.’,
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, ‘The city is not only focusing on attracting companies and investments but also actively supporting businesses. Support policies for small and medium-sized enterprises include the Suwon Enterprise Saebit Fund, Saebit Loan, Suwon-style specialized export policies, support for Delta Plex tenant companies, expansion of public and private sector citizen jobs, and improvement of regulations hindering business growth.’,
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, ‘A city official stated, “Suwon has five universities and eight vocational high schools, providing abundant professional manpower. With convenient transportation and excellent residential conditions, both companies and employees have high satisfaction levels,” and added, “We will continue to actively attract conglomerates and high-tech companies to secure Suwon’s future growth engines.”‘