Naju City has launched an 'Investment Promotion Team' to actively attract companies related to the semiconductor cluster in the Honam region.
This initiative aims to connect large-scale investment opportunities in advanced strategic industries, such as semiconductors and energy, to regional growth.
On September 2, Naju City announced that it held the first meeting of the 'Investment Promotion Team' at the city hall, chaired by Mayor Yoon Byeong-tae, to kick off inter-departmental collaboration for attracting advanced strategic industry companies.
Key officials, including the vice mayor and department heads, participated in discussions focused on proactive measures to create tangible investment attraction results, including expanding industrial complex infrastructure, securing available land, addressing corporate challenges, and post-investment management.
The 'Investment Promotion Team' is a dedicated one-stop system that supports the entire investment process, from corporate inquiries and signing memorandums of understanding (MOUs) to land supply, permits, construction, and factory operations through inter-departmental collaboration.
In particular, the team plans to enhance the speed of corporate investment decisions and project implementation by establishing a 'One-Stop Fast Track' administrative support system, which allows relevant departments to simultaneously review and share key infrastructure needs such as permits, power, water, sewage, and roads during the industrial complex development and investment process.
Naju City aims to leverage its energy infrastructure and industrial base to attract large anchor companies, focusing on semiconductors and energy as key sectors for investment, in line with the promotion of the semiconductor industry in the Honam region centered around Gwangju and Naju.
To proactively respond to the significant power and water demands required for the Honam semiconductor industry, the city plans to expedite the attraction of energy and power semiconductor-related companies, utilizing its total energy potential of 10GW, which includes 2GW of gas power, 2.5GW of pumped storage, and 5.5GW of renewable energy.
The city is also actively working to secure industrial land, a key foundation for attracting companies. It is systematically managing available land by conducting a comprehensive survey of unsold and closed industrial sites within existing industrial complexes, currently managing a total of 14 plots of land available for supply in the Innovation Industrial Complex and the New Town Industrial Complex.
Naju City plans to gradually secure new industrial land, including the Nam-pyeong Industrial Complex, Noan 2 Industrial Complex, Energy National Industrial Complex, and Noan General Industrial Complex, to proactively meet corporate demand.
To attract large-scale companies with significant economic ripple effects, the city is also considering utilizing vacant land from the LG Chem factory as space for advanced industries.
A 'Feedback Management Card' will be introduced to systematically manage the progress and challenges of corporate investments. This will ensure continuous oversight of each company's status and suggestions from the inquiry stage through to occupancy and operation, preventing interruptions in administrative support or delays in inter-departmental collaboration.
Additionally, the city is exploring ways to link policy financing, such as the National Growth Fund, to local conditions to reduce the costs of developing new industrial complex infrastructure and to utilize direct investment methods.
Naju City envisions enhancing its competitiveness in attracting companies in advanced strategic industries, such as semiconductors and energy, by timely securing industrial land and infrastructure, thereby creating conditions for companies to make actual investment decisions.
Mayor Yoon Byeong-tae stated, “We will promote Naju's strengths through various networks and create a vibrant Naju where quality jobs and companies grow together.”
* This article has been translated by AI.
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