Investments

Jeollanamdo Province is the largest domestic supplier of industrial raw materials. Gwangyang Steel Works has the world’s largest capacity with an annual 21.75 million tons of production. It is also Korea’s largest supplier of petrochemical products such as oil and ethylene and produces more than 800,000 barrels a day. Due to ideal climate and ecological conditions, Jeollanamdo is Korea’s #1 manufacturer of premium quality marine products including eco-friendly fishery and livestock products. Jeollanamdo’s agricultural land is also one of the lowest-cost industrial lands in the nation, making it an extremely gainful investment for companies.

Jeollanamdo ranks 1st place in Korea for eco-friendly farmland and agricultural products which use no pesticides. The price of land as of 2021 is only KRW 12,000/m2 in Jeollanamdo (only 16% of the national average price of land in other regions). By investing in generating sustainable income and economic opportunities in Jeollanamdo, stakeholders can promote labor management programs for employment stability and productivity.

Jeollanamdo is perfect for marine and shipbuilding industries because of the major industrial complexes that guarantee success for investors. The Gwangyang Bay Area Free Economic Zone is located in a highly competitive location for the steel and petrochemical industries. There are also free trade zones for foreign capital investment. Investing in Jeollanamdo brings great benefits such as tax support and company expansion opportunities.

Additionally, Jeollanamdo is growing in popularity for rest and relaxation. Investment opportunities include large luxury hotels, villas, golf courses, convention centers, foreigner-only casinos, amusement parks, and healing cultural centers. Major research institutes also include eco-friendly food and biological industries, aerospace, energy, and technological innovation centers in Jeollanamdo.

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