Gyeongbuk Province Confirms Plan to Designate 11 Industrial Complexes ... 5.8㎢ in 9 Cities and Counties

Following 6 Locations in 2020, 5 More Selected This Year

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gyeongsangbuk-do announced that it has finalized the 2021 industrial complex designation plan for 11 sites across 9 cities and counties within the province, including Gyeongju, Yeongcheon, and Gyeongsan, covering an area of 5.8㎢, and will officially notify it as of the 4th.

For the designation and development of industrial complexes, a comprehensive review of factors such as tenant demand, financing plans, and qualifications of project implementers must be conducted, followed by deliberation by the Ministry of Land, Infrastructure and Transport’s Industrial Location Policy Deliberation Committee. This committee has been operating since 2011 to address issues such as long-term unsold inventory due to oversupply of industrial complexes, complaints regarding incorporated sites, and abuses by speculative land investors.

The newly added industrial complexes for 2021 include four sites besides the Gyeongsan Sangnim Rehabilitation Industry Specialized Complex: Uiseong Bio Valley, Yeongcheon Kumho General Industrial Complex, Gunwi General Industrial Complex, and Yecheon 3rd Agricultural and Industrial Complex. The remaining six complexes were already included in 2020 and are currently underway.

In particular, the Gyeongsan Sangnim Rehabilitation Industry Specialized Complex will be developed by the Gyeongbuk Development Corporation as an R&D-driven innovation cluster equipped with rehabilitation-specialized functions and rehabilitation industry research spaces, utilizing the potential workforce and infrastructure related to rehabilitation medical care in the Daegu-Gyeongbuk region to prepare for a super-aged society.

The industrial complexes reflected in the designation plan will undergo final approval after administrative procedures such as resident briefings, environmental impact assessments, and consultations with related agencies, followed by deliberation by the Gyeongsangbuk-do Local Industrial Complex Planning Deliberation Committee composed of relevant experts.

Kim Gyu-yul, Director of the Urban Planning Division of Gyeongsangbuk-do, emphasized, "We plan to create industrial complexes related to bio-industry and rehabilitation-specialized industries suited to regional characteristics to generate local jobs and strengthen industrial competitiveness."

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