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More opportunities, a better investment environment- 2025-05-26 Gyeongsangbuk-do Signs MOU with KOTRA for APEC Summit Succes Gyeongsangbuk-do Signs MOU with KOTRA for APEC Summit Success - Establishing a strategic partnership to expand global trade and investment and revitalize the local economy - Gyeongsangbuk-do Province (Governor Lee Cheol-woo) and the Korea Trade-Investment Promotion Agency (KOTRA, President Kang Kyung-sung) signed a memorandum of erstanding (MOU) on May 23, 2025 (Friday), at the Sarim Room (Room 309) of the Gyeongsangbuk-do Provincial Office. This agreement includes comprehensive cooperation plans for the successful hosting of the 2025 Asia-Pacific Economic Cooperation (APEC) Summit, as well as for the economic revitalization of Gyeongsangbuk-do, including overseas expansion of local companies, investment attraction, and youth employment expansion. Through this agreement, the two organizations agreed to ly collaborate in the following areas: share global trade and investment trends and related ination; support overseas expansion of Gyeongsangbuk-do’s small and medium-sized enterprises (SMEs) and middle-standing enterprises; attract foreign investment and reshoring companies; support domestic and international employment and entrepreneurship for young people and collaborate on job creation efforts; promote mutual staff exchanges and revitalize the local economy; and enhance global and cultural exchanges. In particular, KOTRA plans to actively utilize its global network of 131 overseas offices in 85 countries to operate various partnership programs, enabling Gyeongsangbuk-do–d companies to connect with the global market and achieve tangible results. Along with this, during the APEC Summit, Gyeongsangbuk-do and KOTRA are jointly preparing a series of economic cooperation events, including the Korea-APEC Business Partnership trade consultation, the Gyeongsangbuk-do Investment Forum for APEC Member States, and the Export Fair. These events aim to help participating companies in the province promote their products and services in the global market and create new opportunities with international partners. Furthermore, through this MOU, Gyeongsangbuk-do and KOTRA have pledged to cooperate on trade and investment within the province. They plan to continue personnel exchanges between organizations and strengthen efforts to revitalize the local economy. To this end, both organizations will exchange ination on trade and investment trends and related policies while jointly carrying out initiatives to attract foreign investment, thereby helping Gyeongsangbuk-do Province to leap forward as a global economic hub. Governor Lee Cheol-woo stated, “This year is even more significant as the APEC Summit is being held in Gyeongju.” He emphasized, “This opportunity will serve as a stepping stone for SMEs and middle-standing enterprises in Gyeongsangbuk-do to expand their presence in the global market,” adding, “Together with KOTRA, we will strengthen the local economy by attracting leading global companies and creating quality jobs.” Meanwhile, Kang Kyung-sung, President of KOTRA, stated, “This agreement marks a shared commitment to the future of Gyeongsangbuk-do and KOTRA. This year, the 2025 APEC Summit in Gyeongju will serve as a plat that will brighten the path for economic cooperation in the Asia-Pacific region. KOTRA will also continue to strengthen its collaboration with Gyeongsangbuk-do to ensure the success of the 2025 APEC Summit, building on this agreement.” Notice
- 2025-05-13 Nara Cellar Co., Ltd. and the Kyungpook National University Alumni Association Donate Relief Fs for Wildfire Recovery On May 13, the Kyungpook National University (KNU) Alumni Association (hereinafter the “Alumni Association”) and Nara Cellar Co., Ltd. visited the Gyeongsangbuk-do Provincial Office to donate KRW 20 million to the Community Chest of Korea for wildfire recovery efforts. This donation aims to support victims who lost their homes because of the recent large-scale wildfire. Of the total amount, KRW 15 million was raised by the Alumni Association and KRW 5 million by Nara Cellar Co., Ltd. Among those in attendance at the ceremony were Ma Seung-cheol, President of the Alumni Association and CEO of Nara Cellar, and Lee Hae-il, Secretary-General of the Alumni Association. Nara Cellar Co., Ltd., headquartered in Icheon, Gyeonggi-do, is a specialized wine importer and distributor. Since its listing on the Korea Securities Dealers Automated Quotations (KOSDAQ) in June 2023, the company has been expanding its business areas. In particular, it plans to invest KRW 10 billion by the first half of 2026 to establish a new production facility for Andong Soju within the Gyeongbuk Bio Industrial Complex in Andong. President Ma Seung-cheol stated, “I hope for a swift recovery of daily life for those affected by the wildfire,” and added, “The Alumni Association will continue to make efforts to support neighbors in need through future outreach efforts.” Gyeongsangbuk-do Governor Lee Cheol-woo expressed his gratitude, saying, “I extend my heartfelt thanks to the Alumni Association and the Nara Cellar employees for their warm-hearted support despite the challenging circumstances,” and added, “The provincial government will do its utmost to ensure the affected residents can return to their daily lives as soon as possible.” Notice
- 2025-04-17 PNT Inc. in Gumi, Gyeongsangbuk-do, Donates KRW 100 Million for Forest Fire Recovery PNT (People and Technology Inc.), a leading company d in Gumi, Gyeongsangbuk-do, visited the Gyeongsangbuk-do Provincial Office to participate in the rapid recovery efforts and aid for those affected by the unprecedented, large-scale wildfires. On April 17, PNT (CEO Kim Joon-sup) donated KRW 100 million to the Community Chest of Korea, requesting that the fs be used to support victims who suddenly lost their loved ones and homes because of the fire. The donation ceremony was attended by Yang Geum-hee, Deputy Governor for Economic Affairs of Gyeongsangbuk-do; Shin Soon-woo, Director of PNT’s R&D Center; Ji Yeon, Head of Strategic Planning; and Son Byeong-il, Secretary-General of the Gyeongbuk Community Chest of Korea. The attendees shared their warm support for wildfire recovery efforts and expressed their sincere gratitude to PNT for its generous donation despite the difficult economic conditions. Established in 2003, PNT has been growing steadily as a specialist in roll-to-roll equipment and other special-purpose machinery. In particular, the company is investing KRW 107.7 billion by 2026 to build a new factory at the Gumi National Industrial Complex 5 (site area: 65,901 m2; total floor area: 20,599 m2) as it expands into the cathode active material and lithium iron phosphate (LFP) battery markets. Yang Geum-hee, Deputy Governor for Economic Affairs of Gyeongsangbuk-do, said, “We are deeply grateful to CEO Kim Joon-sup and all PNT employees for participating in the wildfire damage recovery efforts following their donation for the erprivileged communities last January. We will ensure that your generous support is used meaningfully to help the residents recover and heal as soon as possible.” Notice
