Main results from visit to United States,Attract Investment,Friendly Cooperation,Technical exchange and cooperation

2009 4 April Info letter No.59
Main results from visit to United States

Attract Investment

 investment agreements: five companies,
    $161,000,000, new hire 2150
 Z co.(2nd rechargeable batteries for hybrid automotive):
    $30,000,000, employ 4 32 people
 WTA co.(aircraft parts): $ 31,000,000, employ 590 people
 Imbera co.(semiconductors, PCB for mobile):
    $30,000,000, employ 315 people
 Air Products co.(special gas for semiconductors):
    $50,000,000, employ 600 people
 Broadcom co.(Wireless Communication Technology):
    $20,000,000, employ 213 people
 LOI submitted: RED co.(develop complex shopping mall
    $300,000,000, employed 8775 people)
 Investment presentation: 1 time
 New York: 11 companies (renewable energy sector 5,
    financial sector 5, electronic parts, 1)
 Investment meeting: 3
 LA: Raleigh Studios (rent film facilities equipment),
    Prologis (logistics), Qualcomm (wireless technologies)

Friendly Cooperation

 meeting with Arnold Schwarzenegger, governor of California
 exchanges and cooperation in the green industry appointments
    in Green technology, solar, wind power, etc.
 visit Gyeonggi-do and promises support to open Trade Office
    in California

Technical exchange and cooperation

 Exchange corporation with compound semiconductor device technology(SEMATECH)
 signed Memorandum of Understanding (MOU) regard joint development of combine semiconductor
    device technology with nano-element Specialized Fab CenterIKANC), and SEMATECH.
 create a synergy effect by combines the strengths of both technology

Governor kim moon soo having discussion with Arnold Schwarzenegger, governor of California.

Visit Qualcomm headquater,and investment and having business talk with chairman and management


PDF Download↓
2009.04Newsletter_English.pdf

the source - http://www.invest.go.kr/eng/index.jsp

the source- http://www.apec.org/apec/apec_groups/som_committee_on_economic/som_special_task_groups/mining.html

Mining Task Force
The mining, mineral and metal industries are very important to APEC member economies as the majority of global trade and investment in these commodities occurs in the APEC region. Some APEC members are significant producers and consumers of minerals and metals, and many APEC economies derive important economic and social benefits from the development, use and trade of minerals and metals.

In 2007, APEC Ministers endorsed the establishment of the Mining Task Force (MTF) based on the recommendation of the 2006 Review of APEC Fora undertaken by the Senior Officials' Meeting Steering Committee on Economic and Technical Cooperation (SCE). The MTF derives its mandate from priorities set by APEC Leaders and Ministers and from directions provided by Ministers responsible for mining.

At the 15th APEC Economic Leaders' Meeting in Sydney in 2007, Leaders endorsed further economic integration in the Asia-Pacific region and agreed to accelerate efforts towards this objective by, "facilitating integration in sectors such as transportation, telecommunications, mining and energy."

The 2007 Ministers Responsible for Mining Meeting Statement gives direction to economies and the MTF regarding future work. Ministers agreed to the 10 APEC Mining Policy Principles, in particular:

Pursue policies that enhance the sustainable production, trade and consumption of minerals and metals thereby improving the economic and social wellbeing of our people.
Foster regular exchange between member economies about experiences with regulations, policies and practices and about significant developments in each economy's minerals and metals sector.
Foster investment certainty in the APEC minerals sector through the pursuit of open minerals and metals markets and the articulation of clear and predictable investment policies.
Promote cost effective, evidence based, transparent and objective-based measures which improve the efficiency in the regulation of the minerals industry to contribute to economic, environment and social development outcomes.
Encourage, support and promote initiatives by the minerals and metals industry and stakeholders that contribute to national and international sustainable development goals.
Support capacity building activities for sustainable development so that all APEC Economies are able to maximise the benefits and minimise the impacts from minerals resource development.

From 1996 until 2005, APEC dealt with mining issues through the Group of Experts on Mineral and Energy Exploration and Development (GEMEED). From 2005 until 2007, mining was considered through the Non Ferrous Metals Dialogue (NFMD).

Achievements

The first meeting of the MTF was held in Arequipa, Peru from 23-24 May 2008. Members agreed to undertake a study on how to attract investment to the mining sector with a focus on rules of investment, the regulatory framework impacting the industry, and the availability of a skilled workforce. Russian project proposals on sustainable growth in mining in APEC on best practices in mining and in further processing of iron ore were endorsed.

The second MTF meeting was held in Lima, Peru on 26-27 August 2008. Members agreed to develop a report on the current status of the mining sector including new developments and trends and important events and initiatives. The report will be tabled by the MTF for member economies' consideration and information.

Canada and Chile proposed conducting research and analysis on "Investment Attractiveness in Mining". Hence, Canada, Chile, the United States and Russia were requested to jointly analyse world best practices for attracting investment in the mining sector, to present the report for the consideration of industry representatives and to prepare an evaluation report for the MTF member economies intersessionally.

Current Activities

The MTF has incorporated a Canadian proposal to add an item about the "Exchange of Information in the context of responding to the United Nations Commission on Sustainable Development?s review of mining" into its Work Plan for 2009.

Two project proposals endorsed by the second MTF meeting, namely "Sustainable Development in Mining in the APEC Region" and the "Creating a Framework for Corporate Social Responsibility Stakeholder Dialogue: Mining Industry Operations" were adopted by APEC and are currently being developed.

The 3rd MTF meeting will be held in Singapore in July 2009 and will be preceded by a Conference on Sustainable Development in Mining in the APEC region.

Achievements

The first meeting of the MTF was held in Arequipa, Peru from 23-24 May 2008. Members agreed to undertake a study on how to attract investment to the mining sector with a focus on rules of investment, the regulatory framework impacting the industry, and the availability of a skilled workforce. Russian project proposals on sustainable growth in mining in APEC on best practices in mining and in further processing of iron ore were endorsed.

The second MTF meeting was held in Lima, Peru on 26-27 August 2008. Members agreed to develop a report on the current status of the mining sector including new developments and trends and important events and initiatives. The report will be tabled by the MTF for member economies' consideration and information.

Canada and Chile proposed conducting research and analysis on "Investment Attractiveness in Mining". Hence, Canada, Chile, the United States and Russia were requested to jointly analyse world best practices for attracting investment in the mining sector, to present the report for the consideration of industry representatives and to prepare an evaluation report for the MTF member economies intersessionally.

Current Activities

The MTF has incorporated a Canadian proposal to add an item about the "Exchange of Information in the context of responding to the United Nations Commission on Sustainable Development?s review of mining" into its Work Plan for 2009.

Two project proposals endorsed by the second MTF meeting, namely "Sustainable Development in Mining in the APEC Region" and the "Creating a Framework for Corporate Social Responsibility Stakeholder Dialogue: Mining Industry Operations" were adopted by APEC and are currently being developed.

The 3rd MTF meeting will be held in Singapore in July 2009 and will be preceded by a Conference on Sustainable Development in Mining in the APEC region.