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Cheongju-si attracted KRW 6.1 tln investments last year, exceeding its target
On February 20, Cheongju-si announced that it attracted investments worth KRW 6.1581 trillion in total last year.
This represents a 7.46% increase from the previous year and exceeds its target (KRW 5 trillion).
With this, the cumulative investment attracted under the 8th popularly elected administration reaches KRW 30 trillion.
Notable investment cases include SK hynix's expansion of the M15X DRAM production base (KRW 5 trillion), new investment by INNOX Advanced Materials (KRW 440 billion), and HD Hyundai Electric's investment (KRW 117.3 billion).
The city plans to attract new businesses by leveraging various specialized industrial zones, including the National Advanced Strategic Industry Specialized Zone, Materials, Parts, and Equipment Special Zones, and Global Innovation Special Zones.
To achieve this, the city will implement customized programs, such as increasing investment promotion subsidies and financial support, as well as simplifying administrative procedures.
A city official stated, "We will strengthen efforts to attract high-value-added advanced industries and provide tailored support for businesses, driving the sustainable growth of the regional economy."
kw@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.03.04
Views
48
According to Yonhap News,
On February 20, Cheongju-si announced that it attracted investments worth KRW 6.1581 trillion in total last year.
This represents a 7.46% increase from the previous year and exceeds its target (KRW 5 trillion).
With this, the cumulative investment attracted under the 8th popularly elected administration reaches KRW 30 trillion.
Notable investment cases include SK hynix's expansion of the M15X DRAM production base (KRW 5 trillion), new investment by INNOX Advanced Materials (KRW 440 billion), and HD Hyundai Electric's investment (KRW 117.3 billion).
The city plans to attract new businesses by leveraging various specialized industrial zones, including the National Advanced Strategic Industry Specialized Zone, Materials, Parts, and Equipment Special Zones, and Global Innovation Special Zones.
To achieve this, the city will implement customized programs, such as increasing investment promotion subsidies and financial support, as well as simplifying administrative procedures.
A city official stated, "We will strengthen efforts to attract high-value-added advanced industries and provide tailored support for businesses, driving the sustainable growth of the regional economy."
kw@yna.co.kr
Source Text
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Source: Yonhap News (February 20, 2025)
** This article was translated from Korean.