Jeonnam Province and Affiliated Public Institutions Collaborate on Strategies for Provincial Development

Construction and Public Corporation Performance Reporting Meeting Held

Jeonnam Province and its affiliated public institutions gathered in one place to explore ways to develop provincial administration.

On the 14th, the province announced that it held the ‘2023 Public Corporations and Affiliated Institutions Performance Report Meeting’ at the Seo Jae-pil Room of the provincial office, attended by 19 affiliated public institutions including Jeonnam Development Corporation.

At this meeting, they sought ways to advance provincial administration and shared major achievements of the year, including the welfare improvement of residents.

Jeonnam Development Corporation was recognized for its achievements such as region-tailored land development and active promotion of renewable energy projects, winning the first-ever Presidential Citation since its establishment and achieving nine consecutive years of profitable management.

Jeonnam Technopark secured 14 public projects worth 176.2 billion KRW to foster future growth engines for Jeonnam, and the Green Energy Research Institute supported the establishment of R&D infrastructure for new energy industries in Yeosu Industrial Complex and the public-led offshore wind power project in Sinan.

The Bio Promotion Institute’s Biopharmaceutical Research Center was selected as a WHO Global Bio Campus in July, and it focused on building bioindustry infrastructure and ecosystem by signing investment agreements worth 32.5 billion KRW and overseas export contracts totaling 7.46 million USD.

Jeonnam Tourism Foundation actively promoted attracting overseas tourists, including 12 inbound charter flights and five international cruise arrivals at Muan International Airport. Jeonnam Cultural Foundation successfully hosted large-scale events such as the 2023 International Sumukh Biennale and the Yeongnam-Jeonnam Win-Win Cooperation Harmony Festival.

Amid domestic and international economic downturns, the Small and Medium Enterprise Job Economy Promotion Agency promptly supported 91.7 billion KRW in special funds for SMEs, the first nationwide, while the Credit Guarantee Foundation focused on supporting small business owners facing prolonged ‘triple high’ complex crises by providing guarantees to over 27,000 companies.

The Information and Culture Industry Promotion Agency expanded its business scope by securing seven new projects from central government ministries, including the Ministry of Land, Infrastructure and Transport’s Small and Medium Smart City Development Project, and the Youth Future Foundation led the declaration of the Youth Happiness Growth Support Innovation Zone and the successful hosting of the 2023 Youth Expo.

Kim Young-rok, Governor of Jeonnam Province, said, “Public institutions are cooperative partners who lead provincial administration together,” and expressed gratitude to the public corporations and affiliated institutions for their best efforts for residents’ happiness in their respective fields throughout the year.

He added, “The year 2024 is a time for Jeonnam Province to look toward a new 100 years of the future and soar toward the world,” and hoped that each institution would prepare new visions and strengthen global competitiveness.

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