Sancheong Herbal Medicine Industrial Zone Stands Out as an Excellent Zone for Two Consecutive Years

Evaluation Results of Ministry of SMEs and Startups Operations

The Only Designation in Gyeongnam...Minister's Commendation

Sancheong-gun, Gyeongnam Province, has been selected as an excellent special zone for two consecutive years.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] The Oriental Herbal Medicine Industry Special Zone in Sancheong-gun, Gyeongnam, has been selected as an excellent special zone for two consecutive years. Notably, it was the only special zone in the Gyeongnam area to be named an excellent special zone again last year.

According to Sancheong-gun on the 15th, the Ministry of SMEs and Startups announced that the 2022 Regional Specialized Development Special Zone Operation Performance Evaluation selected the Sancheong Oriental Herbal Medicine Industry Special Zone (hereafter Sancheong Yakcho Special Zone) as an excellent special zone (encouragement prize).

This evaluation highly praised achievements such as the successful hosting of the 21st Online Sancheong Oriental Herbal Medicine Festival and a 142% increase in sales of companies within the special zone despite the impact of COVID-19.

It also highly evaluated the contribution to revitalizing the local economy through the continuous and stable operation of the special zone, including strengthening corporate competitiveness by establishing an exception discovery system through the city/county/district regional business fostering project.

As a result, the Sancheong Yakcho Special Zone was the only one in Gyeongnam to be selected as an excellent special zone again this year.

Accordingly, Sancheong-gun participated in the award ceremony held on the 13th at the main auditorium of the Government Sejong Complex and received a ministerial citation and a prize money of 50 million won.

The award ceremony, hosted by the Ministry of SMEs and Startups, was attended by local governments selected as nine excellent special zones out of 195 regional specialized development special zones nationwide, where awards and exchanges took place.

Designated in 2005, the Sancheong Yakcho Special Zone is promoting six specialized projects including production, experience, tourism, recreation, medical care, and industry of oriental herbal medicine to foster an advanced oriental anti-aging industry through convergence of specialized businesses.

For 16 years since 2005, the special zone project has been promoted focusing on the oriental herbal medicine industry.

Previously, the Sancheong Yakcho Special Zone received the excellence award in 2009, encouragement award in 2012, grand prize in 2013, excellence award in 2018, and encouragement award in 2021.

Lee Seung-hwa, the county governor, said, “The Oriental Herbal Medicine Industry Special Zone, the driving force of Sancheong, the mecca of the oriental anti-aging industry, has been with Sancheong’s past and present and is a place with an even more promising future. The 2023 Sancheong World Traditional Medicine Anti-Aging Expo, to be held in the special zone next year, will be an opportunity for the industrialization and globalization of the special zone project and for Sancheong’s oriental anti-aging industry to leap onto the world stage.”

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