Wando-gun Enacts Ordinance to Foster Marine Bioindustry

The Nation's First Basic Local Government... Boosting Marine Bioindustry Development

Aerial view of Wando Marine Bio Research Complex (Photo by Wando-gun)

[Asia Economy Honam Reporting Headquarters Reporter Choi Kyung-pil] Wando County announced on the 6th that it promulgated the "Ordinance on the Promotion and Support of the Wando Marine Bioindustry" on the 3rd to systematically foster and support the marine bioindustry.

The "Ordinance on the Promotion and Support of the Marine Bioindustry," the first of its kind enacted by a basic local government nationwide, aims to create a foundation for the development of the marine bioindustry and strengthen competitiveness to contribute to revitalizing the local economy by stipulating necessary matters for comprehensive and systematic fostering and support of the marine bioindustry.

The ordinance stipulates ▲ the responsibilities of the county governor ▲ establishment of a basic plan for the marine bioindustry ▲ promotion of projects for fostering the marine bioindustry ▲ formation and operation of the Marine Bio Fostering Committee, among others.

Additionally, the plan to establish a seaweed-specialized marine bio research complex was reflected as a core project in the "Comprehensive Development Plan for the Southern Coastal Area" announced by the Ministry of Land, Infrastructure and Transport on the 29th of last month. With the enforcement of this ordinance, it is expected that Wando County will gain more momentum in fostering marine bio companies through research and product development specialized in seaweed marine bioindustry.

Shin Woo-cheol, Wando County Governor, said, "With the enactment of the ordinance, a system has been established to systematically foster the marine bioindustry," and added, "In response to the post-COVID-19 era and the crisis of local government extinction, we will actively foster the seaweed-specialized marine bioindustry as Wando County’s future representative new industry."

Meanwhile, the "Wando Marine Healing Blue Zone Project" was selected as a pilot project for the Regional Development Investment Agreement by the National Balanced Development Committee in April. Of the total project cost of 18.2 billion KRW, 11 billion KRW will be invested in establishing the marine bio research complex foundation, and a joint cooperative research institute and startup center are planned to be built next year.

Wando County plans to create a marine bio research complex to attract 10 domestic and international corporate research institutes and 30 startups, fostering an industrial ecosystem for the marine bioindustry by promoting industrialization based on diverse research achievements.

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