Chungnam Province to Develop Daesan Green Complex Industrial Park... "Expansion of Petrochemical Industry"

Chungnam Province is set to develop the Daesan Green Complex Industrial Park. The creation of this industrial park is expected to serve as a catalyst for expanding the petrochemical industry in the Chungnam region.

On the 20th, Chungnam Province announced that by 2027, it will establish the ‘Daesan Green Complex General Industrial Park’ in the Daejuk-ri area of Daesan-eup, Seosan City.

Location map of Daesan Green Complex Industrial Park. Provided by Chungnam Province

The Daesan Green Complex will be developed on a total site area of 2.26 million square meters (680,000 pyeong) with a budget of 712 billion KRW. Of this, 1.42 million square meters (430,000 pyeong) will be designated for industrial facilities.

Daesan is recognized as one of the top three petrochemical complexes nationwide. It is already home to a large-scale industrial complex where companies such as Hyundai Oilbank, LG Chem, Lotte Chemical, Hanwha Total, KCC, Korea National Oil Corporation, and over 60 small and medium-sized enterprises operate.

In addition, as around 40 companies have expressed interest in settling in the Daesan petrochemical complex, the need for additional industrial park development has emerged. This is the background behind Chungnam Province’s decision to create the Daesan Green Complex.

Once the Daesan Green Complex is completed, Chungnam Province expects it to meet the long-standing demand for industrial park expansion and provide a stepping stone to elevate the industrial economy of Seosan, one of the country’s top three petrochemical complexes, to the next level.

The anticipated economic ripple effects from the additional industrial park development include a production inducement effect of 4.8 trillion KRW, an employment inducement effect of 700 billion KRW, and a value-added amount of 1.4 trillion KRW.

Kwon Kyung-seon, Director of Corporate Support at Chungnam Province, stated, “Using the establishment of the Daesan Green Complex as a foundation, we will expand and advance the local petrochemical industry to secure future growth industries for the region. Chungnam Province will actively cooperate to ensure that companies wishing to settle in the Daesan petrochemical complex can do so in a timely manner.”

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