Kumho Petrochemical Group and Tongyeong City Jointly Apply for Complex Marine Leisure Tourism City Project

Kumho Tongyeong Marina Resort of Affiliate Kumho Resort
Optimizing the Role as a Key Hub for Marine Leisure Tourism City

Kumho Petrochemical Group announced on the 31st that it will participate in the contest for the complex marine leisure tourism city development project promoted by the Ministry of Oceans and Fisheries, together with Tongyeong City, Gyeongnam Province.

The complex marine leisure tourism city development project is one of the government's top 120 national tasks and aims to select five locations nationwide to create tourism cities equipped with complex marine contents for new marine industries. In relation to this, Tongyeong City plans to develop a marine leisure tourism theme city combined with southern coastal marine contents such as Hansando Island, Donam Tourist Site, and the Sanyang-eup area. Kumho Petrochemical Group has decided to participate in the investment plan to develop a stay-type complex leisure tourism site at Donam Tourist Site.

Kumho Tongyeong Marina Resort is the nation's first marina-based resort, featuring 272 condominium units and various yacht facilities. Regarding this contest project, they are reviewing a complex premium resort combining a new resort, yacht clubhouse, and entertainment. They plan to realize a marine-type marina resort by additionally securing new yachts.

Panoramic view of Kumho Tongyeong Marina Resort, Geumho-dong, Tongyeong-si, Gyeongnam [Photo by Kumho Petrochemical Group]

A group official said, "Kumho Tongyeong Marina Resort is optimized to serve as the core hub of the marine leisure tourism complex in every aspect, including location and scenery," adding, "Through this project, we will solidify Tongyeong’s status as a world-class tourist city and contribute to creating local jobs, generating various synergies."

Kumho Resort was acquired by Kumho Petrochemical Group in 2021. The company turned profitable in the first year of acquisition through bold investments to resolve the parent company’s past financial difficulties and expanded its profits the following year. The company stated that the judgment of Park Chan-gu, then chairman of Kumho Petrochemical Group, who anticipated the revival of the leisure and tourism industry after COVID-19, was effective.

Kim Seong-il, CEO of Kumho Resort, said, "Through participation in this contest project, we hope to contribute to Tongyeong being selected as a complex marine tourism city full of outstanding scenery and abundant attractions, and to widely promote its potential to become a global marine leisure tourism city."

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