News & Event
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According to Yonhap News,
(JEONJU=Yonhap News) North Jeolla Province signed a land purchase agreement with the Korea Land & Housing Corporation on February 22 to establish a financial town at the Jeonbuk innovation city.
The financial town will be built on 36,000 ㎡ of land near the headquarters of the National Pension Service.
The province secured KRW 15.7 billion for land purchase after a series of evaluation and examination on the local financial investment and the plan to manage the common property.
"The Jeonbuk innovation city will become a global financial hub when the National Pension Fund Investment Office, which manages KRW 500 trillion of funds, and other financial firms move to the financial town," said a provincial official.
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Source: Yonhap News (Feb. 22, 2016)
** This article was translated from the Korean.