Gangwon-do Emerges as Key Player in East Coast Hydrogen Economy Belt
Key Ideas
  • Gangwon-do, previously an 'industrial barren land,' is rapidly evolving with a focus on the hydrogen industry, including hydrogen storage and transportation.
  • The government designated Bukpyeong and Samcheok in Gangwon-do as the first 'hydrogen-specialized complexes,' aligning investments, tax benefits, and technology development to boost the domestic hydrogen industry.
  • The establishment of a hydrogen storage and transport cluster is underway, with plans to invest 317.7 billion won by 2028 and create 4,500 jobs, enhancing economic growth.
  • With projects like the hydrogen demonstration city in Gyodong and regulation-free special zones, Gangwon Province aims to become a global hydrogen industry hub, attracting companies to target international markets.
Gangwon-do in South Korea is experiencing a transformation in its industrial landscape with the emergence of new growth industries like semiconductors, natural products, bio, and notably, hydrogen energy. The region, previously considered an 'industrial barren land,' is now focusing on becoming a key player in the hydrogen sector. The government has designated areas in Gangwon-do, such as Bukpyeong and Samcheok, as 'hydrogen-specialized complexes,' offering tailored support for investments, R&D, and technology advancements. These complexes aim to boost the domestic hydrogen industry and attract companies through government subsidies. One of the significant projects in Gangwon-do is the creation of a 'hydrogen storage and transport cluster,' with plans to invest 317.7 billion won by 2028. This initiative is expected to create 4,500 jobs and contribute significantly to the local economy. Additionally, the region is focusing on liquefied hydrogen production for improved energy density and transport efficiency. Gangwon Province has already established a hydrogen demonstration city in Gyodong, showcasing technology from hydrogen production to usage. The province also extends its special zones for liquefied hydrogen regulation, promoting clean hydrogen production bases and reliability evaluation centers. Governor Kim Jin-tae envisions Gangwon-do as a global hydrogen industry hub, supporting companies to target international markets and further solidifying the region's position in the hydrogen economy.
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