Gyeongnam Goseong Emerges as a Drone Specialized Zone... Designated as an Investment Leading District

Gyeongnam Goseong Unmanned Aerial Vehicle Complex Town Investment Leading District

On the 28th, the Ministry of Land, Infrastructure and Transport announced that it has designated the Goseong Unmanned Aerial Vehicle (UAV) Comprehensive Town, applied for by Gyeongsangnam-do, as an Investment Leading Zone to enhance the competitiveness of the UAV industry and revitalize the regional economy.

The Investment Leading Zone system is designed to focus support on strategic projects in regions with development potential, activate private investment, and foster these areas as regional growth hubs. Since designating 13 zones starting in 2016, it has supported smooth project implementation through tailored financial input and regulatory exemptions based on local conditions.

Once designated as an Investment Leading Zone, projects can receive financial support and tax reductions, as well as a package of various regulatory exemptions such as relaxed building-to-land ratio and floor area ratio, and approval waivers to facilitate smooth project progress.

The Goseong UAV Comprehensive Town Investment Leading Zone project aims to create an industrial complex where all stages related to UAVs?including research and development, manufacturing, and test flights?are concentrated, linked with currently established UAV facilities such as drone airfields.

Goseong County and the Korea Land and Housing Corporation, as project implementers, plan to invest 91.2 billion KRW on a 370,000㎡ site to build an integrated ecosystem foundation for the UAV industry, one of the key new industries of the Fourth Industrial Revolution.

The Ministry of Land, Infrastructure and Transport plans to develop the domestic UAV industry’s production base by linking core UAV-related infrastructure such as the drone airfield (runway and control center) already established, the UAV integrated test facility (for parts and airframe quality testing) to be completed by the end of this year, and additional facilities added through the Investment Leading Zone designation, including a corporate support center and an industrial complex housing related companies.

Recently, the regional economy has been facing a deepening crisis, including a sharp decline in employment, due to the prolonged recession in Goseong’s traditional main industries of shipbuilding and marine industries.

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