Revitalizing Southern Coastal Tourism and Future Mobility with Special Zones in Tongyeong and Changwon
Key Ideas
- Tongyeong and Changwon in South Gyeongsang Province designated as special zones for tourism and hydrogen mobility, attracting investments of 4.5 trillion won.
- Projects in Tongyeong include eco-friendly win-win zones, culture and arts zones, new industrial business zones, UAM terminals, artificial beaches, and oyster farming experience centers.
- Changwon's Hydrogen-Based Future Mobility District will focus on hydrogen tram and electric bus production, with companies investing 694.8 billion won by 2028.
- Newly established companies in the special zone to benefit from tax reductions, with plans for further deregulation and legislation to promote balanced regional investment.
South Gyeongsang Province has designated Tongyeong and Changwon as special zones for tourism and hydrogen mobility, aiming to foster southern coastal tourism and future mobility industries. Tongyeong, the nation's first special tourism zone, will see a 2.22 million square meter development led by Hanwha Hotel & Resort, encompassing eco-friendly win-win zones, culture and arts zones, and new industrial business zones. Changwon's Hydrogen-Based Future Mobility District will feature companies investing 694.8 billion won by 2028 for hydrogen tram and electric bus production. With a total investment of 4.5 trillion won from six leading companies, newly established businesses in the special zone will enjoy tax benefits. Gyeongsangnam-do Province plans to enact legislation for balanced regional investment and provide deregulation, aiming to revitalize the local economy and create job opportunities.
Topics
Projects
Investment
Job Creation
Regulation
Industry Development
Tourism
Local Economy
Tax Benefits
Special Zone
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