Yeosu Shows Clear Economic Recovery in Q2

Yeosu Chamber of Commerce Reports Over 80% Increase in Both Production and Exports of Yeosu Industrial Complex Compared to Same Period Last Year

[Yeosu=Asia Economy Honam Reporting Headquarters, Reporter Sim Kyung-taek] The economic outlook for the 2nd quarter in the Yeosu region of Jeollanam-do showed a clear recovery trend, with both production and exports in the Yeosu Industrial Complex rising by more than 80% compared to the same period last year.

According to the "2021 2nd Quarter Yeosu Regional Economic Trend Report," which was surveyed and analyzed by the Yeosu Chamber of Commerce and Industry, the production performance of the Yeosu National Industrial Complex in the 2nd quarter was approximately KRW 18.3978 trillion, an increase of 80.7% compared to the same period last year (KRW 10.1835 trillion).

It also increased by 19.3% compared to the previous quarter (KRW 15.4247 trillion), and export performance reached USD 706 million, up 92.6% from the same period last year (USD 366.5 million), and up 19.8% from the previous quarter (USD 589.5 million), showing a clear recovery in the refining and petrochemical sectors.

The tax collection performance of Yeosu City in the 2nd quarter, which combines provincial tax, city tax, and arrears collection, was KRW 167.2 billion, an increase of 15.3% compared to the same period last year. Among these, provincial tax collection was KRW 47.3 billion, up 1.3% year-on-year, and city tax was KRW 120 billion, with local income tax collection significantly increasing by 20.6% compared to the same period last year.

The fisheries sector recorded a catch of 7,157 tons in the 2nd quarter, a 2.0% decrease compared to the same period last year, and the auction amount was KRW 26.7 billion, down 9.8% from the same period last year.

The number of railway passengers in the 2nd quarter was 197,678 boarding and 202,048 alighting, showing an 8.3% increase in boarding and a 10.0% increase in alighting compared to the same period last year. Compared to the previous quarter, boarding and alighting increased by 30.5% and 31.5%, respectively.

The number of passengers using Yeosu Airport in the 2nd quarter was 314,640, an increase of 156.9% compared to the same period last year, and a 48.7% increase compared to the previous quarter.

Additionally, the number of tourists visiting Yeosu in the 2nd quarter this year was approximately 2.28 million, an increase of 29.6% compared to the same period last year.

Yeosu=Asia Economy Honam Reporting Headquarters, Reporter Sim Kyung-taek simkt7@asiae.co.kr

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