Pohang City Develops Future New Industry Strategy to Enhance Urban Competitiveness

‘Interim Report Meeting on Establishing the Master Plan for New Industry Development Strategy’ Held

Diversifying Industrial Structure, Building Innovation Ecosystem, Securing Urban Competitiveness

Mayor Lee: “Creating Jobs, Improving Living

On the 15th, Pohang City held an interim report meeting for the ‘New Industry Development Strategy Master Plan Establishment’ in the city hall’s mid-sized conference room to proactively respond to industrial changes and secure urban competitiveness.

On the 15th, Pohang City held an interim report meeting for the new industry development strategy master plan project in the city hall conference room.

Since May last year, the city has been working with the Korea Institute for Industrial Economics and Trade (KIET) on the ‘Master Plan Establishment for Fostering Future New Growth Industries.’ They have gathered various opinions to prepare a systematic new industry development strategy through ▲ meetings between local new industry innovation institutions and relevant departments ▲ expert advisory meetings on industrial sites ▲ corporate demand surveys, in-depth interviews, and questionnaires.

At the report meeting, based on the opinions collected so far, time was spent analyzing the local economy, regional industries, and innovation growth competitiveness, and discussing strategies for fostering new industries.

At the meeting, KIET presented innovation growth strategies including ▲ establishing a virtuous cycle mechanism for the local economy ▲ promoting technology commercialization based on startups ▲ transitioning regional industries centered on new industries, emphasizing the promotion of an ‘innovation convergence ecosystem’ through close networking with related institutions possessing top-level technological innovation capabilities.

Additionally, the analysis of new industries based on industrial clusters identified secondary batteries, hydrogen industry, bio, steel industry, and ICT convergence intelligent robot industry as key sectors. In-depth discussions were also held on various response measures by industry, phased tasks, and securing land for new industries.

The meeting agreed on promoting leading projects such as ▲ the Yeongilman Specialized Complex ▲ Global Corporate Innovation Park ▲ expansion of the Free Economic Zone ▲ additional designation of national industrial complexes, and emphasized the need to promptly secure industrial land in response to corporate demand.

Furthermore, comprehensive reviews of conditions such as site regulations, metropolitan transportation, residential environment, and resident acceptance were conducted to create an industrial spatial structure linked to Pohang City’s current issues, including the establishment of a secondary battery industry mega cluster and the creation of the East Sea Rim bio-industry convergence cluster. Discussions also continued on securing infrastructure for a roadmap to expand future advanced industries throughout Pohang City.

Mayor Lee Kang-deok stated, “We are focusing administrative power to build a future new industry innovation ecosystem and become a dignified city with the highest level of residential conditions,” adding, “Based on the new industry development strategy master plan, we will promptly develop industrial land to form a virtuous cycle structure for global urban growth.”

Last year, Pohang City achieved corporate investment attraction results amounting to 7.4 trillion won, and most of the industrial complexes within the 12 million pyeong area were sold out.

Moreover, in preparation for urban population growth due to the influx of new industries, the city is promoting large-scale private investment attraction for complex tourism facilities such as golf courses, luxury hotels, and resorts, dedicating efforts to securing urban competitiveness through job creation and establishing high-quality residential conditions.

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