Full-Scale Promotion of the 'Gwangju Industrial Complex Grand Renovation Project' at Gwangju Advanced Science Industrial Complex Hub

Government's 3rd Supplementary Budget Includes 4 Billion KRW National Funding for 'Smart Energy Platform Construction Project' and Others

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] The ‘Gwangju Industrial Complex Grand Renovation Project,’ centered on the Gwangju Advanced Science Industrial Complex, is set to be fully launched.

Gwangju Metropolitan City announced on the 23rd that the ‘Smart Energy Platform Construction Project’ (3 billion KRW) and the ‘Vibrant and Beautiful Industrial Complex Street Creation Project’ (1 billion KRW) were included in the government’s third supplementary budget, and that the smart industrial complex project will be actively promoted.

The grand renovation project of the industrial complex was originally planned to start early next year, but due to the economic downturn caused by COVID-19 and in line with the Korean New Deal policy aimed at economic innovation and job creation based on digital technology, the project has been advanced to the second half of this year.

The smart energy platform construction project being promoted this time is a Green New Deal initiative that focuses on distributing digital infrastructure to improve factory energy efficiency within the industrial complex, and establishing an online and offline energy management platform to optimize energy supply and demand and foster new energy industries.

The total project cost of 9 billion KRW will be fully funded by the national government. This year, 30 companies located in the Gwangju Advanced Industrial Complex (Phase 1) will receive 60 million KRW each, and over the next three years, an additional 90 companies will be supported to build an integrated energy system for the industrial complex.

Additionally, the ‘Vibrant and Beautiful Industrial Complex Street Creation Project’ aims to address issues such as parking shortages due to aging industrial complexes, nighttime security blind spots, and the negative image of dark industrial areas.

By the end of this year, 2 billion KRW (1 billion KRW national funds, 1 billion KRW city funds) will be invested to implement projects around the Advanced Government Complex area, including creating design-specialized streets, installing symbolic sculptures, establishing worker rest areas, improving smart traffic facilities, and installing nighttime landscape lighting.

Next year, smart manufacturing innovation projects such as the establishment of a Standard Manufacturing Innovation Process Module Center for industrial complex smartification, AI-based specialized smart talent development for the automotive sector, and smartification of infrastructure including smart streetlights and traffic systems will be carried out in stages.

Park Nam-eon, Director of the City’s Job and Economy Office, said, “Industrial complexes account for 78% of manufacturing employment, 82% of production, and 74% of exports in Gwangju, playing a pivotal role in the regional economy. We plan to transform the industrial complex into a smart industrial complex based on artificial intelligence (AI), linked with the grand renovation project and the Korean New Deal, to lead the post-COVID era.”

Meanwhile, the Gwangju Industrial Complex Grand Renovation Project aims to utilize the innovative resources of the key industrial complex, Gwangju Advanced Science Industrial Complex, to foster industries centered on automotive electronic components and composite molds. The Hanam Industrial Complex will focus on nurturing the body, chassis assembly, and mold industries to create a ‘Gwangju-type Automotive Industry Cooperation Belt’ capable of supplying high-quality parts to the completed vehicle factory of Gwangju Global Motors in the Bitgreen Industrial Complex.

The total project cost is 765.6 billion KRW, with 24 new projects over three years receiving 220 billion KRW and 9 existing projects receiving 540 billion KRW.

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