Industrial Complex Environment Improvement Fund Private Investors Public Offering... 150 Billion KRW Policy Fund Support

Namdong National Industrial Complex located in Incheon. The photo is unrelated to the specific expressions in the article.
Photo by Asia Economy DB

[Asia Economy Reporter Lee Junhyung] The Korea Industrial Complex Corporation announced on the 11th that it is inviting private businesses to participate in the '2021 Industrial Complex Environmental Improvement Fund.' The application period is until the 21st of next month.

The Industrial Complex Environmental Improvement Fund is based on government fund contributions. It combines private investment funds attracted to build facilities necessary for improving aging industrial complexes and upgrading industries. The project aims to strengthen the competitiveness of industrial complexes and improve working and residential environments.

This year, the fund's investment targets include 52 industrial complexes in the Seoul Digital, Namdong, Banwol-Sihwa metropolitan areas, 83 industrial complexes in the Honam and Yeongnam regions, and 34 industrial complexes in the Gangwon and Chungcheong regions. Over the past 10 years, the Korea Industrial Complex Corporation has invested 808.1 billion KRW of government funds in 51 projects such as knowledge industry centers and worker officetels, generating a total of 4.1965 trillion KRW in new investments.

The investment areas include ▲ Smart Green Industrial Complexes ▲ Industrial cluster advancement such as advanced factories, knowledge industry centers, and logistics facilities ▲ Residential convenience and culture such as dormitory-type officetels, cultural and convention facilities ▲ Industrial infrastructure such as water supply, transportation and communication, and energy support facilities. Previously, the main investment areas were restructuring site development and real estate development projects through collaboration between public and private businesses. However, from this year, Smart Green Industrial Complexes including smart convenience facilities, smart startup centers, renewable energy, and data centers have become the main investment areas.

Kim Jeonghwan, Director of the Korea Industrial Complex Corporation, said, "From this year, the fund operation period has been extended to a maximum of 20 years, allowing for concentrated investment in long-term projects such as infrastructure and eco-friendly energy," adding, "We will actively support discovering ideas from tenant companies and other private businesses and promoting projects."

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