Gyeongbuk Province to Develop Pohang Yeongilman and Blue Valley Industrial Complexes into a 'Green Convergence Cluster'

On the afternoon of the 14th, a rainbow appeared in the sky over Pohang, Gyeongbuk. [Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Gyeongbuk Province announced on the 21st that it plans to develop the Pohang Yeongilman and Blue Valley Industrial Complex areas into a battery-specialized green convergence cluster.

Once designated as a green convergence cluster, the national government and the local government will provide comprehensive support throughout the entire process, from developing advanced technologies through enterprise agglomeration and convergence, to demonstration and experimentation, and finally to commercialization and product manufacturing.

Resident companies will receive various benefits such as installation of infrastructure, priority use and fee reductions for research and demonstration facilities, and local tax reductions.

The Ministry of Environment plans to designate five leading fields as green convergence clusters by the end of this year when the "Act on the Creation and Promotion of Green Convergence Clusters" is enforced: clean air (Gwangju), biological materials (Incheon), thermal energy (Chuncheon, Gangwon), plastic recycling (Busan), and waste batteries (Pohang, Gyeongbuk), fostering them as regional growth hubs.

Ha Daesung, Deputy Governor for Economy of Gyeongbuk Province, stated, "If Pohang Yeongilman and Blue Valley Industrial Complex are designated as green convergence clusters, they will establish themselves as the core of the national battery industry," adding, "We will do our best to develop high-performance next-generation secondary battery technologies and build infrastructure to complete the Gyeongbuk-type battery (G-Battery)."

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