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Jeonbuk to Provide up to KRW 5 billion to Invested Companies
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According to Yonhap News,

Jeonbuk will provide financial support of up to KRW 5 billion to companies that invest in Jeonbuk for job creation

Jeonbuk will provide companies in other provinces and cities, which invest over KRW 10 billion and employ more than 100 people, with employment and training subsidies.(KRW 500,000 per person, KRW 100,000 to 500,000 per person)

The province said that investment facilitation act revision passed a provincial assembly.

Under the revision, foreign companies that invest over KRW 100 billion will be provided with up to KRW 5 billion in subsidy.

An official said that Jeonbuk has a competitive edge in attracting new factories through the revision. The subsidy will attract more population to the province.

Source Text

Source: Yonhap News (Sept. 28, 2011)

**This is an English translation of a Korean news article.