Jeongeup City, Selected as 'City Good for Business' for 9 Consecutive Years... Implementing Radical Support Policies
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Editor(2025-05-12 00:28:09)
Following its selection as a 'City Good for Business' for the 9th consecutive year, Jeongeup City has prepared and begun implementing new business support policies to promote local economic revitalization and secure future growth momentum.
In addition to existing business-friendly policies such as the 'One Company, One Civil Servant Dedicated System,' the city is increasing the investment subsidy support rate for the use of local construction companies from 5% to 6% to stimulate the construction industry. Furthermore, a new system has been introduced to support a settlement fee of up to 20 million won for families of four or more who relocate to Jeongeup to promote the relocation of businesses from other areas.
The city is also accelerating the promotion of the bio-industry. It plans to increase the subsidy support rate to 6% for investments exceeding 1 billion won by bio-companies to induce the growth of the red and green bio-industries. A new investment subsidy at the manufacturing level is being established for the logistics industry to pursue a strategy of attracting businesses by leveraging Jeongeup's geographical advantages.
Mayor Lee Hak-soo expressed his expectations that "this support policy will inject vitality into the Jeongeup economy and contribute to the creation of a sustainable industrial ecosystem," stating, "We will further enhance our status as a city conducive to business operations."