Next Year, 27.61㎢ of 98 Industrial Complexes Nationwide Will Be Developed

[Asia Economy Reporter Chunhee Lee] The Ministry of Land, Infrastructure and Transport announced on the 30th that it held the Industrial Location Policy Committee meeting and finalized the 2021 industrial complex designation plans (draft) prepared by each city and province. The industrial complex designation plans are established by each city and provincial governor in accordance with the "Integrated Guidelines on Industrial Location Development," and after consultation with the Ministry of Land, Infrastructure and Transport, local governments carry out their own approval procedures for each industrial complex.

With the approval of this designation plan (draft), 98 industrial complexes (total industrial land area of 27.61㎢) submitted by 11 cities and provinces including Chungnam have been reflected in next year's industrial complex designation plans.

By region, the Gyeonggi area recorded the highest number and largest area with 29 industrial complexes designated, including Goyang Ilsan Urban High-tech Industrial Complex. The total designated plan area is 11.44㎢, with an industrial land area of 7.61㎢. In the Chungbuk area, 11 industrial complexes including Cheongju Oksan 2 Ilsan Industrial Complex were designated, with a designated plan area of 8.05㎢ and an industrial land area of 5.06㎢. The industrial land area of industrial complexes in Gyeonggi, Gyeongnam, Gyeongbuk, Chungnam, and Chungbuk regions accounts for 23.84㎢, representing 86.3% of the total industrial land area.

The Ministry of Land, Infrastructure and Transport plans to notify each city and province of the approved 2021 industrial complex designation plans (draft) on the 31st. Each city and province will announce the industrial complex designation plans and carry out their own approval procedures for each industrial complex in accordance with the "Act on Industrial Location and Development."

Kim Geun-oh, Director of the Industrial Location Policy Division at the Ministry of Land, Infrastructure and Transport, said, "We will comprehensively grasp the supply and demand status of industrial complexes by region and actively support the creation of industrial complexes tailored to regional characteristics to strengthen local job creation and industrial competitiveness."

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