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Attracting Foreign Investments

The province is creating a business-friendly environment and is attracting companies from home and abroad to renew the economic vitality in the local areas therein.

Activity Investment Attraction

  • Gyeongsangbuk-do is establishing the Division of Investment Attraction, with three sections, to recruit and hire outside specialists and to reorganize laws and regulations.
  • The area is engaging in strategic investments to attract activities such as target company research and trade mission dispatches.
  • The province is offering customized one-stop-service support and various incentives to new investors.

Project Developments to Attract Investors

  • Enlargement of the Foreign Investment Zones
  • Enlargement of the Business Attraction Zones
  • Carrying out of activities to foster local development strategies in the fields of SOC, environment, and tourism so as to attract investors

Foreign Investment Activity Record

(Unit: million dollars)

Foreign Investment Activity Record
  2015 2016 2017 2018 2019
Companies 45 46 48 35 38
Amount 1,279 224 448 139 116
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