Prime Minister Kim Min-seok pledged significant financial aid on Monday to boost corporate investment in non-metropolitan areas, aiming to foster economic growth engines for balanced national development.
Daegu Mayor-elect Chu Kyoung-ho criticized the potential for political interference in national strategic industry investments, particularly in semiconductors. He argued that investment decisions should be based on objective factors like market competitiveness and infrastructure, not political considerations, to maintain national competitiveness and ensure fair opportunities for all regions.
Andhra Pradesh CM N Chandrababu Naidu, awarded 'Business Reformer of the Year' at ET Awards, urged corporations to invest in the state and witness reforms working. His initiatives include escrow accounts for investor incentives and IT land at 99 paise per acre. Google has committed $15 billion FDI over five years for a data centre cluster in Visakhapatnam. Investments are funding welfare programs including financial assistance for women, farmers and LPG cylinders.
