Changwon Special City Completes Land Sale for Changwon Angol General Industrial Complex Usage Sites

Mutual Growth Agreement with 12 Confirmed and Prospective Resident Companies

On the 13th, Changwon City in Gyeongnam held a win-win development agreement ceremony with 12 companies confirmed to move into the Changwon Angol General Industrial Complex at the City Hall 3rd Conference Room.

The ceremony was attended by Hong Nam-pyo, Mayor of Changwon, and more than 20 related personnel including CEOs of the 12 companies, who agreed to closely cooperate so that the city and companies can grow together through the development of the Angol General Industrial Complex.

Changwon Special City Signs Win-Win Agreement with Prospective Tenants of Angol General Industrial Complex.

The 12 companies that signed the win-win agreement with the city on this day include 5 manufacturing companies such as Masters Shipping & Aviation and 7 logistics companies such as Daedong, among which 7 are companies from outside the region. They decided to invest because the Angol Industrial Complex is adjacent to Busan New Port, which has the largest cargo volume in Korea, and is considered the optimal location for manufacturing and logistics export-import due to the upcoming opening of Gadukdo New Airport and Jinhae New Port.

The Angol General Industrial Complex is a general industrial complex being developed on a 240,384㎡ site at San 59, Angol-dong, Jinhae-gu, Changwon City, and is scheduled for completion by the end of this year. By developing the Angol area as production land and linking it with the adjacent Busan New Port and its hinterland complexes, it is expected to revitalize the regional economy and create direct and indirect jobs, ensuring sustainable growth.

Among the development area of the Angol Industrial Complex, the industrial facility site covers 144,657㎡. Due to its solid ground and excellent industrial infrastructure, all lots have been sold, and manufacturing and logistics companies from both inside and outside the region are waiting to move in with investment plans totaling 200 billion KRW and creating 190 new jobs.

Mayor Hong said, “Once the Angol General Industrial Complex is fully operational, it is expected to greatly contribute to the economic revitalization of the eastern Jinhae area through large-scale production inducement effects and new job creation,” and added, “We thank the companies that decided to move into and invest in the Angol Industrial Complex, and we will spare no administrative support to ensure smooth implementation of future investments.”

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