On the 29th, Gyeongbuk Province held the '2024 Gyeongsangbuk-do Investment Attraction Briefing' at The Plaza Hotel in Seoul, attended by over 130 participants including representatives from metropolitan area companies.
The briefing began with a hometown love donation ceremony by Lee Sang-jin, Vice Chairman of the KNU Honors Club (CEO of Innopolis Partners), a native of the region. Following this, Deputy Governor for Economic Affairs Yang Geum-hee expressed gratitude to companies that invested in Gyeongbuk, highlighting the province's consecutive three-year selection as an excellent local government for regional investment and the Prime Minister’s institutional commendation for contributions to domestic return.
Yang Geum-hee, Deputy Governor for Economic Affairs of Gyeongbuk Province, is giving a greeting at the 'Gyeongbuk Province Investment Attraction Briefing' held in Seoul.
In a lecture on successful investment cases in Gyeongbuk Province by Lee Joo-yeop, Executive Director of Woojin Industrial Electric, the reasons why a company based in Chungbuk invested in Gyeongbuk and the support process received were explained.
A representative from Woojin Industrial Electric emphasized, “We were able to make a significant investment decision thanks to Gyeongbuk Province’s provision of affordable investment sites, prompt administrative procedures, and generous subsidy support,” and conveyed to participants, “We highly recommend investing in Gyeongbuk Province, which spares no effort in corporate-friendly cooperation and support throughout the entire investment process.”
Following this, the introduction of Gyeongbuk’s investment environment announced the formation of clusters in various industries such as secondary batteries, semiconductors, automobile parts, and bio, emphasizing that the environment allows invested companies to cooperate and create synergy.
In particular, it was mentioned that the large-scale expansion of transportation infrastructure, including new air routes, railways, and roads due to the construction of the Daegu-Gyeongbuk Integrated New Airport scheduled to open in 2030, will contribute to the development of logistics, tourism, and service industries, attracting significant interest from attending businesspeople.
Yang Geum-hee, Deputy Governor for Economic Affairs of Gyeongbuk Province, stated, “Gyeongsangbuk-do is an attractive investment destination equipped with a cutting-edge ecosystem based on the 4th industrial revolution, including the largest designated area for Opportunity Development Zones nationwide and the Daegu-Gyeongbuk Integrated New Airport,” adding, “Through this briefing, we will present the future industrial vision of Gyeongsangbuk-do to businesspeople and do our best to pioneer the true era of local autonomy by attracting companies, a key task for national balanced development.”
Businesspeople attending the 'Gyeongbuk Province Investment Attraction Briefing' held in Seoul are gathered together for a commemorative photo.
Meanwhile, since the launch of the 8th local government administration, Gyeongbuk Province has achieved investment attraction performance exceeding 26 trillion won by November 2024. This is the result of attracting anchor companies and service industry firms on a large scale in sectors such as domestic and international secondary batteries, semiconductors, and automobile parts, proving that Gyeongbuk Province is a favorable environment for businesses.
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