Gangwon Province Designates Six Special Opportunity Development Zones for Future Industrial Growth
Key Ideas
- Six special opportunity development zones designated in Gangwon Province align with major industries, fostering future industrial growth and economic synergy.
- Companies in the designated zones receive tax benefits and state funding, attracting investments totaling 881.8 billion won and creating 1,588 direct jobs.
- Specialized industries like semiconductors, natural materials, hydrogen energy, and bio sectors are promoted in the special zones, enhancing regional industrial diversity and innovation.
- The economic ripple effect of the special zones is projected to induce annual production worth 1.768 trillion won, reflecting a positive outlook for industrial development in Gangwon Province.
The Gangwon Provincial Government has designated six special opportunity development zones aimed at fostering future industrial growth and economic synergy within the region. These zones include areas like the Buron General Industrial Complex in Wonju, the Gangneung Natural Water Bio National Industrial Complex, and the Samcheok Hydrogen Specialized General Industrial Complex, among others. Companies operating within these special zones benefit from tax reductions and financial incentives, spurring investments totaling 881.8 billion won and creating 1,588 direct employment opportunities.
Each zone focuses on promoting specialized industries such as semiconductors, natural materials, hydrogen energy, and bio sectors. Leading companies like SJ Innotech, PharmaResearch, and Geumgang CNT are participating in these initiatives. The economic ripple effect of these zones is expected to result in an annual production inducement effect of 1.768 trillion won, supporting the growth of local industries.
Furthermore, plans for constructing facilities like a secondary battery module production facility, a hydrogen purifier and catalyst factory, and a liquefied hydrogen storage container manufacturing plant are underway in different zones. The establishment of specialized research institutes and drug development facilities signifies a push towards innovation and technological advancement within Gangwon Province.
Overall, the selection of these opportunity development special zones is seen as a significant step towards enhancing the industrial landscape of Gangwon Province. The local government aims to strengthen cooperation with cities and counties for future special zone designations, aligning with the province's industrial development strategies. The positive outlook on the industrial growth of Gangwon Province is further reinforced by the alignment of the special zones with the region's future industries and the expected economic benefits and job creation.
Topics
Cities
Investment
Employment
Economic Growth
Industrial Development
Regional Planning
Tax Benefits
Special Zones
Latest News