Changwon Special City Initiates Early Normalization of Nuclear Power Industry

Industrial Bank and Nuclear Power Company Ecosystem Hold Agreement Ceremony to Strengthen Competitiveness

On the 13th at 1:30 PM, Changwon Special City in Gyeongnam signed a business agreement with KDB Industrial Bank at the Citizen Hall to strengthen the competitiveness of the nuclear power industry ecosystem.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] The first signal for the early normalization of the nuclear power industry, the No. 1 pledge project of the 8th term of the Changwon Special City in Gyeongnam, has been turned on.

On the 13th at 1:30 PM, the city signed a business agreement with KDB Industrial Bank at Citizen Hall to strengthen the competitiveness of the nuclear power industry ecosystem.

About 20 people attended the event, including Kang Seok-hoon, Chairman of Industrial Bank, Jeong Byeong-cheol, Vice President of the Small and Medium Enterprise Division, Park Young-sang, Director of Regional Growth Support Office, and representatives of local nuclear power partner companies.

The main contents of the agreement are ▲ development and support of products and services to establish policy finance support programs for nuclear power-related companies ▲ application of the best conditions for financial and non-financial services, permits, administrative and policy support for city-recommended companies ▲ establishment of internal and external cooperation plans for fostering the nuclear power industry and companies and conducting nuclear power industry-related research ▲ decision and execution of nuclear power export support strategies through participation in the Nuclear Power Export Strategy Promotion Team ▲ joint marketing and promotion to foster nuclear power industry companies in the Changwon area ▲ establishment of a permanent work cooperation channel and provision of proactive financial advice through dispatch of specialized bank staff.

According to the agreement, Industrial Bank will dispatch a Nuclear Finance Policy Officer to Changwon from August to provide financial consulting on special secondary interest support for nuclear companies, fund procurement for nuclear companies, and cooperate in creating an energy industry development fund to secure investment funds for nuclear companies and foster a financial environment for future energy industry entry.

The city plans to form a Nuclear Industry TF team by the end of this month to respond quickly to the demands of companies for fostering the nuclear power industry.

It will also make every effort to secure national funds to promote projects such as nuclear industry value chain analysis and nuclear company policy financial support programs in collaboration with Industrial Bank.

Mayor Hong Nam-pyo said, “The early restart of Shin Hanul Units 3 and 4 has given a breath of relief to local nuclear companies, but urgent and special measures are needed for nuclear companies to endure until they can feel the ripple effects of immediate work orders.”

He added, “This joint project with Industrial Bank will be established as a successful case of maintaining the lifeline of nuclear companies and supporting early normalization through financial support and customized financial consulting for the nuclear industry,” emphasizing, “We will restore the Changwon economy through the normalization of the nuclear power industry.”

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