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Yellow Sea (YESFEZ) | YESFEZ Seeks to Attract Chinese Logistics Companies
On May 27, YESFEZ announced that it will actively attract investments from Chinese logistics companies through an investment promotion agreement with Chinese business organizations.
For three days beginning May 28, YESFEZ will send an investment promotion team to Qingdao, Shandong to sign an MOU with the China Council
for the Promotion of International Trade (Qingdao Division) and China Transportation Association (Logistics Division), and conduct activities aimed at attracting investments
from among the 6,000 member companies, including logistics companies in Qingdao and other parts of China.
Hwang Seong-tae, commissioner of YESFEZ, said, “The basic infrastructure in Pyeongtaek Poseung District (BIX) will be ready this September.
Many local and foreign companies working with China have been showing interest because of the site’s proximity to Pyeongtaek Port and affordable lots, 34% lower than the market price.”