Gochang-gun Selected as an 'Excellent Institution' in Corporate Investment Attraction Evaluation for 3 Consecutive Years

Published 13 Dec.2021 10:40(KST)

[Gochang=Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Jeollabuk-do Gochang-gun (Governor Yu Gisang) announced on the 13th that it has been selected as an excellent institution for corporate investment attraction for three consecutive years in this year's evaluation conducted by Jeollabuk-do.

Jeollabuk-do evaluates 14 cities and counties annually based on 11 indicators across four categories: ▲corporate attraction performance ▲job creation ▲excellent cases, and selects outstanding institutions for investment attraction through verification by the Jeollabuk-do Investment Deliberation Committee.

Despite the prolonged investment stagnation caused by COVID-19, the county actively engaged in corporate attraction activities.

As a result, centered on the Gochang General Industrial Complex, where land rights were resolved during the 7th local government term, it attracted investments exceeding 400 billion KRW from 11 companies, and it is expected that about 2,400 new jobs will be created in the future.

Previously, the county proved itself as a city favorable for businesses by ranking first in Jeollabuk-do (5th nationwide) in the corporate satisfaction evaluation conducted by the Korea Chamber of Commerce and Industry last year.

In particular, the successive signing of investment agreements (MOUs) with food industry-related companies is expected to lead to increased income for Gochang-gun’s agricultural, fishery, and livestock farmers, which is evaluated as an important step toward establishing a growth engine for the local economy in the long term.

Jung Gilhwan, Director of the Win-Win Economy Division, said, “The fact that the county is the only one among the county-level units in the province to be selected as an excellent institution for three consecutive years is the result of active efforts to attract companies despite various difficulties. We will continue to do our best to create a virtuous cycle structure where large-scale investment attraction creates jobs and companies and local communities coexist.”