Daegu-Gyeongbuk Free Economic Zone Authority

Vol.16 - Newsletter - DGFEZ signed MOU for the investment of USD 120

2021-03-29 16:58:37

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◯ Daegu-Gyeongbuk Free Economic Zone Authority(hereinafter DGFEZ) signed MOU to establish R&D centre in Suseong Medical District for developing AI based AR/VR education content on 11th of March.

○ DG Entertainment and Youxiland Digital Co.Ltd. mutually agreed to establish joint venture(JV) in Suseong Medical District for enhancing the capacity of R&D of untact education content and it will start its construction in 2021 and in 2022, the facility will be in full operation.

◯ This occasion is tremendously unique as the investment was offered under this difficult circumstance of COVID-19 with new approach of FDI investment attracting tactic. DGFEZ hosted its IR pitching session on 3rd of December, 2021 to overcome the challenge of era of untact and successfully pulled out the foreign direct investment AR/VR company.

○ Sam Ryong Choi, the commissioner of DGFEZ said “We are very pleased to sign MOU for foreign direct investment that was happened by untact IR session. We have been trying to create new way of investment attraction and we succeeded because of the decent cooperation by local organisations. DGFEZ will continue to support the foreign invested company in order for them to collaborate with the companies in free economic zone.”