Pohang's Ambitious Plan for a Hydrogen-Specialized Complex
Key Ideas
- Pohang City in South Korea is applying for the designation of a hydrogen-specialized complex within the Blue Valley National Industrial Complex, aiming to boost the hydrogen industry.
- The initiative includes attracting 70 companies, achieving 1 trillion won in sales, and creating 1,000 jobs by 2030, focusing on hydrogen fuel cell cluster construction.
- If approved, the complex will receive investments for infrastructure, R&D, tax benefits, and government subsidies to support businesses and talent cultivation.
- Pohang's mayor envisions the city becoming a prominent hub for the hydrogen industry, building on its previous designations as a secondary battery and bio-specialized complex.
Pohang City in North Gyeongsang Province, South Korea, is strategically positioning itself in the hydrogen industry by applying for the designation of a hydrogen-specialized complex within the Blue Valley National Industrial Complex. This move follows the city's success in being designated as a secondary battery and bio-specialized complex, aligning with national strategic industries. The hydrogen-specialized complex aims to integrate hydrogen operators and support facilities, benefiting from the Hydrogen Economy Promotion and Hydrogen Safety Management Act. The city plans to invest in dedicated infrastructure, research, tax incentives, and technology development if the designation is approved. By focusing on the hydrogen fuel cell cluster construction, Pohang aims to attract 70 companies, achieve 1 trillion won in sales, and create 1,000 jobs by 2030. Mayor Lee Kang-deok expresses confidence in Pohang's potential to become a leading city in the hydrogen industry, emphasizing the importance of administrative support to solidify the city's position in shaping the future industry landscape.