Gwangyang Bay Area Materials and Components Knowledge Industry Center Achieves 100% Occupancy Rate

Excellent Accessibility and Affordable Rent Drive Demand
Increasing Interest in Next-Generation Batteries and Advanced Materials

On June 9, the city of Gwangyang, South Jeolla Province, announced that the Gwangyang Bay Area Materials and Components Knowledge Industry Center, despite being in its early stages, has completed full leasing of all rooms, marking its first step as a future-oriented industrial hub where innovation and collaboration coexist.

Located in the Iksin General Industrial Complex, the center boasts excellent accessibility in terms of logistics and transportation, being adjacent to the Namhae Expressway and close to Gwangyang Port, as well as the Sepung and Yulchon industrial complexes.

The Gwangyang Bay Area Materials and Components Knowledge Industry Center, despite being in its early stages, has completed full leasing of all rooms, taking its first step as a future-oriented industrial hub where innovation and collaboration coexist. Provided by Gwangyang City

In particular, the center offers a highly competitive rental rate of 8,970 won per 3.3 square meters, which is lower than similar facilities in other local governments, providing a stable growth foundation for startups and small and medium-sized enterprises that may lack sufficient capital.

Currently, the center is home to five next-generation energy industry companies focused on secondary batteries, including Everinders Co., Ltd., which develops sodium-ion batteries, and ABR Co., Ltd., which specializes in battery remanufacturing and the production of cathode and anode materials. This has established a solid foundation for the next-generation energy industry within the center.

Additionally, 23 innovative small and venture businesses specializing in various fields such as laser cladding, automation equipment, digital twins, software development, and environment and safety have moved in, raising expectations for synergy through future convergence and integration across industries.

The center has also established a systematic approach to nurturing local young talent and specialized professionals in advanced materials. The Advanced Materials Gwangyang Campus, operated by the National University of Suncheon at the center, has become a model case of the industry-academia-government cooperation model, where the region, companies, and universities work together organically by fostering local youth talent and specialized professionals in the advanced materials sector.

Beyond simply providing office space, the center is equipped with various meeting rooms and community spaces to facilitate communication and collaboration among tenant companies. In the future, additional lounges and break areas will be created to further expand networking opportunities among companies and provide a pleasant working environment, thereby increasing tenant satisfaction.

The city is actively matching various business support policies, such as the Jeonnam Youth Startup Academy, Gwangyang City's SME Technology Commercialization Support Project, and the Venture Support Group's Technology Support Program. These efforts support both early-stage startups and growing small and medium-sized enterprises in securing funding and technical solutions, helping them develop into strong, globally competitive companies. The city plans to continue making every effort to provide tailored support for tenant companies.

Lee Hyunsung, head of the New Industries Division, stated, "The Gwangyang Bay Area Materials and Components Knowledge Industry Center will serve not only as a space for companies to move in, but also as a focal point for business growth, exchange, and the creation of a sustainable industrial ecosystem." He added, "We will continue to spare no effort in providing tailored support for the stable growth and settlement of tenant companies, and will actively work to ensure that industry-academia-government cooperation leads to tangible results."

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