Gwangyang Bay Area Free Economic Zone Unveils Hydrogen Industry Investment Attraction Strategy

Final Report Meeting Held for 'Gwangyang Bay Area Hydrogen Industry Infrastructure Construction and Corporate Attraction Strategy Establishment Project'

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Song Sang-rak, hereinafter referred to as Gwangyang Economic Authority) announced on the 21st that it held the final report meeting for the "Establishment of Hydrogen Industry Infrastructure and Corporate Attraction Strategy in the Gwangyang Bay Area" project in the situation room on the 2nd floor of the Gwangyang Economic Authority.

About 15 people, including public officials from related departments of the Gwangyang Economic Authority and external advisory committee members, attended the report meeting.

On that day, the officials presented a phased ecosystem creation plan considering economic feasibility and technological capabilities based on the government's hydrogen economy policy.

They established a foreign investment attraction strategy according to strategic priorities and announced plans for building a region-customized hydrogen industry infrastructure considering the hydrogen value chain and for domestic and international investment attraction activities.

In particular, they introduced an investment proposal containing various materials such as the blueprint for the hydrogen industry cluster in the Gwangyang Bay Area, the current status of related industries, and corporate investment incentives.

The investment proposal will be used as promotional material by the Gwangyang Economic Authority to attract hydrogen industry companies and will be delivered to KOTRA in the future to be shared with overseas trade centers worldwide to promote global corporate attraction activities in the Gwangyang Bay Area.

Song Sang-rak, Commissioner of the Gwangyang Economic Authority, said, "We will focus on creating infrastructure that can enhance the global competitiveness of the hydrogen industry in the Gwangyang Bay Area," adding, "By attracting excellent related companies, we will contribute to regional economic development through the influx of specialized personnel and technology, as well as an increase in cargo volume at Gwangyang Port."

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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