Government to Invest 1 Trillion KRW in Digital and Energy Facilities through Industrial Complex Environment Fund

Approximately 1 trillion KRW will be invested nationwide in the construction of low-carbon and digital facilities in industrial complexes, as well as the expansion of residential facilities for workers.

On the 9th, the Ministry of Trade, Industry and Energy announced that five new projects have been selected as priority candidates for investment under this year's Industrial Complex Environment Improvement Fund.

The newly selected projects include ▲ fuel cell power generation supporting low-carbonization of industrial complexes (Iksan 2nd General Industrial Complex) ▲ data centers, a core infrastructure for digital transformation (DX) (Busan Myeongji Noksan National Industrial Complex) ▲ rental dormitory and office complex facilities to improve working and residential conditions within the complex and support corporate activities (Iksan National Industrial Complex) ▲ hotel and logistics complex facilities (Seoul Digital National Industrial Complex) ▲ and smart farms (Wonju Munmak General Industrial Complex).

If these five projects are finalized, the Ministry of Trade, Industry and Energy expects a total investment of 1.0597 trillion KRW, combining 117 billion KRW in government budget and 942.7 billion KRW in private investment across the five industrial complexes.

An official from the ministry stated, "We plan to actively support the swift negotiation process with asset management companies and operators through the Korea Industrial Complex Corporation, the fund's managing institution, while ensuring that existing investment projects are completed without any setbacks."

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