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| Investment Agreement between the Authority of the Free Economic Zone of the Yellow Sea and Shandong Province in Gyeonggi-do |
By Kim Yong-seo Gwangyang Economic Zone authorities traveled to Yantai and Weihai regions of China on July 24-27 and announced an investment of $ 35 million (39.6 billion won) .
Lee Hwa-sun, chief of the authority of the Free Economic Zone of the Yellow Sea, signed an investment agreement with Yong-joon Kim, chairman of the Dongkwan Electronic Commerce Association and General Manager of Shandong Langwol International Transport Service in Yantai, Shandong Province.
On the 26th, he made an investment agreement with the head of the Yunnan Electronic Commerce Group, Wang Hongbae, in Weihai, Shandong, China, and with Kim Dong-kwan, chairman of the Yunnan Electronic Commerce Group, Wang Hongbae. Electronic Commerce Association between Korea and China.
Shandong Langwol International Logistics Co., Ltd. is the No. 1 logistics company in Yantai, established in 1994, and is a major supplier of containers, freight transportation and logistics warehousing.
Yunnan E-Business Group is a promising logistics company established in Weihai City in 2016. It is an e-commerce logistics, marketing planning and transportation complex.
Under this agreement, Shandong Langwol International Transport Group and Weihai Electronics Group will be located in the e-commerce specialization complex, which will be built in the Puyang BIX logistics complex (former district of Puyun).
Shandong Langwol International Transport has invested $ 20 million, or 18,119 square meters, and Weihai Electronic Commerce Group, $ 15 million, for the construction of a logistics warehouse of 9942 square meters.
In addition, on May 25, Shandong Province, Yantai, also signed an economic cooperation agreement with Pyeongtaek Mayor Jeong Jeon-seon and Deputy Mayor Zhang Tai-ling Yantai. The three agencies will expand government support for the activation of the links between Pyeongtaek Dangjin and Yantai ports, encourage investment cooperation, establish relations with local public relations centers and of product exhibitions, and will exchange e-commerce via a maritime ferry.
Lee Hwa-soo, director of Hwanghae Hwanghae, said, "With this investment, the BIX region of Pyeongtaek will become a base for e-commerce activation in Korea and China, and we will also promote logistics cooperation with Southeast Asia and Europe from China. "
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