Andong International Mask Dance Festival

Attracting Foreign Investments

The province is creating a business-friendly environment and is attracting companies from home and abroad to renew the economic vitality in the local areas therein.

Activity Investment Attraction

  • Gyeongsangbuk-do is establishing the Division of Investment Attraction, with three sections, to recruit and hire outside specialists and to reorganize laws and regulations.
  • The area is engaging in strategic investments to attract activities such as target company research and trade mission dispatches.
  • The province is offering customized one-stop-service support and various incentives to new investors.

Project Developments to Attract Investors

  • Enlargement of the Foreign Investment Zones
  • Enlargement of the Business Attraction Zones
  • Carrying out of activities to foster local development strategies in the fields of SOC, environment, and tourism so as to attract investors

Foreign Investment Activity Record

Foreign Investment Activity Record
  00 01 02 03 04 06 07 08 09 10
Amount 805 474 46 53 357 257 2,785 6,086 1,766 3,753
Companies 35(22) 25(23) 24(20) 27(21) 26(21) 2 38 49 42 42

(Unit: million dollars)