On the morning of April 16, under the witness of InvestCHN, Korea U2U Co., Ltd. signed an investment agreement with Administrative Committee of Taicang Port Economic and Technological Development Zone. The newly established factory in the development zone of Korean U2U Co., Ltd. is an independent investment company of the Korean parent company, mainly engaged in the research and development and production of beauty instruments and massage instruments in the field of intelligent electronics.

  At the signing ceremony, Member of the CPC Working Committee of Taicang Port Economic and Technological Development Zone and Director of the Economic Development Bureau, Jun Ma emphasized that the Korea U2U Intelligent Massager Project was the first foreign investment project of the development zone this year and was also the first Korean manufacturing project of Taicang Bio-Bay. The development zone will consistently adhere to the principle of serving foreign companies, providing more convenient, high quality and efficient government services for company registration, fire safety assessment and qualification application after the settlement of U2U. It is expected that in the future, it will be able to cooperate with InvestCHN in depth on platform commissioned investment promotion work, and introduce more high-quality foreign investment projects for the development zone to jointly contribute to the economic development of Taicang Port.

  Jeong-ji Song,President of Korea U2U Co., Ltd., thanked InvestCHN for its assistance in the whole process of selecting the new project site, and expressed confidence in the new project. He hoped that with the assistance of the development zone and InvestCHN, they will strive to complete the preparatory work as soon as possible and put it into production as soon as possible.

  Chase Wu, Founder of InvestCHN, said that InvestCHN as a communication bridge between investors and development zones. He will continue to serve investors and development zones, and strive to reduce the cost of both parties by virtue of the platform to enable high-quality foreign projects to settle in the ideal development zone faster and better.

Participants

  InvestCHN: Chase Wu, Founder

  Korea U2U Co., Ltd.: Jeong-ji Song, Director and President; Yongzhu Li, General Manager in China region

  Taicang Port Economic and Technological Development Zone: Jun Ma, Member of CPC Working Committee and Director of the Economic Development Bureau

Business background

  Established in March 1992 by Jeong-ji Song and former Korea LG executives, Korea U2U Co., Ltd. is engaged in research and development and production of beauty instruments and massage instruments in the field of intelligent electronics.