Yeosu, Clear Signs of Economic Recovery

Both Production and Sales at Yeosu Industrial Complex Increase by Over 10%

[Asia Economy Honam Reporting Headquarters Reporter Shim Kyung-taek] It has been revealed that the overall economic recovery in the Yeosu area is clear, with both production and sales in the Jeonnam Yeosu National Industrial Complex rising by more than 10%.

According to the "2021 1st Quarter Yeosu Regional Economic Trend Report," which was investigated and analyzed by the Yeosu Chamber of Commerce and Industry on the regional economic trends for the 1st quarter of 2021, the production performance of the Yeosu National Industrial Complex in the 1st quarter was approximately 15.4247 trillion KRW, showing a 12.3% increase compared to the same period last year (13.736 trillion KRW), and a 26.2% increase compared to the previous quarter (12.222 trillion KRW).

Export performance also showed a clear recovery in the refining and petrochemical sectors, with exports reaching 5895 million USD, a 14.6% increase compared to the same period last year (5143 million USD), and a 31.7% increase compared to the previous quarter (4477 million USD).

The tax collection performance of Yeosu City in the 1st quarter, combining provincial tax, city tax, and arrears collection, was 101.7 billion KRW, showing a 9.1% increase compared to the same period last year. Among these, provincial tax collection decreased by 10.1% compared to the same period last year due to a decline in registration and license tax (provincial tax) (50.4 billion KRW), but city tax increased by 32.1% compared to the same period last year, reaching 49.2 billion KRW.

The fisheries industry recorded a catch volume of 10,322 tons in the 1st quarter, a 7.5% increase compared to the same period last year, while the auction amount was 39.8 billion KRW, a 2.0% decrease compared to the same period last year.

The number of railway passengers was 151,515 boarding passengers and 153,697 alighting passengers, showing a decrease of 29.4% and 27.8% respectively compared to the same period last year. Compared to the previous quarter, boarding and alighting passengers decreased by 8.4% and 8.1% respectively.

The number of passengers using Yeosu Airport was 211,616, an increase of 135.7% compared to the same period last year, but a decrease of 8.9% compared to the previous quarter.

Additionally, the number of tourists visiting Yeosu in the 1st quarter of this year was approximately 1.69 million, showing a 2.8% decrease compared to the same period last year.

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