Lee Hee-beom, Chairman of Booyoung Group, "I will support corporate investment in Gyeongbuk"... Gyeongbuk Investment Attraction Special Committee Held

On the 19th, Gyeongbuk Province held the 2024 Gyeongbuk Province Investment Attraction Special Committee meeting at the conference room of the Korea Council of Governors in Jongno-gu, Seoul, hosting special committee members from the Seoul metropolitan area.

The 8th term Investment Attraction Special Committee is co-chaired by Lee Cheol-woo, Governor of Gyeongbuk Province; Lee Hee-beom, Chairman of Booyoung Group; Koo Yoon-chul, former Director of the Office for Government Policy Coordination; and Lee Soon-woo, former President of Woori Bank, with the goal of achieving 100 trillion KRW in investment attraction.

Members of the Gyeongbuk Investment Attraction Special Committee are gathered in one place for a commemorative photo.

The committee consists of a total of 36 members, including 30 appointed members such as former executives of major corporations like Samsung, LG, and POSCO, CEOs, financial experts, journalists, professors, and related organizations, as well as ex officio members.

This Investment Attraction Special Committee was convened to mark the new year of 2024, aiming to explain the progress of key investment projects promoted by Gyeongbuk Province and to seek solutions by listening to the opinions of special committee members active in professional fields regarding regulations and difficulties that may arise during project implementation.

During the meeting, discussions were held on projects currently of interest and underway in Gyeongbuk Province, including revitalization plans for the Gyeongbuk Provincial Government New Town, attracting private company investments to the wildfire-affected areas in Uljin, activation plans for offshore wind power, revitalization plans for the Pohang Yeongilman New Port, and attracting vertical plant factories.

Gyeongbuk Province has set the following as its core policies for 2024: ① Overcoming low birth rates and ② Private sector-led regional development strategies, and is deriving and implementing various ideas to address these issues.

The second policy, ‘Private Sector-led Regional Development Strategy,’ is a public-private joint strategy aimed at revitalizing local investment by private companies and capital to create jobs and usher in a true local era. This task emphasizes the advisory role of the Investment Attraction Special Committee by utilizing their diverse human networks and expertise.

Lee Hee-beom, Chairman of Booyoung Group (former Minister of Industry), stated, “I understand that last year was a year of many achievements for Gyeongbuk Province, including the designation of Gumi as a semiconductor and defense industry special zone and Pohang as an advanced strategic battery industry special zone. This year, I will contribute as a member of the Investment Attraction Special Committee to ensure that investments by related industry companies can establish a solid foundation for the successful settlement of the designated specialized complexes.”

Lee Dal-hee, Deputy Governor for Economy of Gyeongbuk Province, said, “Last year, Gyeongbuk Province achieved a record high performance of 14.2 trillion KRW. This achievement was possible thanks to the help of private sector expert committee members. In 2024, we plan to work even harder by creating competitive industrial complexes and implementing groundbreaking incentives and pro-business policies to enable companies to make large-scale investments. We hope that the Investment Attraction Special Committee members will share their insights from their private sector expertise, which will greatly help in resolving difficulties arising during the investment attraction project implementation process.”

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