Saemangeum Development Agency (Director Kim Ui-gyeom) met with a visiting delegation including Chinese Ambassador to South Korea Dai Bing and Economic Counselor Wang Zhilin on the 5th to share the current status of Saemangeum development and discuss ways to expand cooperation with Chinese companies investing in Saemangeum.

This visit to Saemangeum took place in the context of discussions on economic cooperation between the two countries being resumed and expanded, following the APEC summit between China and South Korea and President Lee Jae-myung's visit to China.

In particular, the visit aimed to confirm the strategic value and growth potential of Saemangeum as a key hub for economic cooperation between South Korea and China and to explore practical cooperation measures.

Director Kim Ui-gyeom explained the progress of the Saemangeum project, stating, "Saemangeum is creating an optimal investment environment friendly to companies based on renewable energy to leap as a future growth hub with industrial, logistics, energy, and tourism functions."

He emphasized that Saemangeum National Industrial Complex is an officially designated industrial complex by the governments of both South Korea and China, and there is increasing interest from Chinese companies in this area.

Furthermore, based on its abundant potential for renewable energy, Saemangeum is actively promoting the establishment of an RE100 industrial complex, which will be an attractive investment opportunity for Chinese companies seeking to adapt to global supply chain changes and achieve carbon neutrality.

Both sides exchanged views on concrete cooperation measures, including the promotion of a Saemangeum visit by a delegation composed of major Chinese investors in the future.

Chinese Ambassador Dai Bing described Saemangeum as a symbolic space for South Korea-China industrial cooperation, stating, "As the importance of renewable energy and eco-friendly industries is increasing, I will actively seek ways for Chinese companies to participate in the activation of the South Korea-China industrial complex and the RE100 industrial complex."

Director Kim Ui-gyeom stated, "The visit to Saemangeum by the Chinese Ambassador's delegation is an opportunity to demonstrate that Saemangeum is being recognized as a practical hub for economic cooperation within the context of South Korea-China diplomatic relations," and added, "Taking advantage of this opportunity, we will continue to closely cooperate to enable Saemangeum to make another significant leap as a South Korea-China industrial complex through Chinese investments."