Jeollanam-do’s Seven Investment Merits

1. 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)

2. Industrial land is available at the most affordable price nationwide

  • 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)
DivisionNo.Area (1000 m²)Industrial Complex Name
Completed1939,560Samil Stockpile, Daebul, Daeyang, Ceramic, Ocheon, Suncheon, Munpyeong, Naju, Innovation, Sindo, Singeum, Iksin, Damyang, Hwasun, Gangjin, Samho, Donghampyeong, Daema, Nano
In Creation15170,353Yeosu, Gwangyang, Bitgeurin, Sapjin, Yulchon 1, Myodo, Haeryong, Hwanggeum, Sepung, Jangheung, Hwawon Shipbuilding, Yongdang, Unnam, Gunnae, Dosi
Planned316,239Yulchon 2, Yulchon 3, Doyang
Current industrial complexes

3. 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)

4. 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.

5. 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

6. Jeollanam-do serves as a trading hub among Korea, China, and Japan

  • Seoul ↔ Gwangju: 1.5 hours
  • Seoul ↔ Mokpo: approximately two hours
  • Seohaean Expressway (3 hours to/from Seoul)
  • Namhae Expressway (3 hours to/from Busan)
  • 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
  • Container Terminal of Gwangyang PortAt present, operating 14 berths with a cargo handling capacity of 4.6 million 20-foot equivalent unit (TEU)/year
  • Mokpo New PortAt present, operating 5 berths with a cargo handling capacity of 240,000 TEU/year

7. 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