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Gwangju signs investment agreements with cultural and entertainment companies

광주시, 문화산업 기업 투자유치 협약

Gwangju signs investment agreements with cultural and entertainment companies

 

The City of Gwangju on Friday signed investment agreements with cultural and entertainment companies at the Kim Dae Jung Convention Center.

 

Jongmin Kim has more details.

 

Attention is now focusing on moving various culture and entertainment company headquarters to the cultural industry promotion district in Namgu, Gwangju. Gwangju citizens are pinning their hopes that the new investment deals might ease the current tight labor market.

 

3 animation and mobile game firms, currently based in the capital city Seoul, have agreed to relocate their headquarters, which is said to bring with it more than 300 jobs by 2020. This would be a major win for the Gwangju region. In the past 3 years, as the Hub City of Asian Culture Project, Gwangju has wooed 7 firm’s to relocate here so far.

 

The Hub City of Asian Culture Project, administered by the National Government of Korea, is the single largest cultural project in the history of the nation. The project aims to forge cultural ties and establish a forum of exchange with various countries of Asia, and enhance the overall quality of life of the Asian community by transforming Gwangju, one of the six largest cities in Korea, into a culture city of novel concepts.

 

Among the companies relocating is Funnyflux, one of the top animation studios in Korea founded in 2008 by Jung Gil-Hoon who also created the animation “Super wings”, “Tickety Toc” and “Katuri”.

 

The relocation is expected to bring not only growth to the culture industry but also in creating related jobs in the field.

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