JEOLLABUK-DO < invest Korea

According to Yonhap News,

(GIMJE = Yonhap News) Gimje, Jeollabuk-do, set up investment attraction strategies to attract 100 companies in its Gimje Horizon General Industrial Complex. According to the city’s announcement on January 16, the construction work of the industrial complex is expected to be completed in March, and it will provide various incentives to attract 10 core companies and reach 70 percent of sales of its industrial lands.

The city invested a total of KRW 347.6 billion to establish the 2,930,000m2 complex, which includes free trade zone, Bburi industrial complex and agricultural machine complex.

About 50 percent of its industrial land is sold as five companies and an agricultural center already decided to move in the complex.

Gimje plans to sell the rest of its land in two years and decided to provide various incentives including subsidy of 20 percent of land price and financial support for small and medium-sized enterprises.

The complex, which was designated as a special support zone for local small and medium-sized enterprises, will promote its various benefits as a special support zone such various tax benefits and other supports.

The mayor of Gimje said the city will take this opportunity to vitalize the local economy and attract both domestic and international companies to the city.

doin100@yna.co.kr

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Source Text

Source: Yonhap News (Jan. 16, 2014)

** This article was translated from the Korean.