Gyeongsangnam-do Province Unveils Ambitious Plan for Future High-Tech Industries
Key Ideas
  • Gyeongsangnam-do Province announced a comprehensive plan to invest 8.94 trillion won by 2033 in fostering high-tech industries, focusing on aerospace, nuclear power plants, hydrogen, AI, robotics, and more.
  • The strategic plan aims to attract 100 high-tech industries, nurture 100 startups, designate 20 high-tech strategic technologies, and develop 18 brand contents, with projections of significant production, value-added, and job inducement effects.
  • Initiatives include establishing a space park, developing aviation engine parts, creating a hydrogen-specialized complex, fostering digital innovation, manufacturing robots, extreme materials, power semiconductors, and biomedical innovations to diversify the industry.
  • To support youth employment, Gyeongsangnam-do plans to create a cultural content industrial ecosystem, offering incentives such as interest-free loans, rental office subsidies, R&D facility support, and assistance for settling migrant employees.
Gyeongsangnam-do Province in South Korea unveiled an ambitious plan to promote future high-tech industries, responding to evolving industrial landscapes and aiming to generate employment opportunities. With an investment of 8.94 trillion won by 2033, the province will focus on aerospace, nuclear power plants, hydrogen, AI, robotics, semiconductors, and more. The strategy involves attracting high-tech companies, nurturing startups, developing strategic technologies, and creating brand contents, with projections of significant economic effects. Initiatives include establishing a space park, localizing aviation engine parts, creating a hydrogen complex, fostering digital innovation, manufacturing robots, extreme materials, power semiconductors, and biomedical innovations. A key focus is on cultivating a cultural content industry to provide jobs for young people, supported by incentives like interest-free loans, office subsidies, R&D facility support, and assistance for migrant employees. The province aims to drive growth and competitiveness in high-tech sectors, emphasizing speed, performance, AI convergence, and future-focused industrial development.
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