Naju-si, Ministry of Industry Selects 28 Energy-Specialized Companies

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Naju City, Jeollanam-do (Mayor Kang In-gyu) announced on the 7th that 28 companies located in Naju within the Gwangju-Jeonnam Energy Industry Convergence Complex have been selected as energy-specialized companies by the Ministry of Trade, Industry and Energy.

Energy-specialized companies are selected based on a comprehensive evaluation of technological level, management capability, and linkage with key industries among companies residing in the Energy Industry Convergence Complex, whose energy industry and related industry sales account for more than 50% of total sales, according to the "Special Act on Designation and Promotion of Energy Industry Convergence Complexes."

For designation as an energy-specialized company, a total of 84 companies applied from six nationwide energy industry convergence complexes (Gwangju-Jeonnam, Jeonbuk, Gyeongbuk, Gyeongnam, Busan-Ulsan, Chungbuk), of which 62 companies were finally selected.

Earlier, since January, the city conducted non-face-to-face promotions centered on Jeonnam Technopark and the corporate council, resulting in 39 companies applying, and among them, 28 companies?the highest number nationwide?were selected, achieving a remarkable success.

The selected companies receive benefits such as local tax reductions, an additional 2% support rate for local investment promotion subsidies, and up to 2 bonus points when participating as the lead institution in Ministry of Trade, Industry and Energy research and development projects.

Currently, a bill to amend the "Special Act on Designation and Promotion of Energy Industry Convergence Complexes" to expand effective support for energy-specialized companies has been proposed and is underway in the National Assembly.

The amendment includes preferential provisions such as special cases for national and public property, priority purchasing by public institutions, tax support, and employment subsidies.

The city plans to promote the "Energy Industry Convergence Complex Revitalization Support Project," investing a total of 7 billion KRW by 2024 to foster specialized companies within the energy industry convergence complex.

Through this, the city will promote research and development, workforce training, and corporate support, gather opinions from specialized companies and the energy corporate council, and actively propose various policies and projects to the government.

Mayor Kang In-gyu said, "The 28 energy-specialized companies designated this time are specialized in fields fostered within the energy industry convergence complex, such as smart grids and energy efficiency improvement, which will give momentum to building and revitalizing the convergence complex ecosystem. We will develop Naju into a global energy industry ecosystem hub through mutual linkage and development with the energy industry’s four complexes (special zones), including the energy industry convergence complex."

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