- More opportunities,
better investment environment - You can count on Gyeongsangbuk-do
for your company’s successful investment in the region.
GIPO Investment Districts
More opportunities, a better investment environmentGIPO Information
More opportunities, a better investment environment- Staffs More opportunities, a better investment environment Detail View
- Investment Supports More opportunities, a better investment environment Detail View
- Overview More opportunities, a better investment environment Detail View
- Grievance Consulting More opportunities, a better investment environment Detail View
GIPO News
More opportunities, a better investment environment- 2025-03-13 Gyeongsangbuk-do Province Holds Provincial and Municipal Investment Promotion Officials Workshop Gyeongsangbuk-do Province Holds Provincial and Municipal Investment Promotion Officials Workshop - Enhancing Investment Promotion Strategies, Sharing Key Issues, and Strengthening Networking Between Provinces and Municipalities Gyeongsangbuk-do Province (Governor Lee Cheol-woo) held the “2025 Gyeongsangbuk-do Investment Promotion Officials Workshop” on March 13, Thursday, at the Stanford Hotel Andong. The workshop was organized to establish tailored investment promotion strategies for Gyeongsangbuk-do, enhance the job competencies of investment promotion officials, and strengthen cooperation. A total of 80 participants, including the head of the Gyeongsangbuk-do ision of Investment Promotion and investment promotion directors from various cities and counties, attended the event and engaged in in-depth discussions on Gyeongsangbuk-do’s investment promotion strategies. Additionally, they had the opportunity to share insights on the latest industry trends, including “Local Investment by Semiconductor Manufacturers,” “Relocation Demand for IT and E-Commerce Businesses,” and “Trends in the Lithium-Ion Battery Market,” as well as marketing strategy ideas essential for investment promotion through expert lectures. During the event, Gyeongsangbuk-do Province emphasized the need for strong collaboration among cities and counties to revitalize investment within the province. The province also urged active cooperation to ensure the successful hosting of the APEC 2025 Korea in Gyeongju City. Lee Nam-eok, Director of the New Consolidated Airport Investment Office of Gyeongsangbuk-do, mentioned, “For the development of Gyeongsangbuk-do, a joint investment promotion strategy and organic cooperation between the provincial and municipal governments are essential.” He added, “We hope this workshop provides practical benefits to public officials in charge of investment promotion in Gyeongsangbuk-do,” and stated, “We will continue to establish a unified investment promotion system through ongoing communication with city and county governments, ensuring active investment in the region.” Notice
- 2025-02-11 Gyeongsangbuk-do has appointed Dr. In Hyok Cha, Distinguished Professor at the Gwangju Institute of Science and Technology, as the Special Advisor for Future Strategy to the Governor of Gyeongsangbuk-do Province, Republic of Korea Gyeongsangbuk-do has appointed Dr. In Hyok Cha, Distinguished Professor at the Gwangju Institute of Science and Technology, as the Special Advisor for Future Strategy to the Governor of Gyeongsangbuk-do Province, Republic of Korea Notice
- 2024-12-04 Gyeongsangbuk-do Saves KRW 10 Billion in Local Government Expenditures through Corporate Investment in 2024 - ed as Outstanding Local Government for Investment Attraction for Three Consecutive Years at the 2024 Local Investment Academy Event - Honored with Prime Minister’s Commendation on November 21 for Efforts in Attracting Reshoring Companies Gyeongsangbuk-do Province has announced its ion as an outstanding local government for investment attraction at the “2024 Local Investment Academy” event, held from December 5 to 6, hosted by the Ministry of Trade, Industry and Energy (MOTIE). This achievement ensures an increased national subsidy rate of 5% for three consecutive years, from 2023 to 2025. Particularly noteworthy is the 10% increased support rate granted to 11 cities and counties within the province classified as erdeveloped regions. *erdeveloped regions: Sangju, Mungyeong, Uiseong, Cheongsong, Yeongyang, Yeongdeok, Cheongdo, Seongju, Yecheon, Bonghwa, Ulleung The Local Investment Promotion Subsidy program aims to stimulate corporate investment in regional areas as part of the balanced national development initiative. It supports 4 to 15 percent of the investment costs for companies relocating from the capital area or establishing new or expanded facilities in regional areas. The MOTIE uates investment attraction efforts and post-investment management across 14 local governments outside the capital area and s those with outstanding achievements and efforts for investment attraction. Two provincial governments and one metropolitan city are recognized each year. *2024 Outstanding Local Governments: Gyeongsangbuk-do, Chungcheongnam-do, Gwangju Metropolitan City According to a Gyeongsangbuk-do official, the province has been ed as an outstanding local government since 2022, saving KRW 5.6 billion in local government expenditures to date (KRW 3.3 billion in 2023 and KRW 2.3 billion in 2024). The estimated savings for next year are approximately KRW 3 billion. * 2023–2024 Investments: 14 companies, KRW 818.7 billion in investments, 915 new jobs created, KRW 111.3 billion in subsidies provided (KRW 79.9 billion in national fs, KRW 31.4 billion in local fs) In addition, at the “2024 Reshoring Contribution Awards and Academy” held on November 21 by the MOTIE, Gyeongsangbuk-do was honored with the Prime Minister’s Commendation for its efforts to support the reshoring of overseas Korean companies. This achievement is expected to raise the national subsidy rate by 5% in 2025, leading to an estimated KRW 1.4 billion in local government savings. As a presenter of best practices for outstanding local governments in investment attraction, Lee Nam-auk, Director of the New Consolidated Airport Investment Office of Gyeongsangbuk-do, emphasized the province’s strengths, including “resolving corporate challenges, proactive efforts to attract local and international businesses, favorable site conditions for companies, and well-established logistics and transportation infrastructure.” He stated, “Despite challenging local and international economic conditions, Gyeongsangbuk-do will spare no effort in providing the necessary support from a corporate perspective to ensure that businesses can maintain their growth momentum.” Notice
