Gwangyang Bay area Free Economic Zone (GFEZ) announced that it concluded investment agreement worth USD 22 million with three Chinese companies in China.

Commissioner of GEFZ Lee Hee-bong attended “2013 China International Logistics Festival” held by Ministry of Transport of the People’s Republic of China in Haikou, Hainan to hold an investment briefing about GEFZ, according to GEFZ’s announcement on 22th.

GFEZ signed investing agreements worth USD 22 million with Shanghai Chuqi Logistics Ltd., Wall-Tech Ltd. and S&W International Chemical Logistics Ltd during the investment briefing.

Shanghai Chuqi Logistics Ltd. is a cargo services company; Wall-Tech Ltd. provides electronic systems for international cargo businesses; and S&W International Chemical Logistics Ltd. provides marine transportation and liquid transportation tanks rental services.

”We will try to promote various advantages of GFEZ such the easy accessibility of Gwangyang Steel Mill to supply raw and subsidiary materials, availability of free trade zone in Gwangyang Port as the export bases to Chinese Companies.” Commissioner Lee said.

Commissioner Lee plans to hold investment briefings in Gwangzhou and Beijing on 25th and 26th respectively.