"Let's Make Gyeongnam a Great Place for Business" ... Investment Attraction Advisory Committee Members Put Their Heads Together

Second Meeting Held, Formation of Three Subcommittees

The 2nd meeting of the Gyeongsangnam-do Investment Attraction Advisory Committee was held.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The 2nd meeting of the Gyeongsangnam-do Investment Attraction Advisory Committee was held on the 4th.

Gyeongnam Province announced that the meeting was held at the provincial government conference room to strengthen investment attraction within the province.

The Investment Attraction Advisory Committee was established directly under the governor in August to play a pivotal role in the successful attraction of investment in the province.

Seventeen members participated, including Chairman Lee Jaesul, former chairman of Deloitte Anjin Accounting Corporation, as well as current and former executives of major companies such as SK, Lotte, GS Construction, LG Electronics, CJ, Doosan Enerbility, POSCO, BNK, IBK, and financial experts.

On this day, the advisory committee members received reports from Kwon Changho, head of the Investment Attraction Team, on the committee’s activities and the revised investment incentive plans announced at the investment attraction briefing session.

Subsequently, the Gyeongnam Research Institute gave a presentation on “Investment Directions for the Gyeongnam Economy through Industrial Competitiveness Diagnosis,” and Gyeongnam Technopark presented on “Gyeongnam Future Growth Promotion Plan and Major Company Investment Promotion Plan.”

Three subcommittees were formed focusing on future growth industries, key industries, and tourism·MICE·policy·trends, and discussions on the committee’s operational methods were also held.

Choi Doohwan, former CEO of POSCO ICT, was elected chairman of the Future Growth Industry Subcommittee; Roh Hwanyong, former president of LG Electronics, was elected chairman of the Key Industry Subcommittee; and Hwang Gakgyu, advisor to Lotte Holdings, was elected chairman of the Tourism·MICE·Policy·Trends Subcommittee.

Each subcommittee plans to actively continue activities such as visiting potential investment companies, advising on attraction strategies and policies based on corporate investment information, discussing incentives and regulatory relief, and investment attraction activities.

Immediately after the meeting, the members visited Jinhae New Port, a national project site, where they received explanations about the new port and the development of the logistics hinterland complex, toured the site, and discussed its role and importance as a logistics hub.

On this day, Chairman Lee Jaesul said, “We need to think about how to strengthen Gyeongnam’s strengths and gradually overcome its shortcomings step by step.”

Advisory member Ahn Byungsoo emphasized, “It is a desirable direction as the government’s core strategic projects such as those of the Ministry of Economy and Finance and the Ministry of Trade, Industry and Energy align with Gyeongnam’s future strategic industries such as bio and health industries,” adding, “It is important to resolve institutional hurdles through special zones.”

Governor Park Wansu said, “Despite rising interest rates and difficult domestic and international environments, thanks to the help of the advisory committee members, the number of companies investing in Gyeongnam is expected to increase,” and added, “Gyeongnam will do its best to create a business-friendly environment by fostering and supplying manpower and providing sites, and to achieve tangible results.”

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