The Business-Friendly City 'Pohang' Achieves Record-Breaking Investment Attraction This Year

2023 Gyeongbuk Province Investment Attraction Awards: City and County Local Governments, Public Officials Win Grand Prize for 3 Consecutive Years

Mayor Lee Kang-deok: "We Will Do Our Best to Provide Customized Administrative Support to Encourage Ex

Pohang City demonstrated its status as a ‘business-friendly city’ by achieving a record-high investment attraction performance of 7.4 trillion KRW this year.

Pohang City, having won the 'Gyeongbuk Province Investment Attraction Award' in the city/county local government and public official categories for three consecutive years, is commemorating the achievement with a photo taken on the 20th by Mayor Lee Gang-deok of Pohang and the staff of the Investment Enterprise Support Division.

On the 19th, the city won the grand prize for three consecutive years in the city/county local government and public official categories at the ‘2023 Gyeongbuk Province Investment Attraction Awards’.

Pohang City received excellent evaluations across all categories, including the record-high investment attraction performance of 7.4 trillion KRW, new job creation, customized corporate attraction strategies, infrastructure improvement, and strengthened aftercare, winning the grand prize in the city/county local government category. In the public official category, Kim Young-eun, an officer in charge of investment enterprise support, was honored with the grand prize.

Additionally, in the investment enterprise category, ‘Ecopro Innovation,’ a tenant company in Yeongilman 4 Industrial Complex, received the excellence award.

Ecopro Innovation, which relocated its headquarters to Pohang in July 2021, is a company that processes, manufactures, and produces high-purity lithium, a core material for secondary batteries. It invested 190 billion KRW in Yeongilman 4 Industrial Complex, creating over 100 quality jobs, and is currently making an additional new investment worth 380 billion KRW in the Blue Valley National Industrial Complex.

Since 2014, the city has attracted a total investment of 16.5 trillion KRW over ten years, with this year alone achieving a record-high investment attraction of 7.4 trillion KRW, expected to create more than 3,000 jobs.

Major large-scale investment achievements include POSCO Future M (including Huayou Cobalt JV) with 2.5 trillion KRW (secondary batteries), Ecopro with 3 trillion KRW (secondary batteries), SK Ecoplant with 1.5 trillion KRW (data center), and Dongkuk Industries with 100 billion KRW (secondary batteries), totaling 5.6 trillion KRW in the secondary battery sector.

Based on these large-scale investments by anchor companies in the secondary battery sector, the city is accelerating the establishment of a secondary battery advanced strategic industry specialized complex, the groundbreaking of an electric vehicle battery resource recycling cluster, and is expected to significantly contribute to strengthening the competitiveness of new growth industries in the Blue Valley National Industrial Complex, along with the steel pipe technology center and hydrogen cluster construction projects.

Mayor Lee Kang-deok stated, “We will continue to communicate with companies to ensure that competitive and excellent companies with significant regional economic ripple effects can invest in the region, and we will do our best to establish a solid industrial ecosystem foundation and provide customized administrative support for companies.”

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