The 4th Project of the Regional Revitalization Investment Fund Selected! - Gyeongju Gangdong Hydrogen Fuel Cell Power Plant [What is the Regional Revitalization Investment Fund] A new type of local investment designed to promote large-scale, sustainable projects tailored to regional needs, leveraging private sector capabilities and capital to unlock the region’s economic potential * The government created a 300 billion won parent fund by securing 100 billion won investments from three key sources: government finance, local extinction response fund, and the Korea Development Bank (KDB). * With a 10 times leverage of the parent fund, local and private sectors can pursue regional revitalization projects worth 3 trillion won. [Project Details] Gyeongju Gangdong Hydrogen Fuel Cell Power Plant ㅇ Total Budget: 771.6 billion won ㅇ Objective: Construct and operate Korea’s largest hydrogen fuel cell power plant with a capacity of 107.9 MW ㅇ Expected Effects 1. [Energy Stability] Provide stable electricity to power-deficient industrial complexes 2. [Economic benefits] Create approximately 1,200 new jobs during the construction, and corporate tax revenues worth 73.3 billion won 3. [Investment Promotion] Attract potential investment in related industries including data centers and smart farms ㅇ Construction - Commencement: March 2025 - Completion and start of operation: March 2028 [Progress Updates for Projects 1st-3rd] 1. Danyang Station Complex Tourism District (113.3 billion won) 2. Gumi National Industrial Complex Restructuring (123.9 billion won) 3. Yeosu Myodo LNG Terminal (1.436 trillion won) ⇒ All sub-fund formations have been completed, and construction is expected to begin within this year ㅇ The Korean government will continue to actively support local governments' efforts to reinvigorate regional economies through the Regional Revitalization Investment Fund.