The primary industries are electronics and IT Manufacturing such as Smartphone, Tablet computer, 5G and 6G Networking Equipment, Semiconductors, OLED and other Displays, Carbonated fibres, rubber, plastic and metal products.

It was selected for development for some practical reasons such as its easy access to transportation infrastructure, and its location in the industrialized Yeongnam region.

[7] Gumi was the homeground of the KB Insurance Stars volleyball team until July 2017, when the club relocated to Uijeongbu.

The peak at 976 m above sea level is one of the eight famous spots in the Yeongman area and is the location of the start of the nature preservation campaign in Korea.

There are several interesting sites on the mountain that include:[9] The Doesan Cave, Daehye Waterfall and HaeUn Buddhist Temple are all easily reached by taking the cable car from the entrance of the park and then hiking a short distance.

The YakSa Temple and the Ma Ae cliff Buddha statue are both near the summit of Geumo Mountain and require about one to two hours of hiking to reach them.