S. Korean firms seek business opportunities in Yantai

A Sino-South Korean business exchange recently takes place in the Yantai Huang-Bohai New Area. [Photo/WeChat account: ytkfqfb]

The Yantai Huang-Bohai New Area has become a hub for South Korean investment and business expansion, as 12 South Korean technology innovation firms and 20 entrepreneurs recently attended a Sino-South Korean business exchange at the Sino-South Korean technology innovation incubation base.

The base, a joint effort by the Yantai Huang-Bohai New Area, the Korea Institute of Science and Technology, and the Korea Techno-Venture Foundation, has already accommodated 30 South Korean tech enterprises.

At the exchange event, six South Korean projects in biopharmaceuticals, medical devices, and AI sectors presented their initiatives, facilitating tailored collaborations with Chinese businesses and investors.

Chinese and South Korean entrepreneurs engage in one-on-one exchanges. [Photo/WeChat account: ytkfqfb]

Kim Sang-hwan, director of the Korea Techno-Venture Foundation, emphasized the alignment between the area's advantageous industries and the growing emphasis on digitalization and intelligence amidst the trend of green, low-carbon, high-quality development.

Neos Healthcare's manager lauded the area's robust infrastructure and support services, anticipating a surge in development momentum from the concentration of more innovative elements.

The Yantai Huang-Bohai New Area, located next to South Korea, has strategically positioned itself as a pivotal area for expanding openness, already attracting investments from renowned South Korean enterprises like LG Display, Hyundai Motor, and DN Solutions.

The Sino-South Korean (Yantai) Economic and Cultural Exchange Center is located in the Yantai Huang-Bohai New Area. [Photo/WeChat account: ytkfqfb]