Jeollanam-do Focuses Administrative Efforts on Attracting Investment from Petrochemical and Logistics Companies

Briefing Session Held in Seoul on the 25th
Introduction of Sites and Incentives Receives Strong Response

Jeollanam-do held an investment attraction briefing session on the 25th at the Peace and Park Convention in Seoul, attended by about 80 people including companies in the petrochemical and logistics sectors, related organizations, and industrial complex operators. Provided by Jeonnam Province

Jeollanam-do held an investment attraction briefing session on the 25th at the Peace and Park Convention in Seoul, attended by about 80 people, including companies in the petrochemical and logistics sectors, related organizations, and industrial complex operators. At the event, the province introduced available sites and incentives, accelerating its efforts to attract investment.

During the briefing, the province presented the new government's industrial policy direction and introduced new industrial sites in Jeollanam-do to meet the expected demand for new land as petrochemical companies, working to overcome the industrial crisis, seek to enter new industries. This drew significant interest from participants.

The new industrial sites include the Yulchon Convergence Logistics Complex, the Myodo Port Redevelopment District, and the Yeosu National Industrial Complex Expansion Area, totaling three locations.

The Yulchon Convergence Logistics Complex, covering approximately 1 million pyeong, plans to install berths for petrochemical and other industries, offering advantages for import and export. The target tenants are companies in the petrochemical and logistics sectors.

In the Myodo Port Redevelopment District, LNG tanks and related facilities are currently under construction on about 200,000 pyeong out of a total of 940,000 pyeong, making it favorable for related industries to move in.

The Yeosu National Industrial Complex Expansion Area is the largest expansion area for petrochemical complexes in Korea. It attracted attention from participating companies due to its unique features, such as the ability to utilize existing infrastructure and its proximity to existing factories, enabling easy connectivity.

Jeollanam-do plans to actively pursue tailored investment attraction activities, such as one-on-one consulting for each company interested in investing, to ensure that this interest leads to tangible investment results.

Seo Eunsu, Director-General of Job Creation and Investment Attraction at Jeollanam-do, said, "Even amid the crisis facing Jeollanam-do's core petrochemical industry, we will actively promote corporate investment by proactively supplying industrial land and providing policy support so that companies can seek new opportunities, such as entering new industries."

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