President Yoon "Creating a Venture Fund for Local Era worth KRW 1 trillion"

President Yoon Suk Yeol said he will actively invest in non-capital start-ups by creating a 1 trillion won "Local Era Venture Fund" by 2027 so that local start-ups can grow and settle in the region.President

Yoon presided over the 8th Central Regional Cooperation Conference in Gangwon Province today (6th) and said, stressing that the provinces must revive in order to overcome the challenges and crises facing the Republic of Korea and make a new leap forward.

He then mentioned that the newly designated investment companies in each of the six cities and provinces have signed investment agreements in special opportunity development zones, and said that if large-scale investment by companies totaling 33.8 trillion won begins in earnest, good jobs will be created in the region and the local economy will revive, and residents will also feel the benefits.

The government also emphasized that the Yoon Suk Yeol government pursues a local era in which local governments take advantage of their comparative advantages to promote development strategies and the central government supports them.

Earlier, President Yoon has presided over meetings in Ulsan, Jeonbuk, and Busan, starting with attending the 2nd Central Regional Cooperation Conference in October 2022.