[Gyeonggi] Icheon City Sign a Business Agreement to Support 'Fostering High-Tech Industries'

Icheon City has signed a public-private business agreement with SK Hynix, Korea Trade Insurance Corporation, and Korea Overseas Infrastructure Urban Development Support Corporation to support semiconductor high-tech companies.The city of

expected that this business agreement will establish a financial support platform that encompasses investment and exports, enabling systematic and comprehensive support for companies located in Icheon.

Icheon City, SK Hynix, Korea Trade Insurance Corporation, and Korea Overseas Infrastructure Urban Development Support Corporation will provide facility investment financial support, joint investment, capital cost reduction, and investment consulting according to the unique functions of each institution and global professional capabilities.

Through this innovative corporate support, which is the first of its kind in Korea, individual companies are expected to mutually support high-quality investment financing within a single platform, focusing on technology development and export competitiveness, and leading to future new growth.

Icheon Mayor Kim Kyung-hee said, "Starting with the business agreement, Icheon City will support companies in the jurisdiction to advance overseas, attract investment, and revive the industry."