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A Study on the Supporting System for Investment Attraction - Focused on the Investment Subsides case of Jeonbuk State -
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투자유치를 위한 지원제도에 관한 연구 - 전북특별자치도의 투자보조금 사례를 중심으로 -

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Type
Academic journal
Author
Kim, Gil-soo (전북대학교)
Journal
한국자치행정학회 한국자치행정학보 한국자치행정학보 제38권 제3호 KCI Accredited Journals
Published
2024.9
Pages
113 - 135 (23page)

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A Study on the Supporting System for Investment Attraction - Focused on the Investment Subsides case of Jeonbuk State -
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Korea has become a powerful country through continuous economic growth over the past 50 years. However, the result of continuously pursuing an unbalanced growth strategy has been the deepening of regional and class inequality. In particular, there is a large difference in population and economic power between the metropolitan area and non-metropolitan areas. In order to reduce concentration in the metropolitan area, the Korean government directly regulates activities that cause population growth in the metropolitan area and is making and implementing policies to promote investment in non-metropolitan areas. Investment subsidies are a system to increase investment in non-metropolitan area. This study intended to analyze the performance of investment subsidies in Jeonbuk State. As a result of the analysis, among the companies that invested in the Jeonbuk region, companies that received investment subsidies showed better management performance than companies that did not receive subsidies, indicating a higher contribution to the regional economy. Therefore, investment attraction is necessary to revitalize the regional economy, and the investment subsidy system needs to be actively utilized to improve the performance of investment attraction This study can propose the following implications. First, investment subsidies should be utilized to attract industries with clear innovation performance, such as the battery industry or the chemical materials industry. Second, while attracting large-scale investments is necessary, efforts should also be made to attract small businesses with large job creation per investment amount. Third, the investment subsidy calculation method should focus on job creation rather than investment size. Fourth, investment subsidies should be expanded from manufacturing-centered industries to other industries that have high value addition and contribute to job creation, such as the tourism industry. The investment subsidy system aims to achieve balanced national development and regional economic revitalization. In order to maximize this goal, we need to monitor and revise the policy periodically.

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