SEOUL, July 24 (Yonhap) -- Prime Minister Han Seong-sook said Friday that the government will do whatever it can to turn the Saemangeum reclaimed land in southwestern South Korea into a hub for artificial intelligence (AI), robotics, hydrogen and other high-tech industries.
Han made the remark during a meeting on the project at the Saemangeum Development and Investment Agency in Jeonju, some 190 kilometers south of Seoul, saying Hyundai Motor Group's 9 trillion-won (US$6.1 billion) investment plan is the beginning of Saemangeum's ever-developing future.
Hyundai's plan, announced in February, calls for utilizing 1.12 million square meters of land in the Saemangeum area to build an AI data center, a robotics manufacturing and components cluster, a water electrolysis plant and solar power facilities, among others.
The investment is expected to create around 70,000 jobs and generate an estimated 16 trillion won in economic impact.
"The 9 trillion-won investment that Hyundai Motor Group announced is the beginning of a development that Saemangeum should move toward," Han said. "As the president said a while ago, a very big picture can be drawn about the development's size, scale and how far it will grow, depending on how much effort the central and local governments will make."
The government will do everything it can to help draw additional investment and shape Saemangeum's future, she said.
(END)
- 'Dracula' featuring Jennie maintains No. 5 on Billboard 100
- (LEAD) BTS headlines first halftime show at World Cup final
- Hybe to launch new 7-member girl group Tuide this year
- 'Agent Kim Reactivated' reigns atop Netflix's weekly non-English chart for 3rd week
-
BTS headlines first halftime show at World Cup final
-
Hybe to launch new 7-member girl group Tuide this year
- (LEAD) BTS headlines first halftime show at World Cup final
- Disney+ to release 2nd season of 'Made in Korea' in Sept.
- (LEAD) S. Korea, U.S. open shipbuilding partnership center to advance MASGA initiative
-
(URGENT) S. Korea's Daejeon selected as host city for 2029 Invictus Games: veterans ministry
-
U.S. announces 12.5 pct tariffs on S. Korea, Japan over forced labor concerns
- (LEAD) S. Korea, U.S. open shipbuilding partnership center to advance MASGA initiative
- KRX activates sell-side sidecar for KOSPI on sharp decline
- Unification minister says policy on N. Korea has shifted to peace-first approach
- S. Korea, U.S. open shipbuilding partnership center to advance MASGA project