Uijeongbu City Establishes 10 Billion Won "Future Industry Development Fund"… Transforming into a High-Tech Industrial City

Uijeongbu City in Gyeonggi Province (Mayor Kim Donggeun) held the "2026 1st Uijeongbu City Small and Medium Business Development Fund (hereinafter referred to as the Fund) Deliberation Committee (hereinafter referred to as the Committee)" at the Jikgok Hall of City Hall on January 6.

Mayor Kim Donggeun is taking a commemorative photo with attendees of the "2026 1st Uijeongbu City Small and Medium Business Development Fund Deliberation Committee" on the 6th. Provided by Uijeongbu City

The Committee was newly established based on the "Ordinance on the Establishment and Operation of the Uijeongbu City Small and Medium Business Development Fund," enacted in September 2024. The Fund is a policy fund designed to foster small and venture businesses, which are the growth engines of Uijeongbu City, through ▲ loan support for small and medium-sized enterprises, ▲ interest subsidies for low-interest loans from financial institutions, ▲ support for knowledge industry centers and venture business complexes, and ▲ investments and contributions to venture investment associations and venture investment mother funds.

The Committee consists of two ex officio members, including the Director of the Economic and Job Creation Bureau of Uijeongbu City, and seven appointed members, including ▲ city council members, ▲ university faculty within the city, ▲ startup CEOs, and ▲ executives from organizations related to small and medium-sized enterprises, thereby strengthening expertise and fairness in fund management.

The Committee meeting on this day proceeded in the following order: presentation of appointment letters, election of the vice chairperson, and deliberation on the 2026 Small and Medium Business Development Fund operation plan (draft).

The city plans to utilize this Fund not merely as a means of financial support, but as a core tool of Uijeongbu City's industrial policy, operating it as an industrial finance platform that attracts private investment and national policy funds. In particular, to transform into a self-sustaining industrial city where venture businesses and high-tech industries are concentrated, the city plans to shift away from a focus on fiscal expenditure and strengthen its role as a strategic "investor."

The first step in establishing the Fund is the creation of the "Uijeongbu City Future Industry Development Fund," a 10 billion won fund that will invest in innovative companies in high-tech sectors such as AI, media·content, and bio.

This fund will be comprised of 1 billion won from the city, 6 billion won from the mother fund, and 3 billion won in private capital. The 2026 Fund, approved at the Committee meeting on this day, will be used as investment capital for this fund.

An official from Uijeongbu City stated, "This Deliberation Committee is an important occasion to establish the standards and strategies to make the Small and Medium Business Development Fund a strategic resource for selectively nurturing Uijeongbu's future," adding, "Through the Fund, we aim to create a growth trajectory where companies gather, technology accumulates, and the city transforms into a place overflowing with youth and talent."