Invest KOREA

Established in 1974 in line with the government’s policy to foster the heavy chemical industry, the Changwon National Industrial Complex leads the heavy chemical industry in the Gyeongnam region and covers an area of 25,729,000 m2. It contributes to the national economy by housing 2,922 companies and hiring approximately 116,700 employees (as of 2022).

The Changwon National Industrial Complex specializes in machinery, equipment and components, with 1,521 companies in the machinery industry, 570 companies in the electrical and electronic industry, and 247 companies in the transportation equipment industry that enable the complex to focus on and specialize in related technologies. A closer look at the tenants’ business areas reveals that most of them focus on home appliances, semiconductors, defense, and nuclear power plants. The complex’s proximity to national research institutes and universities that supply an innovative workforce further creates synergy.

Since its designation in 2021 as an industrial complex specializing in materials, parts and equipment of the precision machinery sector, Changwon National Industrial Complex received support across ministries to launch joint R&D projects, build testbeds, add infrastructure, open a demonstration center, attract funds and train specialists. This year, the Korea Knowledge Industry Center operating in the complex was selected to lead the digital industry of the Gyeongnam region and is expected to champion efforts to help SMEs go digital and upgrade their technologies. In addition, the government’s recent announcement of a plan to build a national high-tech industrial complex focusing on national defense and nuclear power is expected to boost the growth of the complex by linking existing industries and future growth engines.