Comprehensive Government Support Measures
to Foster Advanced Industries

Won Hee-ryong, Minister of Land, Infrastructure and Transport, stated, "We will lift location regulations on greenbelts and farmland on the largest scale ever."


[Image source=Yonhap News]

[Image source=Yonhap News]

View original image


Minister Won made this announcement during a briefing related to the 'Advanced Industry Promotion Strategy Meeting' held at the Government Seoul Office on the 15th, saying, "We will comprehensively cover all government support measures."


On the same day, the government announced plans to establish new national industrial complexes in response to the advanced industry hegemony war. Accordingly, a total of 15 sites, covering approximately 12 million pyeong, will be developed nationwide to secure advanced industry hubs, which is more than any previous administration.


Regarding this, Minister Won explained, "In the Gyeonggi area, we will build a mega cluster in Yongin linked to the nearby semiconductor base to serve as a forward base for becoming a semiconductor superpower," adding, "In the Chungcheong area, four locations?Daejeon, Cheonan, Cheongju, and Hongseong?will be selected to foster mobility-centered industries such as future cars, nanotechnology, semiconductors, and railroads."


Additionally, in the Honam region, four sites?Gwangju, Goheung, Iksan, and Wanju?will be designated as regional future industry bases focusing on future cars, space, and food tech. In the Gyeongnam region, Changwon will support key industries such as defense and nuclear power to realize a second export renaissance. Furthermore, in Gangneung, Gangwon Province, a specialized natural bio base for pharmaceuticals and cosmetics will be established utilizing clean resources.


Minister Won stated that the new national industrial complexes will be promoted swiftly and reliably through four strategies. Along with easing location regulations, he said, "To build a complete industrial ecosystem, we will maximize investment effects by linking the entire cycle of technology development, demonstration, production, and distribution based on existing industrial hubs."


He also said, "We will significantly shorten project periods through expedited preliminary feasibility studies and prior consultations for permits," adding, "Through smart green industrial complexes equipped with eco-friendly and low-carbon facilities, we will drastically reduce greenhouse gas emissions."


The government plans to immediately activate the pan-government advanced industry belt promotion support team to ensure the prompt implementation of the measures announced that day. It also promised to complete the groundbreaking of the industrial complexes within the current government term.



Minister Won concluded, "We will faithfully carry out the establishment of the national advanced industry belt to secure global leadership in advanced industries and create a second Miracle on the Han River."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing