Jeonnam Governor Kim Young-rok's Broad Actions to Drive Jeonnam Development

Meeting with Lee Young-jun, CEO of Lotte Chemical Co., Ltd... Discussing Investment Plans

[Muan=Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Kim Young-rok, Governor of Jeonnam Province, is showing an extensive campaign to drive the development of Jeonnam.

On the 10th, Governor Kim met with Lee Young-jun, CEO of Lotte Chemical Corporation, at Lotte Hotel in Seoul to discuss investment plans for new industries in the Gwangyang Bay area of Jeonnam.

The meeting was held at the request of Governor Kim, who believes that attracting advanced and large-scale companies is very important to bring young people back to Jeonnam and provide quality jobs to the residents.

Lotte Chemical Corporation is a leading domestic petrochemical company with five factories including the Yeosu National Industrial Complex and 26 overseas production bases, consistently achieving annual sales of over 12 trillion won.

Recently, through the ‘ESG Management and VISION 2030 Declaration,’ the company is planning new business strategies such as business diversification to transform into an eco-friendly global company.

Governor Kim said, “We appreciate Lotte Chemical’s contribution to regional development through the operation of the Yeosu plant,” and added, “We request early investment in the Gwangyang Bay area in the high-functionality engineering plastics sector, which can create large-scale employment.”

He also emphasized, “I strongly recommend the Yeosu Industrial Complex, which has the largest domestic by-product hydrogen production, as the starting point for new hydrogen business in the future hydrogen sector presented in Lotte Chemical’s ‘Eco-friendly Hydrogen Growth Roadmap.’”

In response, CEO Lee said, “We will do our best to contribute not only to job creation and revitalization of the local economy through our business in Jeonnam but also to achieving ‘Jeonnam 2050 Carbon Neutrality.’”

The Gwangyang Bay area, home to the Yeosu National Industrial Complex, Gwangyang Port, POSCO Gwangyang Steelworks, and POSCO Chemical, is considered the optimal location for establishing a full-cycle industrial cluster in the secondary battery and hydrogen sectors.

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