JNDC 서브 페이지

About JNDC

Overview

About JNDCOverview

인쇄 공유

Purpose of Establishment

Jeonnam Development Corporation is a public corporation wholly funded by Jeollanam-do and established in accordance with the Local Public Enterprises Act, with the aim of contributing to the improvement of residents’ welfare and the development of local communities through regional development projects, and realizing social value and protecting and promoting the human rights of residents through ethical management.

Legal Basis for Establishment

Article 49 of the Local Public Enterprises Act
Promulgation of the Ordinance on the Establishment of the Jeonnam Development Corporation (Ordinance No. 2937)

Capital

Authorized capital: KRW 500 billion
Paid-in capital: KRW 390.7 billion

Main Business

  1. Development of residential sites, corporate and innovation cities, and rural and fishing villages
  2. Construction, sale, lease, and management of housing and public/common-use buildings
  3. Development of general industrial complexes and agro-industrial complexes
  4. Development, use, and dissemination of renewable energy
  5. River development and reclamation of public waters
  6. Acquisition, development, stockpiling, and supply of land for the expansion of public facilities and regional development
  7. Development of tourism complexes and support for the development and distribution of tourism products
  8. Tourism businesses as prescribed in Article 3 of the Tourism Promotion Act (excluding travel agencies and casino businesses)
  9. Development and operation of sports facilities as prescribed in Article 3 of the Act on the Installation and Utilization of Sports Facilities
  10. Marine tourism and passenger transportation
  11. Creation and management of cultural and arts spaces
  12. Development and management of distribution and logistics complexes
  13. Production, development, processing, distribution, and sale of products and construction materials utilizing local specialty products
  14. Operation of duty-free shops
  15. Joint development and research with the private sector, including attraction of foreign investment, that can contribute to revitalizing the regional economy
  16. Promotion and management of projects deemed necessary by the State, local governments, or public institutions
  17. Promotion of public-interest projects aimed at realizing social values and protecting and enhancing the human rights of local residents
  18. Investment in and management of projects that have both public interest and profitability, to the extent not in conflict with Article 2 of the Local Public Enterprises Act
  19. Ancillary projects related to the projects from subparagraphs 1 through 17
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