JEOLLABUK-DO < invest Korea

According to Yonhap News,

(JEONJU=Yonhap News) North Jeolla Province announced June 24 that more companies will invest in the province thanks to the revision of the ordinance on the corporate and investment promotion. The revised ordinance will provide subsidies when attracting carbon and ICT companies and U-turn companies.

The Jeollabuk-do Provincial Assembly passed the ordinance bill to provide subsidies up to KRW 5 billion to carbon and ICT companies and U-turn companies if they invest more than KRW 100 million in the province and hire more than 5 workers.

The province can promote the development of future industry by proactively attracting carbon and ICT companies that can create endless value added. The revised ordinance will accelerate on attracting jewelry u-turn companies to Iksan.

lc21@yna.co.kr

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