Lithium batteries stimulate the development of new kinetic energy in Hanlao Industrial Zone

by sfea
December 11, 2020

Dr. Liang Guangsik is a five-level civil servant in South Korea and the director of the Foreign Investment Project Division of the Gwangyang Bay Free Development Economic Zone, Jeollanam-do.

I first met Dr. Liang after the signing of the China-Korea Free Trade Agreement (FTA) and the introduction of the first Chinese investment project in the Gwangyang Bay Area. For this pioneering development, he was commended by the Quanluo South Road Hall.

When we met not long ago, he told reporters that the development of Chinese enterprises in Guangyang Bay Area is smooth. The first batch of "Dafali City" that came to Shandong Yili Dairy Industry, invested another 15 million US dollars to build the second phase of the project and put it into operation immediately. The latest development is the aluminum plate and aluminum foil production base project invested by China Mingtai Aluminum Group, which started at the end of last year.iot classroom

Dr. Liang can say that the heavy chemical industry is the pillar technology industry of Jeollanam-do, and new materials and high-precision products and parts represented by lithium battery materials are the direction of industrial structure upgrading. As a free economic zone, Yangguangwan District plays a key role.

The advantages of Korea's free economic zone

Similar to China's special economic zone, South Korea's free economic zone management system is also for enterprises to better attract foreign investment.

According to the relevant legislation, the governing body of the Korean Free Economic Zone is the "Free Economic Zone Committee", chaired by the Minister of Industry, Trade and Resources of Korea and deputy officials of other government ministries. The "Free Economic Zone Planning Group" is set up under the committee to be responsible for specific operations.

Since 2003, after successive new establishments and adjustments, South Korea has designated a total of 7 free economic zones, which are roughly balanced in geographical distribution, each with its own advantages and priorities. As of the end of 2018, the free economic zone has attracted a total of US$17.8 billion in foreign investment, and 5,250 domestic and foreign companies have settled in it.

The preferential policies of the free economic zone mainly include tax reduction and exemption, deregulation, and provision of a financial service support. It also pays great attention to improving the business and living and working conditions of foreign businessmen.

One of the advantages of the Korean Free Economic Zone is the high degree of internationalization of economic activities. South Korea has signed FTAs with more than 50 countries including the United States, Europe, Japan and other major economies, covering more than 75% of the global economy.

In addition, in certain product categories, Korea’s origin label is considered a competitive advantage. South Korea's infrastructure, legal environment, and labor quality are also highly evaluated. universities in hong kong

According to the introduction, the Guangyang Bay Free Trade Economic Zone is located at the southernmost tip of South Korea, mainly composed of Yeosu City, Suncheon City, Guangyang City, Hadong City, and Gyeongsang South Road. The industrial park layout is centered on Guangyang Port.

The attractiveness of Gwangyang Bay Area is mainly due to the following two important aspects: First, it has outstanding advantages in geospatial location information. Gwangyang Bay District is located in the management center of freight logistics in the three countries of Northeast Asia, and is also on the main waterway from Northeast Asia to China's Pacific Ocean. Gwangyang Port is Japan's largest bulk cargo and second largest container cargo port, with a cargo volume exceeding 300 million tons in 2019.

Secondly, the Guangyang Bay District is dotted with large-scale heavy and chemical industrial enterprises and national-level industrial parks. The steel and petrochemical production capacity ranks among the top in Korea and the world, with a total output value of 110 billion U.S. dollars. The advantage of developing manufacturing is self-evident.

The reporter of "Science and Technology Daily" learned that the Guangyang Manchu District Management Office has approved the promotion of expansion in the mainland. The use of industrial land by foreign capital can be purchased on behalf of rent. The rent is about RMB 1.5 per square meter per month, unchanged for 50 years. Such an arrangement is undoubtedly a manifestation of soft power.