Jeonbuk Horse Industry Special Zone, 'Ranked 2nd Nationwide in Operational Evaluation'

Jeonbuk Province Secures 600 Million Won in National Budget for Financial Incentives

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] Jeonbuk Province ranked 2nd overall in the Ministry of Agriculture, Food and Rural Affairs' '2021 National Horse Industry Special Zone Operation Evaluation.'

According to Jeonbuk Province on the 4th, the evaluation was conducted on four categories: conformity to the horse industry special zone promotion plan, excellence of project implementation, appropriateness of budget execution, and effectiveness of special zone development. The province received high marks for the excellence of the project and the development effect (potential).

Accordingly, it secured 600 million KRW in national financial incentives.

The horse industry special zone is a specialized area equipped with infrastructure necessary for horse production, breeding, training, distribution, and utilization, aimed at fostering and developing the horse industry. Jeonbuk was designated as the 4th special zone in July 2018 by linking five cities/counties (Iksan, Gimje, Wanju, Jinan, Jangsu).

Jeonbuk Province, as a latecomer to the special zones following Jeju (1st), Gyeongbuk (2nd), and Gyeonggi (3rd), is currently in the stage of building infrastructure facilities but is accelerating project implementation with the goal of facility operation in 2022 (completed in 2021).

Shin Won-sik, Director of the Agriculture, Livestock and Food Bureau of Jeonbuk Province, said, "We plan to carefully review and establish detailed plans to effectively utilize the secured incentive budget according to regional characteristics," adding, "Furthermore, we will actively strive to make the horse industry a new growth engine within the region."

Jeonju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

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