Ulsan High-Tech Valley Complex 'Phase 2' on Track

56.6ha Electronic, Electrical, and Mechanical Industry Attraction in Gacheon-myeon, Ulju-gun ‥ Completion in 2023

Ulsan City Hall. Ulsan City is starting the second phase of the High-Tech Valley General Industrial Complex development project in Ulju-gun.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The second phase of the 'Ulsan High-Tech Valley General Industrial Complex' development project is expected to gain momentum, starting with compensation for losses.

Ulsan City announced on the 1st that this project, which began construction in 2006 on a 1.94 million㎡ site in Gacheon-ri, Samnam-myeon, Ulju-gun, with a total budget of 180.8 billion KRW, is currently preparing for the second phase of development with a completion target set for 2023.

The second phase of the development project will involve an investment of 131.8 billion KRW and will be carried out on a 576,000㎡ site. The industries to be established here include electronic components, electrical equipment, metal processing, and other machinery.

The first phase of the development project was completed in February 2018 and is currently being leased. The third phase, covering a site of 1.132 million㎡, is being promoted by Samsung SDI with a completion target of 2023, following a 'real demand-driven development method.'

A city official stated, “This industrial complex development was recently selected as a Ulsan-type Smart New Deal project in response to the post-COVID-19 era, and it is planned to be developed as an advanced industrial complex specialized in new industries centered on future cars, energy, and research and development (R&D).”

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