DAEJEON < invest Korea

According to Yonhap News,

(DAEJEON=Yonhap News) Daejeon city declared its will to foster the content industry with presenting a mid and long-term development plan to that end.

On May 9, the city held "Daejeon Content Industry Vision Declaration and Biz Forum" attended by about 1,000 participants from content companies at the city hall's auditorium.

According to the vision, it focuses on proceeding with 42 projects in 7 core strategic sectors, with a goal to achieve 4,023 content companies, KRW 1.712 trillion in revenues, and 15,188 job creation by 2023.

As of last year, there were 3,472 content companies with revenues of KRW 1.341 trillion and 10,742 jobs.

In other words, it aims to create 551 more companies, KRW 370.6 billion revenues, and 4,446 jobs over the next five years.

The city government signed MOU with Korea Technology Finance Corporation (KIBO), Daejeon Credit Guarantee Foundation to foster content companies through financial support.

They agreed to cooperate in establishing KIBO's Cultural Content Financial Center in Daejeon and financing for local content companies.

Daejeon mayor said, "We will put all of our administrative capabilities to raise the competitiveness of the local content industry and grow into value-added new industry, contributing to job creation and revitalization of regional economy."


cobra@yna.co.kr

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Source Text

** This article was translated from Korean.

Source: Yonhap News (May 9, 2019)