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More opportunities, a better investment environment- 2022-12-09 Gyeongsangbuk-do launches a local innovation governance for secondary batteries to foster high-tech industries - Thirty (30) local businesses, universities, research institutes, and government agencies will join forces to obtain a specialized industry complex designation for secondary batteries - - The province signed a Memorandum of erstanding (MOU) for a KRW 1 trillion–worth of investment in precursors with CNGR, a global battery material company - - The province also held the third “Pohang International Conference 2022, the Leading City in the Battery Industry”on November 24 - On November 24, the Gyeongsangbuk-do Government held the “2022 Pohang International Conference, the Leading City in the Battery Industry” at the International Conference Hall of the POSCO International Center. The event was joined by aro 250 attendees, including representatives from the Pohang City Government and local businesses, universities, research institutes, and other government agencies. As part of preconference events, the provincial government held the launch ceremony for Gyeongsangbuk-do Secondary Battery Innovation Governance, a local innovation governance among the Gyeongsangbuk-do Provincial Government, the Pohang City Government, leading battery companies, and research institutes. A signing ceremony of a memorandum of erstanding (MoU) for nickel sulfate and precursor production worth KRW 1 trillion with CNGR, a global battery material company, was conducted. The Secondary Battery Innovation Governance is co-chaired by Gyeongsangbuk-do’s Governor, Pohang’s Mayor, and Ecopro’s CEO and consists of the heads of 30 institutions and organizations, including nine businesses (e.g., POSCO Chemical, GS Engineering & Construction (GS C&E) ENERMA, SM Baxel, and LG BCM); seven universities [e.g., Pohang University of Science and Technology (POSTECH), Kyungpook National University, Yeungnam University, and Kumoh National Institute of Technology]; eight research centers [e.g., Gyeongbuk Techno Park (GBTP), Gyeongbuk Hybrid Technology Institute (GHI), and Pohang Research Institute of Industrial Science & Technology (RIST)]; and six government agencies (e.g., the provincial and city councils). The 30 industry-academic institutional members of the Innovation Governance aim to pool their innovative capabilities to build a collaborative ecosystem for secondary batteries and support the efforts to obtain the designation of the “Gyeongsangbuk-do Specialized Advanced Strategic Industry Complex for Secondary Batteries.” ECOPRO CEO Kim Byung-hoon, one of the co-chairs of the governance, said, “We will do our best to ensure that Pohang is designated as a secondary battery cluster for the development of advanced strategic technologies, including high energy density and high capacity cathode materials.” Meanwhile, the high-tech Specialized Advanced Strategic Industry Complex is scheduled for designation in the first half of 2023 after an call process at the Ministry of Trade, Industry and Energy (MOTIE). The designation aims to encourage investments and technology development by building an innovative ecosystem comprised of businesses, research institutes, and educational institutions related to advanced strategic industries and technologies. The launch ceremony was followed by the signing of the investment MOU by CNGR CEO Deng Weiming, Gyeonsgangbuk-do Governor Lee Chul-woo, and Pohang Mayor Lee Kang-deok. CNGR leads the global precursor market with a market share of . CNGR plans to invest KRW 1 trillion to build a plant with a production capacity of 250,000 tons of nickel sulfate and 100,000 tons of precursors, one of the core materials for cathodes determining the perance of secondary batteries, on a 415,294 m2 site within the Yeongilman 4th General Industrial Complex by 2030—creating a large number of jobs. All precursors manufactured by CNGR in Pohang will be exported overseas. By signing the MOU with CNGR, Pohang took a step further toward completing its innovative ecosystem for secondary battery materials and recycling. In particular, CNGR’s investment is expected to increase cathode material production in Korea vastly, which is expected to work favorably toward the specialized industrial complex designation for Gyeongsangbuk-do. After the signing ceremony, participants attended the presentation sessions and panel discussions. Session 1, “Current Status and Future of Battery Recycling Technologies,” ed with a keynote speech on “LGES EV Technology and Future” by Vice President for Corporate Strategy Chung Hyuk-sung at LG Energy Solution. Then, SungEel HiTech Director Kim Hyeong-deok spoke on “A Paradigm Shift in Battery Recycling.” It was followed by a presentation on “Domestic and Global