Hampyeong-gun Myeongam Livestock Specialized Agricultural and Industrial Complex Designated and Announced as an 'Investment Leading Zone'

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Hampyeong-gun, Jeollanam-do is expected to gain momentum in attracting private investment.

Hampyeong-gun announced on the 14th that Myeongam Livestock Specialized Agricultural and Industrial Complex will be designated and announced as an Investment Leading Zone by the Ministry of Land, Infrastructure and Transport on the 16th.

The Investment Leading Zone is a system introduced with the enforcement of the Regional Development Support Act in 2015, divided into 'Development Promotion Type' targeting underdeveloped areas and 'Hub Cultivation Type' targeting urban areas.

Since being selected as a Development Promotion Type Investment Leading Zone in 2017, the county has gone through resident opinion collection, expert institution review, consultation with related organizations, and deliberation by the National Land Policy Committee, and is now finally designated and announced as an Investment Leading Zone.

With this designation, it will receive 73 types of regulatory special benefits such as tax and charge reductions, and relaxation of building coverage ratio and floor area ratio.

Additionally, it will receive national funding of 8.36 billion KRW necessary for infrastructure development, including the construction of access roads to the agricultural and industrial complex and the establishment of a 6th industry support center.

In 2018, the county promoted the Myeongam Livestock Specialized Agricultural and Industrial Complex development project through public development to brand and cluster the region's clean agricultural and livestock products such as Hampyeong Cheonji Hanwoo.

By 2022, about 50 billion KRW will be invested to create a total 320,000㎡ Investment Leading Zone, including a livestock specialized agricultural and industrial complex (287,000㎡) and infrastructure (33,000㎡).

In particular, a theme park, industrial tourism platform, and experiential food specialty street will be developed near the livestock production and processing complex, aiming to foster it as a themed tourist destination linked with existing tourism resources such as the Hampyeong Butterfly Festival.

The county expects the project to create 304 new jobs and generate a production inducement effect of 103.5 billion KRW upon completion.

A county official said, “If the synergy effect between this Investment Leading Zone designation and the currently operating Investment Attraction Committee is realized, private investment in the Myeongam Specialized Complex will gain even more momentum. We will do our best to ensure that the remaining period is devoted to investment attraction and project promotion so that it can be well utilized as a core local living base and an open space for residents.”

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