Gyeongsangbuk-do (GyeongBuk) has been playing a pivotal role in the economic achievement of South Korea for the last 40 years. It was the major member of “the miracle of Han River” and the 8.2% annual economic growth rate of South Korea.
It has successfully grown into the wellspring of the profit-maximizing businesses and is now ready to invite more business enterprises with business friendly environment and supporting policy.
The industrial complexes in Gyeongsangbuk-do have been strategically formed to benefit from the geographical advantages, technological efficiency, and research capabilities. The extension of the mutual cooperation is enhancing our industrial synergy and competitiveness more than ever. The most distinguished are Display & IT Complex in Gumi, Steel Manufacturing in Pohang, Automobile Parts in Gyeongju, Textiles and Machinery in Gyeongsan & Chilgok.
Foreign Direct Investment into the province has amounted to US$ 5.6 billion for the last five-year period with our all-out efforts and support. Gyeongsangbuk-do has already succeeded in having the world-renowned companies such as Philips from Netherlands, Thales and Valeo from France, Asahi Glass and Toray from Japan, and Corning from the U.S.A. well settled in the area. Continuing to their successful operations, we keep striving to make the province the best place to do business and to invest in by providing various incentives such as cash grant, tax break extension, and subsidies for land and facility, of course, accompanied by our consistent policies and goodwill
As nurturing the future of the industries with well- aimed schemes has been a part of our investment projects, we began to foster Pohang as a hub of Nano Technology, Gumi as a hub of Information Technology and electronics parts, and the northern region as a hub of Biology Technology and marine industries based on our long-term plans. We will continue to do our best to be the most powerful driving force of the Korean economy as well as the global economy. The province is here for your growth opportunities and I am pretty assured that we can make it happen together. Thank you!
Hoping your dreams find success soon,.
Governor of Gyeongsangbuk-do
Lee, Eui
Geun 
Avril 2006