Trends on the Resource Recirculation System for Used Electric Vehicle Batteries” by Young Poong Vice President Shim Tae-jun and another presentation on “Advanced Battery Swapping Solution” by Chief Manager Yang Wei at CATL, a China-d global battery manufacturer. In Session 2, held er the theme of “Next-Generation Cathode Material Technologies and Recycling Market Outlook,” CEO Shim In-yong of GS Construction and Engineering ENERMA spoke on “Battery Recycling for Different Battery Manufacturing Methods,” followed by a presentation about “BASF Battery Materials” from the Head of Business Hong Seong-sik at BASF Korea, the Korean corporation of the German multinational chemical company. Session 3 was held as a panel discussion chaired by CEO Kim Kwang-ju of SNE Research, a secondary battery consulting firm. Senior Researcher Son Jeong-su of the Korea Institute of Geoscience and Mineral Resources (KIGAM), Vice President Shim Tae-jun of Young Poong, and Researcher Park Jae-beom at the POSCO Research Institute discussed ways to promote battery recycling. During the conference, participants also discussed Gyeongsangbuk-do’s plans and strategies for used-battery recycling, next-generation lithium-ion batteries, high-capacity cathode materials, high energy-density technologies, and other subjects related on battery materials and next-generation technologies. The participants agreed to expand the battery materials and recycling ecosystem, centered aro Pohang, to include next-generation secondary batteries. Governor Lee Chul-woo said, “The secondary battery industry is an advanced strategic industry where the United States, China, and other major countries are engaged in fierce competition over global leadership in the market.” He added, “I would like to express my gratitude to CNGR CEO Deng Weiming for deciding on the KRW 1 trillion investment in these trying times. Pohang is home to the Yeongilman Port, POSTECH, RIST, R&D clusters, and other numerous infrastructures, and thus serves as one of the best locations for secondary battery industries. The provincial government will spare no effort in ensuring that Korea becomes a secondary battery powerhouse by 2030.” Notice
- 2022-12-09 Exploring Plans to Develop the Northern Regions in connection with the “Camino de Santiago” Pilgrimage Trail Project in Gyeongsangbuk-do - The provincial government held a conference for promoting investments in six cities and counties in Northern Gyeongsangbuk-do - - Attendees shared a comprehensive range of ideas to revitalize the northern region - - The local government plans to make systemized efforts to attract investments - On November 24, the Gyeongsangbuk-do Government held the “Conference for Revitalizing the Investment Promotion in the Service Industry in the Northern Region” at the provincial government office building, with aro 20 officials in charge of investment promotion and forestry projects across six cities and counties. * The six areas are Yeongju, Sangju, Mungyeong, Yecheon, Bonghwa, and Uljin. The conference aims to develop and share ideas about specialized local tourism projects in connection with the East–West Trail Project, which covers trails with a total length of 275 km between Sangju and Uljin, thereby developing specific plans for the project and ensuring systematic preparations to establish the trails as a prestigious trekking destination on par with the Camino de Santiago and utilize the trails as a growth engine for the local tourism industry. * (Camino de Santiago) A trail along the Spain–France border listed as a UNESCO World Cultural Heritage Site in 1993.- Total extension: 800 km / a full trip takes 30–40 days / visited by aro 300,000 pilgrims across 150 countries each year With two-thirds of the lands covered with forests, the northern region of Gyeongsangbuk-do is characterized by a disproportioned industrial structure concentrated on agriculture and forestry, relatively low-income levels, and largely poor economic foations. To address these issues, the Gyeongsangbuk-do Government looked into various ways to secure new growth engines for the northern region, which led to an initiative for investment promotion linked with the Gyeongsangbuk-do East-West Trail Project. The initiative constitutes a part of the local government’s efforts to maximize the effect of the relevant policies by aligning its investment promotion efforts with the general direction of its local administration. During the conference, the attendees proposed and discussed various projects, including the attraction and development of tourist hotels within the Punggi Spa District in Yeongju, “albergues” (accommodations or hostels for travelers) for trekkers and pilgrims visiting Mungyeong, and the Samgangjumak Hill Stay in Yecheon. * (Yeongju) Attract tourist hotels within the Punggi Spa District; (Sangju) Attract