Kim Dong-yeon: "Innovative startups are the leaders of advanced economy... Will concentrate investments"

[Suwon Ilbo=Reporter Park No-hun] Gyeonggi Province Governor Kim Dong-yeon announced through SNS on the 23rd news of the 'G-Fund Agreement Ceremony' held that day, expressing his determination to make Gyeonggi Province the center of Korea's future industries.

Governor Kim Dong-yeon stated, "Regardless of what others say, my conviction is that innovative startups are the protagonists of the leading economy," and added, "Gyeonggi Province will establish a 1 trillion won-scale 'G-Fund' by 2026 and concentrate investments in startups for carbon neutrality, future innovation industries, and development of northern Gyeonggi Province."

He further pledged, "Through attracting 100 trillion won in investments and providing 1 trillion won through the G-Fund investment, we will make Gyeonggi Province the center of Korea's future industries."

The following is the full text of Gyeonggi Province Governor Kim Dong-yeon's SNS post.

<Matched Investments for Startups, 'Gyeonggi Province G-Fund'>

During my tenure as Vice Minister of Economy, I announced the 'Plan to Foster Korea's Innovative Startup Ecosystem.' Regardless of what others say, my conviction is that innovative startups are the protagonists of the leading economy.

However, the central government cut the budget for mother funds by approximately 40% this year. Preparation and investment for the future have disappeared.

Gyeonggi Province must be different.

Gyeonggi Province will establish a 1 trillion won-scale 'G-Fund' by 2026 and concentrate investments in startups for carbon neutrality, future innovation industries, and development of northern Gyeonggi Province.

Through attracting 100 trillion won in investments and providing 1 trillion won through the G-Fund investment, we will make Gyeonggi Province the center of Korea's future industries.

Additionally, I learned that execution of 19.3 billion won in emergency heating cost support from Gyeonggi Province was completed today. Proactively supporting people when their livelihoods are difficult is also a public responsibility.

I sincerely thank the Gyeonggi Province staff members for preparing preemptive measures and completing the execution swiftly.