The 2021 Quzhou International Investment Promotion Conference was held on May 27 in Shanghai to promote further investment and trade cooperation with the Republic of Korea (ROK).

The ROK is the largest import and export partner of Quzhou city, Zhejiang province, having established 12 companies and invested about 2.6 billion yuan (US$ 408 million) in Quzhou so far. In 2020, more than 200 companies in Quzhou traded with the ROK, with the total trade volume approaching 3.2 billion yuan, including 3 billion yuan in export and 200 million yuan in import.

The China-ROK (Quzhou) Industrial Cooperation Park, opened in April 2016, was among the first batch of international industrial cooperation parks of Zhejiang province. It has attracted well-known enterprises in the ROK such as HYOSUNG and LG CHEM to establish operations there. During last week’s conference, the China Council for the Promotion of International Trade Quzhou Sub-Council (CCPIT Quzhou) introduced the investment and cultural environment of Quzhou and the advantages of the industrial cooperation park. 

The event also witnessed the signing of cooperation documents between the eastern China branch of the Korean commerce chamber, CCPIT Quzhou, and companies in Quzhou. Further cooperation will focus on cosmetics, food, outdoor sporting goods, etc.

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