Seoul City said on March 7 that Mayor Oh Se-hoon will send a letter to foreign companies to express his appreciation for their investment in the nation’s capital.
The letter will be sent to 148 enterprises out of the 853 new foreign companies that invested in Seoul last year. These companies have mostly invested in the new growth engines that Seoul has been nurturing, and they offer great scope for job creation.
In the letter, Oh will express his appreciation for the investment made in Seoul by these companies and add that their investment has helped boost the city economy.
He will also explain about the DMC, the SIFC in Yeouido and the Yongsan International Business District, while detailing the tax breaks, cash subsides and other kinds of support that the city provides in order to improve the business environment for the foreign companies in Seoul.
The mayor will emphasize Seoul’s diverse efforts to provide better transportation, medical and housing services for foreign business people. In particular, he will highlight how hard Seoul is working to open renowned foreign schools as part of its efforts to offer a better educational environment for their children.
Meanwhile, Oh will ask these companies to increase the scope of their collaborations with Korean companies for the development of new technologies and the nurturing of talented workers.