Pohang City Launches Construction of East Sea Marine Complex Exhibition Center ... Total Project Cost 97.1 Billion Won

Jangseong-dong Area in Buk-gu Secures 4.5 Billion Won in National Funding for 2021

Aerial view of Pohang City East Sea Marine Complex Exhibition Center.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Pohang City announced on the 7th that it has secured the 2021 national budget necessary for the construction of the 'East Sea Marine Complex Exhibition Center' and has begun full-scale preparations to establish a global MICE industry base.

The MICE industry is a service industry that collectively refers to four fields: Meeting, Incentives, Convention, and Exhibition.

In accordance with Article 18 of the 'Special Act on the Investigation of the Truth and Relief of Damage from the Pohang Earthquake,' Pohang City has continuously requested the relevant ministries to build the exhibition center to revitalize the regional economy, which was depressed due to earthquake damage, and to secure new growth engines.

Once the exhibition center is built, Pohang City expects it to lead the MICE industry amid industrial structure diversification while promoting activation by special zones centered on the region's three major national strategic special zones: the Small and Medium Research and Development Special Zone, the Next-Generation Battery Recycling Regulatory Free Zone, and the Yeongilman Tourism Special Zone and Venture Valley.

In particular, by linking with Yeongilman Port International Passenger Terminal and Daegu-Gyeongbuk Integrated New Airport, it is expected to play a key role in drawing a new future blueprint for the East Sea region as a central hub leading the exhibition, logistics, and tourism industries.

The Marine Complex Exhibition Center has a total project cost of 97.1 billion KRW. Pohang City plans to build the exhibition center in Jangseong-dong, Buk-gu, with a building area of 11,818㎡ and three above-ground floors, aiming for completion in 2023 by securing 4.5 billion KRW of national funds in 2021. It will be equipped with an exhibition hall (8,000㎡), convention space (8,000㎡), office and auxiliary facilities (19,456㎡), and an international conference hall.

Mayor Lee Kang-deok of Pohang emphasized, "The East Sea Marine Complex Exhibition Center will have a very large economic ripple effect, including fostering a high value-added MICE industry and creating jobs, in addition to new growth industrial exhibitions centered on special zones." He added, "It will be an advanced base for economic exchange in the East Sea region leading the next 100 years and an extremely important space for improving the quality of life for citizens."

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