In both Daegu and Gyeongbuk regions, investment by venture companies appears to be having a positive ripple effect on the local economy in terms of increased production, added value, and employment. In terms of job creation, investment is contributing...
In both Daegu and Gyeongbuk regions, investment by venture companies appears to be having a positive ripple effect on the local economy in terms of increased production, added value, and employment. In terms of job creation, investment is contributing to job creation in both Daegu and Gyeongbuk, and is showing a high employment inducement effect, especially in technology-intensive industries. In terms of differences in industrial structure by region, in the Daegu region, R&D investment is concentrated in advanced technology and service industries such as information and communication technology (ICT), bio, and service platforms, and the development of these industries is leading the economic ripple effect. On the other hand, in the Gyeongbuk region, R&D investment is concentrated in traditional manufacturing, advanced manufacturing technology, automobiles, and eco-friendly energy technology, and appears to be aiming to modernize the industry and increase efficiency through this. The Daegu region appears to be promoting balanced economic growth in various districts (counties) with relatively evenly distributed R&D investments. On the other hand, in the Gyeongbuk region, R&D investment is concentrated in specific regions (Gumi, Gyeongsan, Pohang), so the economic ripple effect tends to be regionally concentrated, which is likely to cause economic disparities between regions. In order to revitalize venture businesses in the Daegu and Gyeongbuk regions, the initial cost burden must be reduced through direct financial support from the government and local governments for venture businesses.