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Why Chungbuk
Success Stories of Company Support
Investment incentives
1. Chungcheongbuk-do builds society where business leaders are respected.
To this end, the province is staging ¡°Lift the Business Spirit¡± campaign.
¡¡- It has designated Businessmen¡¯s day, held meeting with business leaders, and
¡¡¡¡bestowed awards upon SMEs.

Chungbuk is implementing 24 tasks to create a culture of respect for business leaders.
¡¡- It has established businessmen¡¯s hall of fame, allowed business leaders to use
¡¡¡¡Chungju International Airport VIP lounge and public facilities for free.

The province is committed to building business-friendly society through province-wide company support movements.

2. Chungbuk aims to create the best investment climate in the country.
77 customized industrial clusters/55,794,000§³
¡¡- Specialized clusters by district (southern, northern, central districts)
¡¡- Creation of industrial clusters

Expanding incentives to companies
¡¡- Chungbuk offers up to KRW 10 billion to companies that move their operation from
¡¡¡¡the Seoul metropolitan area to the province.
¡¡- It offers up to KRW 5 billion to companies that move into the province from other
¡¡¡¡provincial areas or companies or companies that build new factories.
¡¡- It provides KRW 1 billion to foreign-invested companies for employment and
¡¡¡¡vocational training.
¡¡- It aims to raise KRW 10 billion for investment promotion fund by 2010.

Chungbuk is also making tremendous effort to remove any impediment to investment amend regulations (laws, ordinances, guidelines, etc.).

3. Chungbuk supports SMEs and venture companies.
Provision of customer-oriented one-stop service
¡¡- Chungbuk operates a troubleshooting center and ¡°e-love company center¡± to resolve
¡¡¡¡grievances on line and off line.
¡¡- It provides one-stop service for SME in starting business and building factories.

Extending low-interest loans in a timely manner
¡¡- Raising SME development fund
¡¡- Management of Biotopia Fund (KRW 11 billion)
- Management of Speical Economic Province Fund (KRW 50 billion)

Designating leading venture companies and supporting them: extending low-interest loans, supporting marketing and promotion activities

4. Chungbuk pursues harmonious labor-management relations.
Holding ¡°Chungbuk tripartite forum¡± between labor, management, and government
¡¡- Building partnership through various programs such as labor-management-
¡¡¡¡government workshop and concert

Declaration of Chungbuk as ¡°Labor-Management Peace Zone¡±
¡¡- Building cooperative network between labor, management, and government
¡¡¡¡(2007~2008)
¡¡- Encouraging local companies and labor unions to sign an agreement on cooperation
¡¡¡¡(2008~2009)
¡¡- Declaration of ¡°Labor-Management Peace Zone¡± (May, 2009)

Chungbuk provides financial incentives to companies with amicable labor-management relations.
Last Updated on 03 18 2009