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Jeollabuk-do to host Int's financial center and dater center worth KRW 1tn

According to Yonhap News,

Jeollabuk-do government signed an MOU with 15 related organizations to "establish a digital innovation ecosystem and develop the Jeollabuk-do International Financial Center" at the provincial government office on November 20.

The organizations participated in the agreement include the Ministry of Trade, Industry and Energy (MOTIE), Jeonju-si, Kakao Enterprise, ATTO Rsearch, Pine and Partners Asset Management, Jeonbuk Credit Guarantee Foundation, National Pension Service, Kunsan National University, Jeonbuk National University, Jeonbuk National University Hospital, Jeonju National University of Education, Korea National Spatial Data Infrastructure Portal, Korea National Food Cluster, and Korea Electrical Safety Corporation.

Under the agreement, Pine and Partners Asset Management and others plan to create a Jeonbuk International Financial Center, a digital innovation center to support the establishment of IT enterprises, a data center, and a four-star hotel and convention center in Jeonbuk Innovation City and Jeonju Carbon Industrial Complex by 2027 and create 230 jobs.

Kakao Enterprise has decided to actively support the transformation of Jeonbuk Public into Cloud Native, the introduction of cloud by small and medium-sized startups in the province, and the fostering of local talent.

The public cloud data center, which will be built in an eco-friendly urban style, will be capable of accommodating about 100,000 servers with 40MW, by applying cutting-edge technology.

The digital innovation center, which will be located in the Jeonbuk International Financial Center, has been planned to foster professionals in such as fields as artificial intelligence, big data, cloud, and data convergence and develop local companies.

Governor of Jeollabuk-do said, "the establishment of a digital innovation center along with the first cloud data center in Jeollabuk-do is expected to attract high-tech IT companies and create decent jobs."

Jeonju Mayor said, "We will spare no effort in providing administrative and industrial support to build the financial town and data center as soon as possible."

Source Text

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Source: Yonhap News (Nov. 20, 2023)

** This article was translated from Korean.