Koo Chungon, Head of Gwangyang Free Economic Zone Authority: "All-In on Investment and Job Creation"

"Leading Regional Development
by Attracting Quality Companies"

Goo Chung-gon, Commissioner of the Gwangyang Bay Area Free Economic Zone Authority, expressed his determination in an interview with the media on the 10th, stating, "I am carrying out my duties with a strong sense of responsibility to drive investment and job creation for the revitalization of the local economy."

Commissioner Goo emphasized once again, "The Gwangyang Bay Area is a hub for advanced industries such as steel, petrochemicals, and secondary batteries," adding, "We are focusing on leveraging these strengths to the fullest to attract investment and create jobs."

Chung Goon Koo, Administrator of Gwangyang Bay Area Free Economic Zone Authority.

In fact, the Gwangyang Bay Area has grown around the Gwangyang Steelworks and the Yeosu Industrial Complex. With the natural advantages of Yeosu Gwangyang Port and an abundant workforce, operations can run 360 days a year.

In particular, the region has secured competitiveness in future growth industries such as secondary batteries and the hydrogen industry. Major secondary battery companies, including POSCO Future M, have moved in.

Furthermore, with its wind power potential, excellent logistics infrastructure, educational and living amenities, and beautiful natural environment, the area is establishing itself as an attractive investment destination.

Commissioner Goo explained, "The secondary battery industry is used in various fields such as electric vehicles and renewable energy storage systems," adding, "It is experiencing significant growth in the global market."

He further stated, "Industrial complexes such as Sepung Industrial Complex and Yulchon 1st Industrial Complex in the Gwangyang Bay Area have been designated as 'Secondary Battery Opportunity Development Zones,' aiming to complete a full value chain from secondary battery material production to waste battery recycling."

He added, "Currently, related companies are steadily moving into Yulchon 1st Industrial Complex, with POSCO group companies serving as anchor enterprises."

Through this, he said, "We are pursuing the maximization of productivity and the benefits of economies of scale, along with technological advancement."

Based on this, Commissioner Goo also presented a vision, stating, "In 2025, we aim to attract 2.2 trillion KRW in investment, bring in 30 companies, and create 1,300 jobs."

He further announced, "We will establish an industrial ecosystem from secondary battery material production to parts and recycling, and expand the Yulchon Industrial Complex ESS project to 1.5GWh to supply energy to tenant companies at low cost."

Additionally, he shared his vision, "By attracting hydrogen companies to Yulchon Industrial Complex, we will make the Gwangyang Bay Area a hub for the clean hydrogen industry and generate new cargo volume."

Commissioner Goo stated, "I am deeply grateful to everyone who has cooperated for the growth of the Gwangyang Bay Area Free Economic Zone," adding, "We will continue to lead regional development by attracting quality companies and repay with job creation and economic growth."

Meanwhile, Commissioner Goo Chung-gon previously served as a member of the Jeonnam Provincial Council, the two-term Mayor of Hwasun, and President of Jeonnam Provincial College.

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