Ansan Mayor Lee Mingeun: "Economic Free Zone Designation Gives Ansan Wings to Lead Future Industries"

Ministry of Trade, Industry and Energy Adds Ansan Science Valley to Economic Free Zones
"Goal: Establishing a Hub for Advanced Robotics and Manufacturing Businesses"

"Ansan has now gained powerful wings to soar as a leading city in future industries."

On September 22, Lee Mingeun, mayor of Ansan in Gyeonggi Province, expressed his welcome regarding the designation of the Ansan Science Valley (ASV) area as an economic free zone.

Lee Mingeun, mayor of Ansan, is delivering a statement immediately after the government designated the Ansan Science Valley (ASV) area as an economic free zone. Provided by Ansan City

Immediately after the Ministry of Trade, Industry and Energy announced the designation, Mayor Lee delivered a statement, saying, "This achievement is the result of three years of effort and challenge since Ansan was selected as a candidate site for the Gyeonggi Economic Free Zone in November 2022."

On this day, the Ministry held a meeting of the Economic Free Zone Committee and deliberated and approved the additional designation of new economic free zone districts, as well as changes to the development plan for the Bobae Complex District in the Busan-Jinhae Economic Free Zone.

The newly designated Gyeonggi Economic Free Zone is referred to as the "Ansan Science Valley (ASV) District." The goal is to establish a global research and development (R&D) hub for advanced robotics and manufacturing businesses, leveraging the research, innovation, and industrial capabilities of nearby major universities, national research institutes, and the Banwol-Sihwa National Industrial Complex.

Mayor Lee stated, "An economic free zone is the nation’s top industrial special zone, offering companies a variety of benefits and incentives such as site advantages, tax reductions, streamlined permits, and the establishment of international schools." He added, "With this designation, Ansan has gained powerful wings to soar as a leading city in future industries, centered on artificial intelligence (AI) and advanced robotics."

He defined this designation as "a major transformation project that will change Ansan’s economic paradigm and present the direction for the next 50 years." He further explained, "With the opening of the Shinansan Line, innovation in educational infrastructure, and the advancement of the Ansan Line underground project, combined with this designation, Ansan will grow into a city that competes not only within Korea but also on the global stage."

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