Master Plan for New Industries for the Next 100 Years... Pohang Holds Final Report Meeting

Key Strategies for Diversifying Industrial Structure Around New Industries and Securing Land for Emerging Sectors

Building an Innovative Ecosystem for New Industries to Enhance Pohang's Urban Competitiveness in the Era of Regional Development

A blueprint for a master plan to lead the next 100 years and advance the new industry ecosystem in Pohang City, paving the way for the era of local autonomy, has been unveiled.

On the 16th, the city held a final report meeting for the 'New Industry Development Strategy Master Plan Establishment' in the main conference room at City Hall.

On the 16th, Pohang City held the final report meeting for the 'New Industry Development Strategy Master Plan Establishment' in the City Hall conference room.

In May last year, the city, together with the Korea Institute for Industrial Economics and Trade (KIET), launched a project to establish a master plan for fostering future growth industries. This project aimed to proactively respond to changes in industrial structure centered on new industries and to develop step-by-step strategies for securing sites for new industries, in order to become a leading growth hub city in the era of local autonomy.

On this day, KIET identified five key industries through its research: secondary batteries, hydrogen, bio, advanced steel, and digital convergence, all based on industrial clusters. The institute also proposed strategies for Pohang to become an advanced high-tech hub city by building an innovation ecosystem based on these new industries.

Through the project, the basic direction was set as a "regional virtuous cycle growth pilot city leading the era of local autonomy" by forming a virtuous cycle structure for urban growth through the establishment of "new industry hub zones" and innovation in industrial and residential conditions.

The "three major new industry hub zones" were announced as follows: ▲ Jigok Valley centered on bio and IT, ▲ Blue Valley centered on secondary batteries and hydrogen industry, and ▲ Yeongilman Valley as a global business hub.

Additionally, the report introduced major cases of innovation ecosystem creation in overseas cities, such as: ▲ the battery industry ecosystem centered on global foreign investment companies in Debrecen, Hungary, ▲ the medical and scientific innovation ecosystem in Munich, Germany, and the young engineer-led innovation ecosystem in Aachen, ▲ and the "Brainport Eindhoven" strategy in the Netherlands, which is focused on innovative talent.

By applying these cases to Pohang, the report emphasized the importance of: ▲ establishing a one-stop investment attraction system for the global expansion of the secondary battery value chain, ▲ upgrading the industrial structure through the attraction of the POSTECH medical school and convergence of medical science and technology, and ▲ realizing the convergence of business, culture, and arts functions in the enterprise innovation parks that serve as core "brains" in each hub zone.

The manual for fostering global innovation clusters centered on new industries was established, presenting the components, vision, implementation strategies, and tasks for the five identified new industries. A total of 27 detailed project initiatives were planned and discovered within the five major new industries, and the economic ripple effects were analyzed and announced: a production inducement effect of 2.453 trillion KRW and an employment inducement effect of 13,090 jobs.

In particular, regarding the phased implementation plan for industrial complexes and rapid securing of industrial land to meet corporate demand, the first phase will include four leading projects totaling approximately 4 million pyeong: ▲ creation of the Yeongilman specialized complex, ▲ establishment of a global enterprise innovation park, ▲ expansion of the second phase of the Free Economic Zone, and ▲ expansion of the Blue Valley National Industrial Complex.

Furthermore, by comprehensively reviewing conditions such as metropolitan transportation, residential environment, and resident acceptance, the second and third phase master plans will prepare for future new industry demand and expand the innovation cluster to approximately 11 million pyeong. The "4 Port" strategy (Air-port, Ex-port, Data-port, Inno-port) was proposed, in which both the old and new downtown areas of Pohang will expand in connection with new industries.

Vice Mayor Jang Sangkil said, "Pohang is achieving great results as a city with a specialized secondary battery complex, selection as a global enterprise innovation park, and the best possible living conditions for residents. Based on this master plan, we will further advance the new industry ecosystem, secure global competitiveness, and make Pohang the city of miracles leading the era of local autonomy in Yeongilman."

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