Naju-si, e-New Industry Hub 'Energy National Industrial Complex' Sailing Smoothly

[Asia Economy Honam Reporting Headquarters Reporter Lee Han-hyuk] Naju City, Jeollanam-do (Mayor Kang In-gyu) announced on the 14th that it recently held a preliminary feasibility study presentation meeting and an on-site inspection by the Korea Development Institute (KDI) at the city hall Ihwa Room to promote the establishment of the national energy industrial complex.

Following the Ministry of Strategy and Finance's project feasibility study application in January and the notification of selection as a preliminary feasibility study target in February, the city explained the necessity of establishing the national energy industrial complex to enhance national industrial competitiveness and balanced national development through this KDI on-site inspection.

It also focused on emphasizing the competitiveness of the national energy industrial complex linked with industry-academia-research clusters such as Jeollanam-do's 'Blue Economy,' 'Energy Capital Naju Vision,' 'Establishment of Korea Electric Power Corporation (KEPCO) University,' and 'Completion of Four Major Energy Industry Complexes.'

Through the presentation meeting, the city announced key pending projects that will create synergy effects with the national industrial complex, including ▲the geographical and transportation infrastructure excellence of the national industrial complex site ▲high occupancy rates of four local industrial complexes (85.2%) and six agricultural and industrial complexes (100%) ▲activation of attracting innovative industrial complex companies through the creation of the Energy Valley ▲a plan to establish Korea's energy capital worth 2.0258 trillion KRW.

Mayor Kang In-gyu said, "The innovative industrial complex near the national industrial complex will achieve a 100% occupancy rate by next year through the activation of the Energy Valley creation," adding, "As energy-specialized companies continue to increase, there is concern about a shortage of industrial complexes where companies want to move in but cannot, so a dedicated national energy industrial complex is absolutely necessary."

Of the total 212 plots in the innovative industrial complex, about 77%, or 176 plots, have been sold.

The city expects the remaining 36 plots to be sold by next year.

Mayor Kang said, "With Jeollanam-do's Blue Economy, Naju's Energy Capital creation, the establishment of KEPCO University, and the completion of four energy industry complexes, the establishment of the national industrial complex will foster Naju as a global hub for the energy industry ecosystem," adding, "We will devote all administrative and financial support to ensure that the national energy industrial complex becomes a core foundation for enhancing national competitiveness in the era of the Fourth Industrial Revolution."

Meanwhile, the national energy industrial complex is an energy-specialized complex selected and announced by the Ministry of Land, Infrastructure and Transport in August 2018 to promote balanced national development and future new industries. It plans to invest 384.3 billion KRW near the innovative industrial complex to develop an area of 1,837,000㎡ (approximately 570,000 pyeong).

It will be developed as a demand-oriented industrial complex desired by companies, aiming to strengthen national industrial competitiveness through the creation of an energy new industry innovation hub, establishing a new industry ecosystem linked with anchor companies such as KEPCO, and building an organic collaboration system among industry, academia, and research.

Earlier, in November last year, the city took the first step toward establishing the national industrial complex by signing a business agreement with Jeollanam-do, the Korea Land and Housing Corporation (LH), and Jeonnam Development Corporation, the project implementers.

The city plans to proceed with the schedule aiming for the official designation and detailed design of the national industrial complex in 2022, compensation for acquired land and obstacles in 2023, and groundbreaking in June 2024.

This content was produced with the assistance of AI translation services.