Cheongdo-gun Rated 'Best' in Gyeongbuk Province's 'Regional Development Projects' Evaluation... Goryeong and Seongju-gun Rated 'Excellent'

Evaluation of Private Capital Investment Attraction Performance and Infrastructure Project Promotion

Cheongdo-gun receiving an award after being selected as the best institution in the '2020 Regional Development Project Performance Evaluation' by Gyeongbuk Province.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Gyeongbuk Province announced on the 22nd that Cheongdo-gun was selected as the best institution and Goryeong-gun and Seongju-gun as excellent institutions in the '2020 Regional Development Project Performance Evaluation.'

The selected excellent institutions will receive institutional awards along with prize money. Seven public officials who have made significant contributions to the promotion of regional development projects were also commended.

Gyeongbuk Province conducted a comprehensive evaluation of 76 regional development project districts (89.8 billion KRW) aimed at balanced development of underdeveloped areas, based on six indicators: project implementation performance, attraction of private capital investment, job creation, execution of national and provincial funds, and city/county investment performance.

Cheongdo-gun, selected as the best institution, received high scores in various fields such as the implementation rate compared to the total projects reflected in the regional development plan, job creation, and excellent policies.

In particular, the Sindori Smart Town pilot project, selected as an excellent policy, applied smart technology to agriculture in line with the 4th Industrial Revolution era to overcome the local extinction crisis. It was found that the facility operation revenue increased by more than 10% annually (1 billion KRW in 2019 → 1.1 billion KRW in 2020).

Goryeong-gun, selected as an excellent institution, received high scores in overall project implementation rate, execution of national and provincial funds, and attraction of private capital investment. The 'Wolseong General Industrial Complex Development' and three other projects achieved a private investment realization rate of 55% (150 billion KRW) compared to the plan as of 2020.

Seongju-gun was selected as an excellent institution for its performance in executing regional development projects, efforts to attract private capital, and job creation. It made significant efforts to attract private capital, including signing a business agreement for golf course development, and was recognized for creating 122 jobs through regional development projects in 2020.

Byungsoo Bae, Director of the Construction and Urban Bureau of Gyeongbuk Province, stated, "For regional development projects to become the source of growth power in underdeveloped areas, it is necessary to establish differentiated project strategies by region, build infrastructure suitable for attracting private capital, and focus on administrative cooperation with related organizations." He added, "We will strive to lead regional economic growth through discovering differentiated projects and attracting private capital."

This content was produced with the assistance of AI translation services.