Gwangju Bank and Jeonnam Development Corporation Join Hands to Revitalize International Motor Racing Circuit

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju Bank and Jeonnam Development Corporation have joined hands to revitalize the International Automobile Racing Circuit.

Gwangju Bank (President Song Jongwook) announced on the 27th that it signed a business agreement with Jeonnam Development Corporation (President Kim Cheolsin).

According to the agreement, Gwangju Bank will sponsor 30 million KRW for the development of the International Automobile Racing Circuit.

In addition, Jeonnam Development Corporation and Gwangju Bank agreed to cooperate in various ways for mutual linkage and development to expand the domestic motorsports base, revitalize the racing circuit, and promote regional development.

Kim Cheolsin, President of Jeonnam Development Corporation, said, “We will devote ourselves to playing a leading role in regional development through continuous expansion of the motorsports base and revitalization of the International Automobile Racing Circuit.”

Song Jongwook, President of Gwangju Bank, said, “We expect the International Automobile Racing Circuit to play a significant role in the development of domestic motorsports and the automobile industry, and hope it will develop into a cultural space loved by many people as a public sports facility for local residents.” He added, “As the representative bank of Jeonnam and Gwangju, we will take an interest in various fields such as the economy, society, and culture of the region, practice ESG management philosophy, and do our best to fulfill corporate social responsibility.”

Meanwhile, Gwangju Bank and Jeonnam Development Corporation also signed a business agreement in April last year for the ‘Safe Driving Experience Program’ to spread traffic safety culture, with Gwangju Bank donating 30 million KRW, continuing their interest in regional community development.

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