Gyeongbuk Provincial Government Holds Briefing to Promote Investment by Returning Companies in Korea
Oct 20, 2025
Gyeongbuk-do Province held a briefing session on attracting returning companies to Korea at the Geumosan Hotel in Gumi on the 20th.
The briefing session was designed to proactively respond to the demand for overseas companies to return to Korea amid the rapidly changing industrial environment, such as the U.S.-China trade conflict and global supply chain reorganization, and actively promote policies and incentives to support their return to Korea to attract investment to North Gyeongsang Province.
The briefing session, presided over by Lee Nam-eok, head of the Gyeongsangbuk-do Airport Investment Division, was attended by more than 40 officials, including related agencies, including the head of the Ministry of Trade, Industry and Energy's overseas investment division, KOTRA's domestic return team, officials from the Korea Industrial Complex Corporation, and city and county officials, as well as 10 companies in the province, including Jajwa Electronics Co., Ltd., to share policies to support return to Korea, subsidies and success stories.
At the briefing session, KOTRA's guidance on the "2025 Return to Korea Support System" was followed by the announcement of successful cases of Wonik QNC Co., Ltd.'s return to Korea, the Korea Industrial Complex Corporation's explanation of investment subsidy incentives for return to Korea, listening to difficulties and discussing solutions for participating companies.
Gyeongsangbuk-do enacted the 「Ordinance on Supporting Overseas Companies to Return to Korea」 in 2021, and established a one-stop support system from industrial complex creation to investment attraction and corporate difficulties through reorganization in July 2024.
As a result, North Gyeongsang Province has the largest number of local governments in the country except Gyeonggi Province, with 26 companies, investment of 930.8 billion won and 1,127 new jobs so far.
In addition, in 2024, the Ministry of Trade, Industry and Energy selected it as an excellent local government to attract returning companies to Korea and received a Prime Minister's commendation. As a result, it is expected that the burden of local expenses will be significantly reduced by receiving an additional 5% of state subsidies when applying for returning investment subsidies in Korea in 2025.
The briefing session was designed to proactively respond to the demand for overseas companies to return to Korea amid the rapidly changing industrial environment, such as the U.S.-China trade conflict and global supply chain reorganization, and actively promote policies and incentives to support their return to Korea to attract investment to North Gyeongsang Province.
The briefing session, presided over by Lee Nam-eok, head of the Gyeongsangbuk-do Airport Investment Division, was attended by more than 40 officials, including related agencies, including the head of the Ministry of Trade, Industry and Energy's overseas investment division, KOTRA's domestic return team, officials from the Korea Industrial Complex Corporation, and city and county officials, as well as 10 companies in the province, including Jajwa Electronics Co., Ltd., to share policies to support return to Korea, subsidies and success stories.
At the briefing session, KOTRA's guidance on the "2025 Return to Korea Support System" was followed by the announcement of successful cases of Wonik QNC Co., Ltd.'s return to Korea, the Korea Industrial Complex Corporation's explanation of investment subsidy incentives for return to Korea, listening to difficulties and discussing solutions for participating companies.
Gyeongsangbuk-do enacted the 「Ordinance on Supporting Overseas Companies to Return to Korea」 in 2021, and established a one-stop support system from industrial complex creation to investment attraction and corporate difficulties through reorganization in July 2024.
As a result, North Gyeongsang Province has the largest number of local governments in the country except Gyeonggi Province, with 26 companies, investment of 930.8 billion won and 1,127 new jobs so far.
In addition, in 2024, the Ministry of Trade, Industry and Energy selected it as an excellent local government to attract returning companies to Korea and received a Prime Minister's commendation. As a result, it is expected that the burden of local expenses will be significantly reduced by receiving an additional 5% of state subsidies when applying for returning investment subsidies in Korea in 2025.
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This article was translated by Naver AI translator.
