The finance ministry of South Korea has announced the selection of Gyeongju, a city in the southeastern part of the country, as the location for a significant project to build the largest hydrogen fuel cell power plant in Korea. This project, totaling 771.6 billion won (approximately US$552.8 million), marks the fourth initiative supported by a government-led fund aimed at bolstering less-developed regions. The plant, with a capacity of 107.9 megawatts, is projected to provide electricity for 270,000 households annually. Construction is scheduled to commence in March, with operations expected to begin by March 2028. By employing a new regional investment model that involves private sector resources, this initiative seeks to revitalize the economy of Gyeongju and the surrounding areas. The ministry anticipates that the plant will not only ensure a stable power supply for industrial complexes in nearby cities but also catalyze growth in associated industries, consequently boosting the local economy.