Yun Byeong-tae, Mayor of Naju, Accelerates Industrial Complex Investment Attraction and Agricultural Product Export

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Yoon Byung-tae, mayor of Naju, is garnering attention for his on-the-ground administrative efforts in the Seoul metropolitan area to attract investment from companies in the new energy industry sector and secure export channels for agricultural products.

According to the city on the 11th, Mayor Yoon met with Kim Hong-chul, CEO of Corid Energy Co., Ltd., at the Gwangju-Jeonnam Business Room on the 2nd floor of KTX Yongsan Station the previous day to propose investment attraction to the local industrial complex.

Corid Energy Co., Ltd., headquartered and with a factory in Gimpo, Gyeonggi Province, is a company that develops and produces the "Vanadium Redox Flow Battery" (VRFB), a next-generation energy storage device gaining attention.

Mayor Yoon actively appealed to CEO Kim about Naju’s investment conditions based on the advantages of forming an industry-academia-research-government cluster in the new energy industry, including Korea Electric Power Corporation headquarters and Korea Energy Engineering University, as well as administrative and financial support, proposing corporate investment attraction.

CEO Kim expressed great interest in Naju’s investment environment, which is building an ecosystem of related companies in the new energy industry centered on KEPCO, and showed willingness for continuous discussions regarding investment attraction.

Following this, Mayor Yoon moved to Seoul City Hall and met with Hwang Byung-guk, chairman of the Korean American Chamber of Commerce, and the Korean delegation to hold a preliminary meeting for the successful promotion of the "Naju Excellent Agricultural and Marine Products Export Promotion Event" scheduled to be held next month in Koreatown, Los Angeles, USA.

Mayor Yoon is scheduled to attend the export promotion event held in conjunction with the Korean Festival at Seoul International Park in Koreatown, Los Angeles, from the 21st to the 25th of next month, a 3-night, 5-day schedule.

At the preliminary meeting, the two discussed in depth the promotion and sales of local agricultural products and processed foods such as Naju pears and kimchi, as well as securing export channels for power equipment companies in Naju’s energy industry.

Mayor Yoon requested, "I ask for the active support of the Korean American Chamber of Commerce to secure export routes to the U.S. so that a virtuous cycle structure can be created, leading to increased corporate sales, job creation, corporate scale expansion, and revitalization of investment attraction."

Chairman Hwang also proposed to Mayor Yoon the development of an export complex for "Hojeopnan" orchids covering more than 10,000 pyeong in the Naju area, on the condition of full import.

Chairman Hwang further invited Mayor Yoon to the 23rd World Korean Business Convention scheduled to be held next year in Orange County, California, promising active cooperation to establish a foothold for overseas exports and global market entry of small and medium-sized enterprises in Naju.

Mayor Yoon Byung-tae said, "I will spare no effort in attracting excellent companies to build the foundation of the new energy industry in Naju and revitalize the local economy and employment," adding, "I will do my best to ensure that next month’s agricultural product promotion event in Koreatown, Los Angeles, leads to expanded sales channels for local specialty products and increased income for farmers."

Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong baekok@asiae.co.kr

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