Opening of 'Gyeongnam Investment Agency' to Achieve 10 Trillion Won in Investment Attraction

Governor Park Wansu Expects Vanguard Role to Attract Companies and Investments

The first pledge of the 8th term of Park Wansu's Gyeongnam provincial government, the 'Gyeongnam Investment Agency,' officially opened on the 5th.

According to Gyeongnam Province, the opening ceremony held at the Jinju Innovation Center's main conference room was attended by Governor Park Wansu, Gyeongnam Provincial Council Chairman Kim Jinbu, Jinju Mayor Jo Gyuil, Tongyeong Mayor Cheon Younggi, Sacheon Mayor Park Dongsik, Namhae County Governor Jang Chungnam, Sancheong County Governor Lee Seunghwa, and Hamyang County Governor Jin Byeongyeong.

More than 100 key figures, including Lee Sangyeon, Chairman of the Gyeongnam Employers Federation, and Kang Jeonghyun, CEO of Arasoft, gathered to celebrate the opening of the Gyeongnam Investment Agency.

Attendees are cheering for the future operation of the Investment Agency at the opening ceremony of the Gyeongnam Investment Agency.
[Photo by Gyeongnam Provincial Government]

The Gyeongnam Investment Agency is the first specialized investment attraction institution among metropolitan local governments nationwide, consisting of 12 private investment attraction experts divided into three teams: the Investment Operations Team, Domestic Attraction Team, and Overseas Attraction Team.

It was promoted by adding investment attraction functions to the Gyeongsangnam-do Economic Promotion Agency, a provincial public institution, and reorganizing its name and functions to the Gyeongsangnam-do Investment and Economic Promotion Agency with the launch of the 8th term provincial government in July last year.

The agency focuses on field-centered investment attraction activities such as corporate investment consultations, small-scale in-house briefings, and forming networks of potential investment companies, providing one-stop services for corporate investment.

It concentrates on attracting companies in specialized industries such as aerospace and tourism, as well as relatively weak overseas corporate investment attraction, and also addresses inconveniences and complaints from local companies.

Park Wan-su, Governor of Gyeongnam Province (center), is delivering a greeting at the opening ceremony of the Gyeongnam Investment Agency.
[Photo by Gyeongnam Provincial Government]

Governor Park said, "If the Investment Agency begins full-scale activities, it will serve as a vanguard role in attracting many companies and investments to Gyeongnam," adding, "Along with the selection of the Green Startup Town, the Investment Agency will work with a sense of mission to ensure that investment attraction and startups actively occur, leading to the revitalization of local industries."

Kang Manggu, the new head of the Gyeongnam Investment Agency, stated, "The Gyeongnam Investment Agency will become a one-stop dedicated institution for investment attraction that changes the future of Gyeongnam, restoring the prestige of Ungdo Gyeongnam, and aims to achieve 10 trillion won in investment attraction by 2030 in both domestic and overseas attraction sectors."