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The government is accelerating its plans to establish Smart Green Industrial Complexes nationwide by 2025 as part of the Green New Deal, a key part of the Korean New Deal’s broader sustainable growth initiative under the Moon Jae-in administration.

The grand plan seeks to promote digital and green transformations within high-tech industrial complexes while bolstering job creation efforts and energy efficiency.

Fifteen smart industry complexes will be set up in existing complexes by 2025. Currently, those complexes are defined by high-carbon, inefficient energy consumption and environmental pollution, but they will be transitioned into eco-friendly manufacturing complexes where high-tech future-oriented industries are fostered.

Action plans will be outlined to make the best use of each industrial complex’s three components: the industry, space and people.

Digital infrastructure will be set up to hasten the digitalization of all industrial value chains, encompassing design, architecture, production, distribution and logistics.

A design manufacturing innovation center will be built, alongside a simulation center, a data center and a shared logistics platform.

Regulations and the institutional framework will be revised to help lay the groundwork for sustainable growth and promote healthy and productive circulation of the entire industrial cycle of a firm: launch, growth and eventual closure.  

The government will help commercialize new and innovative products by developing marketing strategies. Information technology will be employed to match investors to startups in the complexes.

The relevant data and digital infrastructure for industries, energy, safety, environment and logistics will be fully utilized during Government-mediated consulting to aid this reorientation of business models. Tax incentives and financial assistance will be provided to spur corporate research and development efforts.

The transition to a low-carbon, green economy will be advanced by highly efficient energy innovation. Industrial complexes will expand the use of new and renewable energy sources to run their facilities.

Data stored by industrial complexes will identify how firms are causing environmental pollution.

The government will facilitate eco-industry development, raising the number of related projects to 81 by 2025. Among them are businesses that recycle waste heat and water and other by-products. It will provide assistance for businesses that help repair old and broken facility equipment still in operation, thereby reducing the cost for cleaning up polluted sites.

A pilot operation of hydrogen-powered trucks inside the complexes, among other plans, will enhance the development of related technology.

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