Table of Contents
- Changwon National Industrial Complex: Leaping to a Future Advanced Industry Hub
- Status and Plans by Phases
- Strategic Significance of the Industrial Complex Expansion
- Custom-made Industrial Sites for Companies: Aiming for Stable Supply
- Conclusion: The Expansion of the Industrial Complex as a Growth Platform for the Future Economy of Changwon
- Frequently Asked Questions (FAQ)
Changwon National Industrial Complex: Leaping to a Future Advanced Industry Hub
The expansion project of the Changwon National Industrial Complex in the Sangbok-dong, Wanam-dong, and Namji-dong areas is progressing rapidly.
This project, which started in 2018, is currently being carried out in four phases, with the first and second phases already completed. The third phase is planned to be sold out by June 2026, and the fourth phase by December 2026.
Through this project, Changwon City aims to achieve two goals simultaneously: alleviating the demand for existing industrial sites and attracting industries with future growth potential.
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Status and Plans by Phases
The expansion project of the Changwon National Industrial Complex targets an area of 435,009㎡ and utilizes a total budget of 234.7 billion won.
The primary goal of this project is to build an industrial ecosystem centered around advanced industries such as future mobility, hydrogen, electricity, defense, and precision machinery.
In the first phase, a 37,005㎡ site located in Sangbok-dong was completed and supplied in 2021. It is already occupied by the Korea Automotive Research Institute, Korea Gas Corporation, and Gyeongnam Techno Park.
The second phase involves a site of 22,968㎡ in the same area, which is expected to be supplied in 2023. Companies in the hydrogen and defense sectors, along with the Korea Testing Laboratory (KTC), are anticipated to move in by the second half of 2025.
The third phase pertains to Namji-dong, covering a total area of 145,461㎡. Land preparation and the removal of obstructions are currently ongoing, and legal proceedings against unauthorized occupants are in progress. A verdict is expected in November, and this land is planned to be sold by June 2026.
Finally, in the fourth phase, a 32,217㎡ site in Wanam-dong is also undergoing preparation, with the aim of completing the sale by December 2026.
Strategic Significance of the Industrial Complex Expansion
The recent expansion of the Changwon National Industrial Complex signifies more than just an increase in area. Changwon City aims to resolve the shortage of industrial land and establish itself as a center for attracting eco-friendly and advanced industries in line with changing industrial trends. Notably, it focuses on securing future growth engines in hydrogen economy, defense clusters, and electric vehicle industries.
The expanded Changwon Industrial Complex is designed to enable resident companies to carry out everything from research and development to production in a one-stop manner. This will provide favorable conditions for establishing a network that integrates R&D, production, and distribution, creating a business-friendly environment. Such changes are expected to make Changwon an even more attractive investment destination.
Custom-made Industrial Sites for Companies: Aiming for Stable Supply
Alongside the expansion of the industrial complex, Changwon City is enhancing the supply of custom-made industrial sites and administrative support that meet the needs of resident companies. In particular, it is accelerating legal and administrative procedures to swiftly resolve obstacles such as illegal occupation and the removal of obstructions to accurately align with supply timelines.
A representative from Changwon City emphasized, "The expansion of the national industrial complex is an important foundation for Changwon City to transition from a manufacturing-centered economy to an advanced industry-centered one," stating that "it will lead to the development of the Changwon economy through sustainable growth and the attraction of businesses." Such efforts are expected to contribute to illuminating the future of Changwon.
Conclusion: The Expansion of the Industrial Complex as a Growth Platform for the Future Economy of Changwon
The expansion project of the Changwon National Industrial Complex has a strategic vision that goes beyond mere land creation, aiming to establish an innovative growth hub centered on advanced industries.
Once the phased land supply, to be conducted gradually until 2026, is completed, it is expected that Changwon City will successfully resolve the shortage of industrial land and attract advanced enterprises.
This expansion project presents an important opportunity for Changwon, a central hub for Gyeongnam's manufacturing, to evolve into a future-oriented industrial city.
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Frequently Asked Questions (FAQ)
Q. What is the current status of the Changwon National Industrial Complex expansion project?
Phases 1 and 2 have been completed, with Phase 3 scheduled for sale in June 2026, and Phase 4 in December 2026.
The Changwon National Industrial Complex expansion project has been underway since its commencement in 2018, divided into four phases. Phases 1 and 2 have already been completed and supplied, while Phase 3 in Namji-dong is currently undergoing land preparation and obstruction removal. The sale is planned to be completed by June 2026, while the Phase 4 site in Wanam-dong is under preparation with a target of December 2026 for completion. Thus, the project is systematically carried out according to its phased plan.
Q. What are the main goals of the Changwon National Industrial Complex expansion?
Building a future advanced industrial ecosystem and alleviating the demand for existing industrial sites.
The project focuses on creating an industrial ecosystem centered around advanced industries such as future mobility, hydrogen, electricity, defense, and precision machinery. Simultaneously, it aims to resolve the industrial land shortage issue in the existing national industrial complex to revitalize the local economy. Changwon City is striving to take the lead in attracting eco-friendly and advanced industries while building a sustainable growth and business-friendly environment.
Q. Which companies are expected to reside in the expanded Changwon National Industrial Complex?
Advanced and research companies such as the Korea Automotive Research Institute and Korea Gas Corporation are already residing or expected to.
Phase 1 sites already host the Korea Automotive Research Institute, Korea Gas Corporation, and Gyeongnam Techno Park. In Phase 2, the Korea Testing Laboratory (KTC) and companies from the hydrogen and defense sectors are expected to move in during the second half of 2025. Therefore, the expansion of the Changwon National Industrial Complex is focused on attracting technology and research-centered companies, solidifying its position as a hub for advanced industries.
Q. What support policies does Changwon City implement regarding the industrial complex expansion?
Support is provided through the supply of custom-made industrial land and the swift processing of legal and administrative procedures.
Changwon City is enhancing the supply of custom-made industrial land and administrative support to meet the needs of resident companies. Legal proceedings and administrative procedures are promptly conducted to resolve issues of illegal occupation and obstruction removals early to ensure timely land sales. These efforts greatly aid in stabilizing industrial complex formation and attracting businesses, contributing to the revitalization of the local economy.
Q. What significance does the expansion of the Changwon National Industrial Complex have on the local economy?
It serves as an important stepping stone for the development of Changwon as a future industrial city and economic growth.
This expansion project is becoming a pivotal moment for transforming Changwon from a manufacturing-centered area to a hub for advanced industries. By promoting advanced industrial development and establishing eco-friendly new industry clusters, local competitiveness is enhanced, and the integration of R&D and production networks supports business activation. Consequently, the Changwon economy is anticipated to rest on a foundation of sustainable growth, positively impacting the overall Gyeongnam regional economy.
