The government will invest 1 trillion won to expand low-carbon and digitalization facilities within industrial complexes.
The Ministry of Trade, Industry and Energy announced on the 9th that it has selected five projects as priority negotiation targets for this year's industrial complex environmental improvement fund. The selected projects include ▲ fuel cell power generation (Iksan 2nd general industrial complex) ▲ data center (Busan Myeongji Noksan national industrial complex) ▲ rental dormitory and business complex facility (Iksan national industrial complex) ▲ hotel and logistics complex facility (Seoul Digital national industrial complex) ▲ smart farm (Wonju Munmak general industrial complex).
If these projects are ultimately confirmed, a total investment of approximately 1.0597 trillion won is expected, combining 117 billion won of government budget with 942.7 billion won of private investment.
Looking at the characteristics of the selected projects, four are located in the regions of Busan, Wonju, and Iksan. Additionally, the two projects of fuel cell power generation and smart farm are long-term operations lasting over 15 years, which are relatively not highly revenue-generating, making it difficult for the private sector to invest alone.
The industrial complex environmental improvement fund, established for the first time in 2011, attracts private investment with the government budget as a seed fund, and is utilized for projects aimed at upgrading industries and promoting eco-friendliness in industrial complexes. Until last year, it attracted 8.1824 trillion won of private investment with a government funding of 1.334 trillion won and is promoting a total of 70 projects.