Announcement of Investment Plans by 10 Major Corporations in Their Teens... Actively Strengthening Corporate Networking
Special Committee Launched Before the Start of Minseon 8th Term... A Sign of Urgency to Prevent Youth Outflow
[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Gwi-yeol] Gyeongbuk Province officially declared on the 17th at the provincial office the launch of the 8th term "Gyeongsangbuk-do Investment Attraction Special Committee," aiming to usher in an era of 100 trillion won in investment attraction.
The Investment Attraction Special Committee is co-chaired by Governor Lee Cheol-woo, former Minister of Industry Lee Hee-beom, former Director of the Office for Government Policy Coordination Koo Yoon-chul, and former Woori Bank President Lee Soon-woo.
Additionally, the committee consists of a total of 33 members, including 27 appointed members (including the co-chairs) from former executives of major corporations such as Samsung, LG, and POSCO, CEOs, financial experts, journalists, professors, and related organizations, as well as ex officio members.
On the day, Hwang Jung-ha, Director of Gyeongbuk Province’s Investment Attraction Office, presented the promotion strategy to achieve 100 trillion won in investment attraction, outlining plans to ▲ maximize investment ripple effects through attracting anchor large corporations ▲ establish regional value chains by attracting strong small and medium vendor companies ▲ develop and provide industrial complexes ready for rapid investment with the nation’s highest level incentives ▲ actively promote the early construction of the Daegu-Gyeongbuk Integrated New Airport and the formation of a 5 million metropolitan economic zone in Daegu and Gyeongbuk.
During the subsequent open discussion, the committee members stated, “We are at a critical time when the new government emphasizes corporate growth policies focused on non-capital region investments and regulatory innovation,” and added, “As the top 10 major corporations have announced investment plans exceeding 1,000 trillion won, we will fulfill our roles as committee members to create an attractive investment environment in Gyeongbuk and attract promising companies.”
Co-chairs Lee Hee-beom, Koo Yoon-chul, and Lee Soon-woo expressed, “We feel a heavy responsibility in taking on the chairmanship of the Investment Attraction Special Committee, which Gyeongbuk Province has launched with a determination to attract companies,” and said, “Let us unite our efforts at the committee level to create an environment where the province and investing companies can coexist and embark on a meaningful journey together.”
Governor Lee Cheol-woo emphasized, “Launching the committee before the start of the 8th term reflects the urgency to respond as attracting companies is directly linked to youth jobs and the local economy,” and added, “Let us share the will to achieve the bold goal of 100 trillion won in corporate investment attraction, lead the new government’s policy direction emphasizing the local era, transform the region into a land of opportunity, and create a new Korea powered by Gyeongbuk.”
The Gyeongsangbuk-do Investment Attraction Special Committee was first formed four years ago at the start of the 7th term as an advisory body for investment attraction and promising company discovery, playing roles in corporate networking and consultation.
This time, the committee notably appointed co-chairs with extensive industry knowledge and government administration experience, and strengthened appointments centered on corporate experts such as CEOs and former executives of large corporations to establish customized investment attraction strategies.
Going forward, they will play a pivotal role in achieving 100 trillion won in investment attraction through advisory activities, on-site corporate visits, and networking with businesspeople.
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