BS Hanyang's wholly owned subsidiary, Gwangyang Jia, announced on the 13th that it will begin the full-scale sale of industrial land ahead of the completion of the second phase of the Gwangyang Golden General Industrial Complex project currently being established in the Gwangyang Bay Free Economic Zone.
The Gwangyang Golden General Industrial Complex, an eco-friendly and advanced industrial complex linked to the Gwangyang Port hinterland area, is being developed with a total project cost of 292.6 billion won over an area of 1,115,000 square meters (approximately 337,000 pyeong) in Hwanggeum-dong, Gwangyang City, Jeollanam-do. BS Hanyang noted that it is regarded as the optimal location for new materials industries, including the first metal, metal processing, electric equipment manufacturing, and electric supply industries.
Approximately 60% of the 140,000 pyeong of the completed first phase land has been sold, with new material production companies and logistics firms moving in sequentially. The 100,400 pyeong of second phase land is scheduled for completion by the end of this year and will be available for occupancy starting next year. The remaining first phase land can be occupied immediately upon contract. The sale price is competitive at around 970,000 won per 3.3 square meters compared to nearby industrial complexes.
The Gwangyang Golden General Industrial Complex is located in the heart of the Gwangyang Bay Free Economic Zone. It is considered a key industrial complex that can alleviate the shortage of industrial land in the Gwangyang Bay Free Economic Zone, which is experiencing a surge in demand for new growth industries such as the hydrogen industry and secondary batteries.
With excellent accessibility to the Yeosu National Industrial Complex, which is home to major chemical companies including POSCO, GS Caltex, LG CHEM, LOTTE Chemical, and Kumho Petrochemical, it is also advantageous for B2B industries.
The transportation conditions are also excellent. It is closest to Gwangyang Port's container terminal, the largest integrated port in the country. The Gwangyang Port western access road, which passes through the entry point, allows access to Gwangyang Port, the Namhae Expressway, and the Yeongam-Suncheon Expressway.
A broad transportation and logistics infrastructure is in place within a straight-line distance of 10 km to Yeosu Airport and KTX Suncheon Station. Within a straight-line distance of 2 km, Hwanggeum District, developed as the hinterland for the Gwangyang Free Economic Zone, provides suitable residential and commercial facilities for employees of tenant corporations.
There are also systems in place, such as subsidies and tax reductions from the government and local governments, allowing corporations to enjoy practical cost reduction effects. Corporations moving into the Gwangyang Golden General Industrial Complex will receive local government tax reductions, and those investing over 2 billion won can receive support for site subsidies, facility subsidies, and employment and training subsidies, with limits of up to 5 billion won per corporation.
Gwangyang Jia will kick off the full-scale sale of the Gwangyang Golden General Industrial Complex and will hold an information session targeted at investors. The event will take place on the 26th at the Gwangyang Bay Free Economic Zone Office, and investors or corporations interested in the Gwangyang Golden General Industrial Complex are welcome to participate.