Chuncheon: President Yoon Suk Yeol announced an increase in government support aimed at enhancing local quality of life to attract investment and talent for balanced regional development. This announcement was made during the ceremony for the second Local Autonomy and Balanced Development Day. At the event, multiple companies committed to investment agreements totaling 33.8 trillion won (approximately US$24.5 billion) across six cities and provinces.According to Yonhap News Agency, the designated Opportunity Development Zones include the cities of Gwangju, Ulsan, Sejong, and the provinces of Gangwon, North Chungcheong, and South Chungcheong. These zones will receive benefits such as tax breaks, financial support, and regulatory exemptions. President Yoon emphasized that the expected large-scale corporate investments would lead to the creation of numerous quality jobs, revitalizing local economies and providing tangible benefits to residents.President Yoon further elaborated on the government's strategy, w hich includes fostering a virtuous cycle where local talent can secure quality employment opportunities within their communities. This approach is expected to contribute to regional growth. Additionally, Yoon outlined plans to establish a comprehensive local health care system, highlighting the importance of quality education and health care in enhancing residents' quality of life. This, in turn, is anticipated to attract more companies and talent to these regions.
- October 12, 2026
