Gwangju Bank Donates Sponsorship Funds to Revitalize International Automobile Racing Circuit

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced on the 15th that it recently signed a business agreement with Jeonnam Development Corporation to revitalize the International Motor Racing Circuit.

Through this business agreement, Gwangju Bank sponsored 30 million KRW for the development of the International Motor Racing Circuit. As a public sports facility aimed at revitalizing the domestic motorsports industry, the International Motor Racing Circuit, which attracts an average of 100,000 visitors annually, will be further activated. Gwangju Bank and Jeonnam Development Corporation agreed to mutually cooperate to contribute to the development of the regional economy.

Jang Chung-mo, President of Jeonnam Development Corporation, said, “We will join forces with Gwangju Bank to continuously expand the base of motorsports and revitalize the International Motor Racing Circuit, playing a leading role in regional development.”

In response, Yeom Gyu-song, Vice President of Gwangju Bank, said, “We expect the International Motor Racing Circuit to play a significant role in the development of the domestic motorsports and automobile industries, and hope it will develop into a cultural space loved by many as a public sports facility for local residents.” He added, “As the representative bank of Jeonnam and Gwangju, we will take an active interest in various fields such as the economy, society, and culture of the region and do our best to fulfill corporate social responsibility.”

The International Motor Racing Circuit operated by Jeonnam Development Corporation is located in Yeongam, Jeonnam. It is not just a facility for automobile enthusiasts but has been developed into the largest motorsports theme park in Korea, consisting of an F1 block, permanent block, off-road track, kart racing track, as well as the Korea Automobile Research Institute, baseball stadium, and auto camping site. It is gaining attention as a new leisure and cultural space for local residents and tourists, as well as a diverse automobile complex cultural space.

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