Pohang City Establishes Master Plan for Future New Industry Development... Accelerating Completion of 'Yeongilman Valley'

Kick-off Meeting for the Establishment of a Master Plan for Innovation New Industry Ecosystem Expansion and Development Strategy

Completion of Innovation Industry Ecosystem Including Secondary Battery Specialized Complex and Setting Systematic Mid-

On the 9th, Pohang City held a kickoff briefing session for the 'New Industry Development Strategy Master Plan Establishment Project' in the city hall's main conference room to establish a development strategy for fostering future new growth industries.

On the 9th, Pohang City held a kickoff briefing for the "New Industry Development Strategy Master Plan Establishment Project," aimed at establishing development strategies to foster future new growth industries, at the city hall's main conference room.

The briefing session was held with representatives from companies, universities, research institutes, and related organizations attending to establish a systematic and rational mid- to long-term plan for completing an innovative industrial ecosystem, including the secondary battery specialized complex, bio-hydrogen cluster, opportunity development special zone, and corporate innovation park.

At the briefing, the Korea Institute for Industrial Economics and Trade (KIET) presented an analysis of the central government's industrial promotion policies and conditions related to Pohang's three major new industries: secondary batteries, bio, and hydrogen. They also discussed Pohang City's sustainable growth plans through innovation growth competitiveness analysis and proposed directions for discovering and developing new industries for sustainable development.

Following this, a panel discussion on 'Pohang City's Three Major Industry Promotion Strategies' took place. Dr. Hong Jin-ki from KIET chaired the session, with participation from location experts Dr. Jang Cheol-soon and Dr. Lee Yoon-seok of the Korea Research Institute for Human Settlements (KRIHS), industry experts including Seo Dong-kyung, head of the Daegu Research and Development Special Zone, and Kim Sang-gon, center director of Gyeongbuk Technopark, engaging in a lively discussion on Pohang City's three major industry promotion strategies.

Earlier this year, the city achieved investment attraction results worth 5 trillion KRW in the secondary battery sector alone during the first half, and in response to the rapidly increasing demand for industrial complexes, Mayor Lee Kang-deok presided over a countermeasure meeting in January to secure industrial land for the expansion of new growth industries.

Through this countermeasure meeting, the city recognized the necessity of restructuring the industrial structure and establishing a roadmap for new industry development to proactively respond to the surging demand for industrial land, especially in secondary batteries with abundant future growth potential, and to actively comply with government policies for fostering new industries, thereby securing Pohang City's future growth engines.

Accordingly, Pohang City plans to prepare a feasible new industry development strategy master plan that responds to rapidly changing domestic and international industrial trends, including ▲designation of a national advanced strategic industry specialized complex for secondary batteries ▲designation of a hydrogen fuel cell power generation cluster ▲establishment of a green bio venture campus ▲creation of a bio-health industry ecosystem through the establishment of a research-oriented medical school ▲development of a global corporate innovation park. Considering the lengthy time required for various impact assessments, permits, and approvals for industrial complex development, the city plans to proceed swiftly with procedures to secure new industrial land through proactive measures.

An official from KIET participating in this project stated, “Pohang is an optimal location for future industries with a well-established new industry ecosystem including research institutions, new industry companies, and global talent development,” and added, “We will do our best to establish a plan that utilizes regional innovation resources to become a leading model of a self-sustaining local city.”

Mayor Lee Kang-deok emphasized, “Pohang is currently at a critical juncture where it must build an innovative convergence ecosystem combining future new industries and startup hubs, create differentiated living conditions that global talents desire, and complete the Yeongilman Valley as a global advanced industry center,” adding, “Through the master plan establishment project, we will derive the development direction for the sustainable Yeongilman Valley for the next 100 years and prioritize preparations for securing industrial land, mobilizing all administrative power to proceed swiftly.”

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