Gwangju Free Economic Zone Authority to Manage Smart Energy District

Transfer of Management from Gwangju Urban Corporation Starting in April
Management of Tenant Contracts, Company Attraction, and Factory Registration
A Job-Residence Proximity Complex Equipped with Residential, Educational, and Sports Facilities

Gwangju Energy Valley General Industrial Complex. Provided by Gwangju Free Economic Zone Authority

The management authority of the ‘Smart Energy Industry District I’, established in the Energy Valley General Industrial Complex in Nam-gu, Gwangju, will be transferred from the Gwangju Urban Corporation to the Gwangju Free Economic Zone Authority.

The Gwangju Free Economic Zone Authority announced on the 31st that, as the ‘Smart Energy Industry District I Development Project’ located in Apchon-dong and Jiseok-dong, Nam-gu, was completed in November last year and the consignment period for Gwangju Urban Corporation has expired, it will take over management duties starting April 1.

Accordingly, the Gwangju Free Economic Zone Authority will now handle all major management tasks, including tenant contracts, factory registration, and safety management. Following its current management of ‘Smart Energy Industry District II’ (Nam-gu Urban High-Tech Industrial Complex), this new responsibility is expected to contribute to the systematic operation of the Energy Valley Industrial Complex and the expansion of company attraction.

‘Smart Energy Industry District I’ covers an area of 917,000 square meters (approximately 270,000 pyeong) in Apchon-dong and Jiseok-dong, Nam-gu, Gwangju. It is attracting attention as a job-residence proximity-type industrial complex equipped with residential, educational, and sports infrastructure, moving away from the traditional factory-centered industrial complex model to better accommodate worker living conditions.

The Gwangju Free Economic Zone Authority plans to actively attract related companies by utilizing excellent local research infrastructure such as the Energy Industry Convergence Complex Integrated Support Center, Korea Electrotechnology Research Institute, and Korea Basic Science Institute, and to further strengthen the foundation for industry-academia-research collaboration.

Additionally, the authority will establish a one-stop administrative support system from company entry to post-management, and accelerate the creation of a business-friendly environment by simplifying various licensing procedures.

Sun Seokki, Commissioner of the Gwangju Free Economic Zone Authority, stated, "Through this management transfer, we will expand more systematic and prompt support for companies," adding, "By strengthening win-win cooperation with tenant companies, we will develop Gwangju into a global hub for the energy industry."

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