Secondary Battery Material Company Invests 51 Billion KRW in Gwangyang Port Hinterland Complex

Port Authority Signs Lease Agreement for Sepung Hinterland Complex Tenants

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] Yeosu Gwangyang Port Authority (President Park Seong-hyun, YGPA) announced on the 8th that it has signed a lease contract with ㈜CIS Chemical, the first tenant company of the Se-pung Port Hinterland Complex in Gwangyang Port.

The Se-pung Port Hinterland Complex is a site where YGPA purchased the Se-pung Industrial Complex near Gwangyang Port (total 333,000㎡) since 2019, considering location conditions, supply timing, economic feasibility, and future expansion, to expand the designation of port hinterland complexes.

[Photo by Yeosu Gwangyang Port Authority]

The Se-pung Industrial Complex site purchased by YGPA was designated as a Type 1 port hinterland complex in December last year, reflected in the 4th Comprehensive Plan for Port Hinterland Complex Development.

The newly entering ㈜CIS Chemical plans to build a factory on a 10,000-pyeong site and mass-produce high-purity alumina and secondary battery additives, as well as key precursor materials for secondary battery cathode manufacturing such as nickel, cobalt, and lithium, with a total investment amount of 51 billion KRW.

A YGPA official stated, “Thanks to the reduction in logistics costs through Yeosu and Gwangyang Ports, we were able to successfully attract tenant companies,” and added, “We will continue to promote investment attraction of excellent manufacturing and logistics companies in the Gwangyang Bay area and make every effort to create stable port cargo volume and revitalize the local economy despite worsening domestic and international conditions.”

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