a resort and campgro in Daejo-ri; (Mungyeong) Attract “albergues” for trekkers; (Yecheon) Develop Samgangjumak Hill Stay; (Bonghwa) Develop a foation for tourism in and aro Baekdudaegan National Arboretum; and (Uljin) Attract ocean resorts at the end of the East–West Trail Utilizing the ideas from the conference, the provincial government plans to meet with major domestic, medium, and large enterprises in tourism, leisure, and development and international hotel and resort corporations for full-fledged promotion activities. In addition, the local government will provide policy-d assistance required for commercialization in consultation with the relevant departments. Aside from having the conference, the Gyeongsangbuk-do Government has been engaged in erse activities to revitalize the northern regions. For example, the local government sent Hwang Jung-ha, Head of the Investment Promotion Office, to promote manufacturing and investment in the northern areas at a seminar held on November 3. This engagement was followed by a conference with food-related firms in the northern region on November 16 to identify challenges faced by the businesses and stimulate investments in the areas. Mr. Hwang Jung-ha said, “The geographical conditions of the northern areas make it difficult to promote local service industries.” However, he reaffirmed the government’s commitment to promoting service industries in the areas saying, “Building on the areas’ rich forestry and trekking resources, we will be able to turn the northern region into a new central axis for local tourism industries by developing the unique tourism potential of the areas and coming up with systematic plans to support those efforts.” Notice
- 2022-11-24 Gyeongsangbuk-do Discusses Ways to Expand Ecosystem of Beverage and Liquor Industries in Andong and Yecheon - Ways to Attract Additional Investment were Also Discussed with Companies in Andong and Yecheon - - Koh Jae-gwang, Head of Andong District Office of the Ministry of Employment and Labor, Gives Lecture on Labor-Related Laws and Answers Questions from Companies - On November 16 (Wednesday), Gyeongsangbuk-do held a meeting with 22 people from 11 food-related companies in Andong and Yecheon at the main conference room of the Gyeongbuk Institute for Bioindustry. This meeting was designed to bring together food industry-related companies in Andong and Yecheon for a discussion of strategies to expand the food, beverage, and liquor cluster ed in such areas and also to attract additional investment from food, beverage, and equipment and material companies d in the Seoul metropolitan area. During this meeting, there was a heated conversation on how to attract additional investment from related companies, including those that produce beverage bottles and packaging equipment and materials for bio foods, such as soju, kimchi, makgeolli, and nuts. There were also lively exchanges of opinions on various pending corporate issues, such as the shortage of warehouses in the industrial complex, the establishment of distribution-related transportation infrastructure, and difficulties caused by skyrocketing raw material prices. Furthermore, the participating corporate officials noted that companies are having a difficult time due to labor shortages and a surge of labor regulations enforced over the past few years, including the 52-hour work week and the Serious Accidents Punishment Act, and stressed that it is more important than anything else to create an environment for companies that enables business management as their sole . In response, Koh Jae-gwang, head of the Andong District Office of the Ministry of Employment and Labor, who was invited to the meeting to reflect the interests of local companies in labor law-related issues, gave a lecture on working hours and the Serious Accidents Punishment Act from the standpoints of both labor and management and provided answers to the questions posed by the participating companies. On November 4, 2022, Gyeongsangbuk-do and Andong City laid the growork for the Andong region to establish itself as a mecca for distilled liquors including its Andong Soju through the attraction of the investment from Kim Chang Soo Distillery in the Gyeongbuk Bio 2nd General Industrial Complex within Andong. Joongha Hwang, head of the Investment Promotion Office of Gyeongsangbuk-do said, We are making efforts to attract investment to our region not only from food-related companies like Kim Chang Soo Distillery but also from companies producing food containers and packaging equipment and materials which operate in the value chain of beverage and food manufacturing businesses. We will continue to exchange ination on companies that need to be included in the value chain of existing industries by hosting meetings among companies in the same industry.” Notice
