Chungnam Province to Promote Settlement Villages for Retired Overseas Koreans

Chungnam Province is promoting the establishment of a village for retired overseas Koreans.

Chungnam Province announced on the 14th that Governor Kim Tae-heum, Hongseong County Mayor Lee Yong-rok, and Yesan County Mayor Choi Jae-gu, among others, signed a mutual cooperation agreement on the 13th (local time) at the Conrad LA Hotel with Kevin Baek, CEO of Redpoint Group USA, to pursue a regional revitalization convergence project (attracting overseas Koreans).

Redpoint Group is a company that provides residential and commercial real estate sales, purchases, rentals, business planning, sales, purchases, financing, and trusts. It employs 188 people and has annual sales of $186 million.

Under this agreement, the province, Hongseong and Yesan counties, and Redpoint Group will cooperate and support each other in discovering project sites and promoting regional revitalization to support the migration and settlement of overseas Koreans, attracting overseas Koreans and discovering and promoting joint projects, and sharing investment information to build infrastructure.

In addition, they will seek to create lifestyle complex cultural spaces linked to private facilities and local resources in the province, establish Chungnam-style senior towns differentiated from the metropolitan area, create villages in response to the influx of overseas Koreans and foreigners, carry out project initiatives linked to existing systems such as Opportunity Development Zones, and explore ways to connect with balanced regional development and revitalization projects within the province.

Furthermore, the province will cooperate in discovering collaborative programs such as establishing senior towns for overseas Koreans, developing, operating, and supporting community revitalization, and simplifying administrative procedures.

Hongseong and Yesan counties will develop project sites for attracting overseas Koreans and discover incentives to support them.

Redpoint Group will strive to discover cooperative and joint projects in the province, including attracting overseas Koreans.

In addition, Governor Kim appointed Kevin Baek, CEO; Paul Choi, President of the Korean American Leadership Council of Orange County; Kim Pyeongsun, President of the Korean American Chungcheong Association of America; and Kwon Yohan, President of the Eastern US Chungcheong Association, as honorary ambassadors for Chungnam.

Governor Kim said, "Just as 'fish prefer the water where they were born' and 'leaves return to their roots when they fall,' the longing for one's hometown is instinctive. Chungnam will actively promote various projects to warmly welcome overseas Koreans who return home after working hard in the United States."

He continued, "Chungnam is only an hour away from the metropolitan area, Naepo is a new city, Deoksan Hot Springs is nearby, and the sea is just 30 minutes away. It is the best place in Korea for retired overseas Koreans to live."

Governor Kim explained, "Chungnam is no longer the rural area that once brought to mind 'women weeding the soybean fields.' Chungnam is now the core of the Korean economy, ranking first in trade balance and achieving $100 billion in exports."

He added, "Chungnam Province warmly welcomes overseas Koreans who have overcome adversity and achieved the American Dream in the unfamiliar United States, and we promise to provide you with the best settlement infrastructure."

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