The Daegu-Gyeongbuk Free Economic Zone Authority (DGFEZ) said Friday it held an investment promotion event after inviting three executives and staff members, including Jacko Zwetsloot, representative of the Australian Chamber of Commerce in Korea.
The event took place on Tuesday. The two organizations agreed to cooperate on exchanging investment information, personnel exchanges, and co-hosting joint events.
As of 2024, approximately 360 Australian companies have invested in South Korea on a cumulative basis, with total reported investment reaching $6 billion.
Australia's major investment sectors include finance, green energy, biotech, information technology, and auto parts — areas closely aligned with the core strategic industries that DGFEZ is focused on developing.
During the event, DGFEZ presented its investment environment and the delegation visited DGIST, the Daegu Gyeongbuk Institute of Science and Technology, to tour facilities related to international joint R&D and industry-academia cooperation.
"We will strengthen strategic cooperation with chambers of commerce from various countries and work to translate these ties into foreign investment," said Kang Sang-gi, acting commissioner of DGFEZ.