Jinju City Council Launches 'Corporate Investment Attraction Activation Study Group'

Research on Establishing a Virtuous Cycle Economy through Startup and Investment Ecosystems, Industry-Academia-Research-Government Networks Begins in Earnest

The research group of Jinju City Council in Gyeongnam, ‘Research Association for Revitalizing Corporate Investment Attraction,’ held its launching ceremony on the 19th and officially began research activities aimed at envisioning a future Jinju abundant with future industries through investment and startups.

The Research Association for Revitalizing Corporate Investment Attraction plans to study various ways to create a virtuous cycle regional economic ecosystem for the sustainable development of Jinju City.

The research period is nine months, from March 19 to November 30. During this period, the association will focus on discovering institutional and policy tasks that can help activate local venture startups and corporate investment, based on attracting and establishing local startup accelerators (AC) and venture capital companies (VC), and building industry-academia-research-government networks.

Group photo of Jinju City Council's 'Corporate Investment Attraction Activation Research Group' inauguration ceremony.

There is a high level of interest within the Jinju City Council regarding this research group’s activities. The members of the research group include 16 city councilors: Choi Se-yong, Lim Ki-hyang, Hwang Jin-seon, Kang Jin-cheol, Seo Jeong-in, Baek Seung-heung, Kim Hyeong-seok, Jeong Yong-hak, Park Jae-sik, Oh Kyung-hoon, Choi Min-guk, Jeon Jong-hyun, Choi Ho-yeon, and Shin Seo-kyung. The secretary is Councilor Choi Ji-won, and the chairperson is Councilor Yoon Seong-gwan.

Councilor Yoon Seong-gwan said, “For local companies in sectors such as space, aviation, defense, and bio, which must secure future competitiveness, Jinju City needs to secure a significant advantage by being favorable for startups and investment to ensure continuous growth.” He added, “We believe that a local AC/VC ecosystem must be established, and the Jinju City Council has united to prepare policies to accelerate this.”

He continued, “The research group will actively participate in various events of Gyeongsang National University, a startup-centered university, and introduce excellent companies, which can be called hidden gems of Jinju’s innovation institutions, nationwide.” He expressed his ambition to play a key role in the practical functioning of the industry-academia-research-government network.

He also emphasized that the ultimate goal of the research group’s activities is to “lay the foundation to produce unicorn companies worth 1 trillion dollars.”

Going forward, the research group plans to promote ▲special lectures and education on revitalizing corporate investment attraction ▲industry-academia-research-government network activities through close consultation with startup-centered universities ▲visits and benchmarking of excellent startup incubation centers such as Seoul Startup Hub and Pangyo Techno Valley, as well as public institutions targeted for the second relocation. The results and achievements of the research group’s activities will be reported at the plenary session of the 2nd regular meeting of the Jinju City Council in December this year.

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