Yeosu Gwangyang Port Authority, Recruiting Tenants for Gwangyang Port West Side Hinterland Complex

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Yeosu Gwangyang Port Authority (President Cha Min-sik, hereinafter referred to as the Authority) announced that it is recruiting tenant companies for the Gwangyang Port hinterland complex (west side), designated as a free trade zone.

The leased site is Zone 3 of the Gwangyang Port west side hinterland complex, consisting of two parcels, 1401-1 and 1406, Hwanggil-dong, Gwangyang City, totaling 116,505.3㎡, and is seeking manufacturing and logistics companies.

The Authority plans to attract manufacturing and logistics companies capable of driving new cargo volumes at Gwangyang Port to Zone 3. The lease period can be up to 50 years, with rent set at 258 KRW per ㎡ for manufacturing companies and 129 KRW per ㎡ for logistics companies.

In particular, if foreign investment exceeds 5 million USD, additional rent reductions are available. Furthermore, tenant companies can enjoy various benefits of the free trade zone, including tax reductions such as corporate tax exemptions and low rent.

The recruitment period is until October 20, and business plans will be accepted over two days from October 19 to 20. Afterward, through document screening and business plan evaluation, the Authority will announce the preferred negotiation candidates on its website.

For more detailed information related to the announcement, please visit the YGPA website.

Lee Jang-mok, Head of the Logistics Complex Department, said, “Many companies have shown interest in the Gwangyang Port west side hinterland complex, so the competition for tenant recruitment is expected to be fierce. We ask for active participation from interested companies.”

He added, “We expect that this tenant recruitment will greatly contribute to the revitalization of Gwangyang Port and the regional economy.”

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