JEOLLABUK-DO < invest Korea

According to Newsis,

[SEJONG = NEWSIS] By Lim So-hyun = The National Food Cluster stepping up efforts to attract food and bio companies following its incorporation into the Jeonbuk Research and Development (R&D) Special Zone, securing dual incentives in the form of tax reductions and expanded participation in government-funded R&D programs. With the designation enabling the promotion of research institute spin-off companies and strengthened end-to-end support for technology commercialization, tenant companies are expected to further accelerate R&D investment and the commercialization of new technologies.

On the 5th, the Korea Institute for Food Industry Cluster (FOODPOLIS) welcomed the inclusion of the National Food Cluster’s research facility site in the expanded Jeonbuk R&D Special Zone, stating that it will make all-out efforts to support tenant companies and attract investment, and describing the move as a turning point for strengthening the competitiveness of the future food industry.

Key benefits of the R&D Special Zone designation include the promotion of research institute spin-off companies, tax incentives such as corporate tax reductions, expanded opportunities to participate in government R&D projects, and enhanced full-cycle support for technology commercialization. FOODPOLIS expects these measures to encourage R&D investment by companies ranging from early-stage startups to mid-sized firms, and to accelerate the commercialization of innovative, technology-based products.

Looking ahead, FOODPOLIS plans to actively pursue the development of convergent technologies that will lead the future food industry—such as functional foods and bio-based materials—through collaboration with related institutions within the Jeonbuk R&D Special Zone. It also plans to continue tailored corporate support and expand research and industrial infrastructure to foster the National Food Cluster into a leading food industry hub in Asia.

◎ NEWSIS, shlim@newsis.com



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Source Text

Source: Newsis (January 05, 2026)

** This article was translated from Korean.