Nuclear Research Complex in Gyeongju... Gyeongbuk Province Confirms Designation of 10 Industrial Complexes

Korea Atomic Energy Research Institute to Invest 292 Billion Won by 2023 in Innovative Nuclear Research Complex
Ministry of Land, Infrastructure and Transport Adds 3 Sites in Gyeongju to Initial Plan of 6 City-County Industrial Complexes

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gyeongsangbuk-do announced on the 2nd that it has finalized the '2020 Industrial Complex Designation Plan (Amendment)' for 10 sites covering 6㎢ in 7 cities and counties within the province, including Gyeongju, Yeongcheon, and Sangju.

This year's industrial complex plan added 3 sites totaling 2.7㎢?the Innovative Nuclear Research Complex, Oedong 3 General Industrial Complex, and Oedong 4 General Industrial Complex?requested by Gyeongju City, in addition to the originally planned 7 sites covering 3.3㎢ in 6 cities and counties. On July 29, the Ministry of Land, Infrastructure and Transport's Industrial Location Policy Committee comprehensively considered factors such as tenant demand, financing plans, and qualifications of project implementers for the 3 sites in Gyeongju, and finalized their designation as industrial complexes.

The newly designated Innovative Nuclear Research Complex is an exclusive research complex established in the Gyeongbuk region by the Korea Atomic Energy Research Institute (KAERI) to secure core technological capabilities in the nuclear field. KAERI plans to invest 292 billion KRW by 2023, which is expected to significantly contribute to regional economic revitalization and job creation.

The Oedong 3 and 4 General Industrial Complexes are industrial complexes directly developed by companies with actual demand for industrial complex development (19 companies) in the Gyeongju area, and are expected to attract metal processing product manufacturing and other machinery and equipment manufacturing industries.

Going forward, after the project implementer establishes the industrial complex development plan and completes administrative procedures such as resident briefings, environmental impact assessments, and consultations with related agencies, and submits an approval application, the final decision on designation approval will be made through deliberation by the Local Industrial Complex Planning Review Committee composed of relevant experts.

Kim Gyu-yul, Director of Urban Planning at Gyeongsangbuk-do, stated, "Until now, industrial complexes have mainly served as production bases centered on manufacturing, but times are changing." He added, "The industrial complexes to be developed in the future will be created as convergence industrial spaces where work, life, and healing coexist?places where people can work, live, and enjoy."

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