Muan-gun Signs 40,000㎡ Aviation Industrial Complex Land Sale Contract with West Sea Regional Coast Guard Headquarters

The West Sea Regional Coast Guard Agency signed a sales contract for industrial facility sites within the Muan Aviation Specialized Industrial Complex. / ⓒ Asia Economy

[Muan＝Asia Economy Honam Reporting Headquarters Reporter Oh Hwan-joo] Jeonnam Muan-gun (Governor Kim San) announced on the 19th that it signed a sales contract with the Seohae Regional Coast Guard at the county office situation room for industrial facility land within the Muan Aviation Specialized Industrial Complex.

Muan-gun and the Seohae Regional Coast Guard have been steadily cooperating for the development of maritime aviation and revitalization of the local economy since May 2019, starting with a business agreement for the creation of the Muan Aviation Specialized Industrial Complex and the establishment of an integrated aviation base for the Coast Guard.

The contract covers Block 5 (approximately 40,000㎡) of industrial facility land related to aviation within the Aviation Specialized Industrial Complex, with a total contract amount of about 6.27 billion KRW, of which the Seohae Regional Coast Guard will pay approximately 3.14 billion KRW.

Until now, fixed-wing and rotary-wing aviation units have been separately operated in four locations including Muan, Mokpo, and Yeosu, causing difficulties in efficiently managing maritime police aviation security resources.

Therefore, the Seohae Regional Coast Guard plans to establish a core aviation foundation for the Coast Guard by starting with fixed-wing maintenance facilities on the land to be developed through this contract and ultimately building an integrated aviation base.

Furthermore, Muan-gun’s Aviation Specialized Industrial Complex project has gained momentum following the Ministry of Land, Infrastructure and Transport’s announcement of a plan to strengthen competitiveness by expanding the aviation maintenance (MRO) industry to a scale of 5 trillion KRW by 2030.

Governor Kim San said, “Since signing the memorandum of understanding (MOU) with the Seohae Regional Coast Guard, which is responsible for maritime safety, in 2019, trust between the two organizations has been built, resulting in this valuable achievement of contract signing. We will work together to establish a foundation so that aviation maintenance technology, which was previously dependent on overseas sources, can be established domestically.”

Meanwhile, Muan-gun is developing a 350,000㎡ Aviation Specialized Industrial Complex in the Piseo-ri area of Mangun-myeon as a regional specialized leading project for the future aviation industry, and is also promoting the sale of industrial facility land covering about 270,000㎡ within the complex.

Muan＝Asia Economy Honam Reporting Headquarters Reporter Oh Hwan-joo ohj1358@asiae.co.kr

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