An investment promotion event targeted at South Korean high-tech companies is held by the Zhangjiagang government. [Photo provided to chinadaily.com.cn]

Zhangjiagang, a county-level city in Suzhou, East China's Jiangsu province, held an investment promotion meeting targeted at South Korean high-tech companies on March 3 in Shanghai.

Agreements for 17 projects related to sectors such as biomedicine, semiconductors, and high-end intelligent equipment were signed during the meeting.

Officials from Fenghuang town in Zhangjiagang gave a briefing about the South Korean Industrial Park that is located in the town. The industrial park, which is home to several industrial clusters for high-end equipment, auto parts, biomedicine, and other sectors, established long-term strategic partnerships with the Korea Innovation Center (KIC) China and Samwha Accounting Corporation at the meeting.

Fenghuang town will make the best of its advantageous location to integrate itself with Suzhou and the Yangtze River Delta region, and focus on attracting promising high-tech projects, said the town's officials.

Zhangjiagang is currently home to 131 South Korean companies, including LG Chemical, Pohang Iron and Steel Co, and Hyundai Wia. The companies have invested more than $4.4 billion in a wide range of industries including metallurgy, machinery, and papermaking.