Investment Attractiveness
Jeollanam-do is the largest supplier of industrial raw materials in Korea.
- Gwangyang Steelworks, the world’s largest single crude steel producer with a capacity of 21 million tons per year
- Korea’s largest petrochemical industrial complex with an oil refining capacity of 840,000 barrels per day in conjunction with petrochemicals production of 4.14 million tons per year (based on ethylene)
- Top-notch quality of eco-friendly agricultural, fishery, and livestock products (Korea’s largest certified organic farming with an area of 7,936 ha, along with 90% (1.58 million tons) of the nation’s seaweed production)
Industrial land is available at the most affordable price nationwide
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The burden of initial investment is greatly reduced by creating customized industrial complexes and providing low-priced industrial sites.
※ Land price (officially assessed land value) as of 2017: KRW 9,000 per m2 in Jeollanam-do (about one-fifth of the average land price nationwide of KRW 50,000 per m2)
- Current industrial complexes
Division | No. | Area (1,000㎡) |
Industrial Complex Name |
---|---|---|---|
Total | 37 | 226,191 | - |
Completion | 19 | 39,560 | Samil Stockpile, Daebul, Daeyang, Ceramic, Ocheon, Suncheon, Munpyeong, Naju, Innovation, Sindo, Singeum, Iksin, Damyang, Hwasun, Gangjin, Samho, Donghampyeong, Daema, Nano |
Creation | 15 | 170,353 | Yeosu, Gwangyang, Bitgeurin, Sapjin, Yulchon 1, Myodo, Haeryong, Hwanggeum, Sepung, Jangheung, Hwawon Shipbuilding, Yongdang, Unnam, Gunnae, Dosi |
Planning | 3 | 16,239 | Yulchon 2, Yulchon 3, Doyang |
The most stabilized labor-management culture has been rooted in Korea.
- Selected first in Korea as a peaceful labor-management zone for 10 consecutive years (2008–2017)
- Operating different labor-management cooperation programs to promote job security and labor productivity (14 projects)
Experienced professionals are ready to meet diverse needs.
- Promoting customized manpower training projects including the Industry-University Employment Package Program
- Jeonnam Job Center provides real-time job information through tailored consultation.
Electrical power and industrial water are available in abundance.
- Electricity generation: 78,461 GWh (14.9% of nation’s electricity generation) ※ Source: Electric Power Statistics Information System (as of 2015)
- Industrial water: Supplied abundantly from Juam Dam, Jangheung Dam, Sueo Dam, and Isacheon Stream
Jeollanam-do serves as a trading hub among Korea, China, and Japan.
KTX
- Seoul ↔ Gwangju: 1.5 hours
- Seoul ↔ Mokpo: approximately two hours
Expressway
- Seohaean Expressway (3 hours to/from Seoul)
- Namhae Expressway (3 hours to/from Busan)
Airport
- Muan International Airport: 140,000 flights per year (Domestic: Jeju, International: 12 regions including Shanghai and Beijing)
- Yeosu Airport: Domestic (4 flights per day to/from Seoul, 3 flights per week to/from Jeju)
- Gwangju Airport: Domestic (2 flights per day to/from Seoul, 17 flights per day to/from Jeju)
- ※ Heuksan Airport: 1,200-meter runway (work commenced in 2018, with the aim of opening in 2020)
International port
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Container Terminal of Gwangyang Port
At present, operating 14 berths with a cargo handling capacity of 4.6 million 20-foot equivalent unit (TEU)/year
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Mokpo New Port
At present, operating 5 berths with a cargo handling capacity of 240,000 TEU/year
A repository of the natural environment and island/marine resources
- Archipelago with 2,200 islands (65% of the nation’s total islands)
- 6,400-kilometer-long ria coasts (46% of the nation’s entire coastline)
- One of the world’s five major mudflats (42% of the nation’s total mudflat area)
There is a reason why global companies choose Jeollanam-do.
- POSCO, KEPCO, LG, Hyundai Samho Heavy Industries, Sebang, GC Pharma, GE Korea, GS Caltex, Kumho Mitsui Chemicals, LOTTE Chemical, 3M Company, Daemyung Resort, Mitsubishi, Wärtsilä Hyundai Engine, Namyang Dairy Products, and BASF