CHANGWON — South Gyeongsang Province has drawn more than 10 trillion won in investment this year, setting a record for the second straight year. Corporate investment has continued to flow into the region's core industries, including nuclear power, shipbuilding and aerospace, steadily expanding the scale of investment the province attracts.
The province said on the 20th that it signed investment agreements worth a combined 2.64 trillion won ($1.8 billion) with 17 companies at the 2026 South Gyeongsang Province Investment Forum, held at the Westin Josun Seoul in Jung-gu, Seoul. The agreements include plans to create 850 jobs. It is the largest total for a single event since the province began holding investment forums in 2009.
With the latest agreements, cumulative investment secured this year rose to 10.57 trillion won ($7.3 billion). That exceeds last year's record of 10.40 trillion won and extends a run of growth in investment that began in 2022.
The agreements include numerous plans to expand production facilities in the region's core industries. Doosan Enerbility will expand manufacturing facilities for main nuclear power equipment and for aerospace and defense materials and components. Samsung Heavy Industries plans to add smart shipbuilding equipment in Jangpyeong-dong, Geoje, and at the Chilseo General Industrial Complex in Haman County.
Daewon Plus Group will invest 260 billion won in tourism and MICE facilities in the Singi 2 district of Yangsan and hire 180 workers. In Changwon, Dongwon Global Terminal Busan will invest 200 billion won in the west container terminal at Jinhae New Port, and Young Chemical will invest 100 billion won in the Ungdong district.
In Miryang, Bio Green will invest 65 billion won at the Nano Convergence National Industrial Complex, and Spacepro will put 60 billion won into a launch vehicle processing facility in Sangnam-myeon. SL Electric will invest 42 billion won in precision machinery, including energy storage systems, at the Haman General Industrial Complex.
In aerospace, Hana Aerodynamics and SI Aviation will invest 40 billion won and 5 billion won, respectively, at the Jinju Aerospace National Industrial Complex. In Sacheon, investments are planned by S&K Aviation at 15 billion won, U&I E&C at 11 billion won and TelePIX at 10 billion won. In Sancheong County, Won Geudaero Jin will invest 10 billion won in food and bio operations.
"In connection with the large-scale investment plans announced by the government, South Gyeongsang is better positioned than other regions to carry out investment quickly," Governor Park Wan-su said. "I will personally attend to what is needed so that these agreements translate into actual investment and companies can grow here in South Gyeongsang."