The Gyeongju Gangdong Hydrogen Fuel Cell Power Plant project has been selected as the 4th project of the Regional Revitalization Investment Fund in South Korea. This initiative aims to promote large-scale, sustainable projects tailored to regional needs, with a focus on leveraging private sector capabilities and capital. With a total budget of 771.6 billion won, the objective is to construct and operate Korea's largest hydrogen fuel cell power plant with a capacity of 107.9 MW. The anticipated benefits of the project include providing stable electricity to power-deficient industrial complexes, creating approximately 1,200 new jobs during the construction phase, and yielding corporate tax revenues worth 73.3 billion won. Additionally, the project aims to attract investment in related industries such as data centers and smart farms. Construction of the power plant is scheduled to begin in March 2025, with completion and operation slated for March 2028. This timeline aligns with the broader goals of promoting regional revitalization and economic growth in Gyeongju. The Regional Revitalization Investment Fund, which was established with a 300 billion won parent fund, aims to enable local and private sectors to undertake regional revitalization projects worth 3 trillion won. The fund's formation involved securing investments from government finance, local extinction response fund, and the Korea Development Bank (KDB). Through this initiative, the Korean government seeks to actively support local governments in revitalizing regional economies and unlocking economic potential.