Ministry of SMEs and Startups "Cooperation for Success of Jeonnam Global Innovation Zone"... DC Industry Meeting Held

Sharing Business Status, Promotion Direction, and Future Schedule
Rapid Practical Consultation with UL Solutions

The Ministry of SMEs and Startups announced that on the 8th, it held a meeting to listen to the on-site voices of DC industry SMEs at the Energy Valley Enterprise Development Institute located in Naju City within the Jeonnam Global Innovation Zone, in cooperation with Jeollanam-do.

Minister Oh Young-joo of the Ministry of SMEs and Startups. Photo by Kang Jin-hyung aymsdream@

The Global Innovation Zone is a cluster where minimal regulations (negative regulations) and global standards such as demonstration, certification, permits, and insurance are applied to develop new products and services in advanced fields and to expand overseas. The Ministry of SMEs and Startups officially designated Jeonnam (DC industry) as such a zone on the 30th of last month.

About 40 representatives from institutions and companies including the Ministry’s Special Zone Policy Division, Jeollanam-do, Naju City, UL Solutions, Korea Electric Power Corporation, and Green ENS attended the meeting. They shared the current status and direction of the special zone project, upcoming schedules, and conducted a Q&A session with business representatives.

The companies conveyed difficulties they experience on-site, such as the absence of domestic regulations and systems for DC distribution network technology, acquiring certifications for overseas expansion, and support for international joint research and development (R&D), as well as improvements and preparations needed to advance their businesses.

A representative from the Ministry’s Special Zone Policy Division stated, “We will closely cooperate with Jeonnam Province and Naju City regarding the companies’ difficulties and suggestions,” and added, “We will continue to collaborate to ensure the successful promotion of the Global Innovation Zone.”

The Ministry plans to promptly proceed with practical consultations with UL Solutions to support consulting for certification acquisition in the U.S. for companies participating in the Jeonnam DC Industry Global Innovation Zone. UL Solutions is a U.S. safety standards development and certification company, and to enter the U.S. market, it is advantageous to test compliance with safety regulations and obtain certification according to UL standards.

Jeonnam Province emphasized, “As carbon neutrality has become the world’s ideology and goal, the world is expanding the proportion of renewable energy for carbon neutrality,” and added, “Since there are no regulations for DC distribution, we will listen carefully to on-site voices and work together to successfully lead the DC Industry Global Innovation Zone.”

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