Geochang Advanced General Industrial Complex Construction Project... A Strong First Step!

Groundbreaking Ceremony for the Geochang Advanced General Industrial Complex
Project to be Completed in 2027 with a Total Investment of 60 Billion KRW on a 303,722㎡ Site in Wolpyeong-ri, Namsang-myeon

Geochang County, Gyeongnam Province, announced on the 9th that it held a groundbreaking ceremony for the 'Geochang Advanced General Industrial Complex Development Project' in the Wolpyeong-ri area of Namsang-myeon.

The ceremony was attended by Geochang County Mayor Koo Inmo, Geochang County Council Chairman Lee Jaeun, Gyeongnam Provincial Council members Kim Ilsu and Park Jueon, county council members, heads of related organizations, business representatives, and about 200 local residents.

Group photo at the groundbreaking ceremony for the Geochang County Advanced General Industrial Complex Development Project

The Geochang Advanced General Industrial Complex Development Project aims to secure additional industrial land to attract high-tech companies and to build an ecological foundation for corporate growth. The project is being developed on a 303,722㎡ site in Wolpyeong-ri, Namsang-myeon, with a total project cost of 60 billion KRW, and is scheduled for completion in 2027.

In particular, Geochang County plans to actively utilize its robust elevator industry infrastructure, which includes the existing Geochang General Industrial Complex, Elevator Best Valley, Korea Elevator Safety Agency, and Korea Elevator University, to attract advanced elevator-related industries. Through this, the county aims to further strengthen the competitiveness of the elevator industry, which is a regional specialized industry.

Once the Geochang Advanced General Industrial Complex is successfully established, it is expected to create approximately 515 new jobs, generate about 8.3 billion KRW in production inducement effects, and 3.64 billion KRW in added value inducement effects, breathing new life into the local economy.

In his commemorative speech, Geochang County Mayor Koo Inmo stated, "The Geochang Advanced General Industrial Complex will become a new growth engine that will drive Geochang County's future for the next 30 years," adding, "We will do our utmost to attract high-tech industries and create quality jobs to improve the quality of life for our residents through the successful implementation of this project."

Meanwhile, starting with this groundbreaking ceremony, Geochang County plans to push forward with the construction of industrial complex infrastructure and actively carry out investment attraction activities targeting promising companies.

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