GWANGJU < invest Korea

According to Yonhap News,

Gwangju-si announced on December 14th that it had been selected as the only excellent local government among metropolitan cities in the evaluation on investment attraction by local governments, conducted by the Ministry of Trade, Industry and Energy.

Gwangju-si will receive support by adding 5% to government's local investment promotion subsidy.

Gwangju-si has revitalized the local economy by achieving large-scale investments such as Sebang Lithium Battery, Gwangju Global Motors, and Coupang.

It improved business environment through tax reductions and deregulation by designating a free economic zone, and began construction of national AI clusters in High-Tech Zone 3 last month.

Gwangju-si has signed investment agreements with 177 companies over the past three years, inducing 84 companies to invest KRW 1.18 trillion and employ 4,784 people.

sangwon700@yna.co.kr

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Source: Yonhap News (December 14, 2021)