South Gyeongsang Province has a massive consumer market of 15 million people with its advantage of being adjacent to the Southeastern industrial cluster, Busan Metropolitan City, Gwangyang-Jinju metropolitan area and Daegu-Pohang metropolitan area. Also, the province is well-known for its largest industrial complex for transportation equipment and cutting-edge defense industry with the well-established R&D infrastructure including national research institutes, universities and corporate research institutes.