Ministry of Trade, Industry and Energy to invest 904billion won in industrial complex innovation and finalize 76projects
The Ministry of Trade, Industry and Energy announced that under the '10 industrial complex support program,' it will invest 2026billion won to select 904 projects and 10 initiatives. From the second half of the year, manufacturing AI demonstrations will begin in Pohang, Cheongju and Gumi, while infrastructure construction, including Changwon 76G, will get underway in earnest.5G and other infrastructure construction will get underway in earnest.
The Ministry of Trade, Industry and Energy announced the results of the '10 industrial complex support program' call for proposals and finally selected the industrial complexes eligible for 2026billion won in total funding, covering 904 projects and 10 initiatives. On-site demonstrations and infrastructure construction will begin in earnest in the second half of the year.76On-site demonstrations and infrastructure construction will begin in earnest in the second half of the year.
Pohang, Cheongju and Gumi industrial complexes were selected as AX demonstration complexes related to M.AX, which refers to the transformation toward manufacturing artificial intelligence. The smart logistics platform project will be carried out at the Masan and Chungju industrial complexes.
The Changwon industrial complex was included among the targets for 5G specialized network infrastructure construction, while the Busan Myeongji-Noksan industrial complex was selected as the site for the edge AIDC demonstration pilot project.
The projects also include the transition to environmentally friendly operations. Smart energy platforms will be developed in the Masan, Asan Bugok, and Chungju industrial complexes, while the Yeosu and Pohang industrial complexes will host a pilot industrial complex for digital-based resource circulation.
The FEMS+ project to demonstrate energy and greenhouse-gas measurement selected companies from the Gyeongnam, Chungbuk, Busan, Ulsan, Chungnam, Jeonbuk, Daegu, and Gyeongbuk regions, 14companies. The energy self-sufficiency infrastructure project will be carried out in the Daejeon, Jeonju, Sacheon, Masan, Busan, and Chuncheon industrial complexes.
The Industrial Complex Competitiveness Enhancement Project selected consortia tailored to the regional industry-academia-research landscape, 41consortia, which will begin research and development in the second half of the year. The Ministry of Trade, Industry and Energy said it would foster the selected industrial complexes as regional economic hubs.