The Ministry of Economy and Finance in South Korea has announced the selection of the Gyeongju Gangdong Hydrogen Fuel Cell Power Plant project as part of the Regional Revitalization Investment Fund. With a total cost of 771.6 billion won, this project aims to establish the largest hydrogen fuel cell power plant in the nation, located in Gyeongju, North Gyeongsang Province. Construction is set to begin in March the following year and be completed by 2028, providing power to 270,000 households. This initiative is expected to alleviate power shortages in industrial complexes near Gyeongju, particularly benefiting areas like the Yeongilman General Industrial Complex and Blue Valley Industrial Complex in Pohang. Furthermore, the project is projected to create 1,200 jobs and generate 73.3 billion won in corporate tax revenue, fostering investment and economic growth in the region. The Regional Revitalization Investment Fund, which supports this hydrogen fuel cell power plant project, is a collaboration between the public and private sectors aimed at investing in large-scale projects by local governments. The fund, with a 300 billion won mother fund, seeks to invest in projects worth 3 trillion won, with contributions from various entities including the Korea Development Bank. This project joins other selected initiatives under the fund, highlighting the government's commitment to regional revitalization. The Ministry of Economy and Finance also plans to establish an additional 300 billion won fund in the upcoming year. Overall, this project demonstrates South Korea's dedication to hydrogen technology and sustainable energy solutions for regional development.