The Potential of Sancheong-gun, Gyeongnam ... 'Regional Economic Power Index' Rises by an Impressive 70 Ranks Over 10 Years

Life Leisure Space Index rises from 47th in 2018 to 2nd in 2020
...Comprehensive Regional Development Index climbs 30 ranks over the past decade

Sancheong County Office Signstone

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] According to the results of the '2020 Regional Development Index' released by the Korea Rural Economic Institute, the regional economic power index of Sancheong-gun, Gyeongnam, has risen more than 70 ranks over the past 10 years.

Sancheong-gun announced on the 26th, citing the '2020 Regional Development Index' report, that the ranking of the regional economic power index in 2020 increased by more than 70 ranks compared to 2010.

The Regional Development Index is an index constructed by the Korea Rural Economic Institute since 2008 every two years, using objective statistical data to measure the development level of 159 cities and counties (excluding districts of special and metropolitan cities) by area, and diagnosing and comparing regions.

This index conceptualizes each city and county by ▲Living space (Living Service Index) ▲Workplace (Regional Economic Power Index) ▲Rest space (Life Leisure Space Index) ▲Community space (Resident Vitality Index), assuming that the development level of each area affects the quality of life of residents.

The report explained that the reason for the rise in the ranking of Sancheong's regional economic power index is that although the absolute number of businesses is not large, the growth trend is remarkable, and the number of jobs relative to the population is relatively high.

Sancheong-gun also showed a significant rise in ranking in the Life Leisure Space Index. While Sancheong-gun was ranked 47th in the '2018 Regional Development Index' evaluation, it recorded 2nd place in the 2020 evaluation.

Lee Jae-geun, mayor of Sancheong-gun, said, "The steady rise in our county's regional development index is a result achieved together by local residents, administration, and related organizations," adding, "We will continue to strive so that good indicators can be produced not only in the regional economic power index and life leisure space index but also in the living service index and resident vitality index."

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