“The Gwangju Free Economic Zone is propelling Korea into an AI-enabled future,” shared GJFEZ Commissioner Jin-chul Kim. “We are creating a core for future industries such as future mobility, smart energy and health care based on AI convergence.”
This commitment was on full display at the recent Gwangju International Investment Forum, where the GJFEZ acted not only as an organizer, but also as a promoter of business connections. Under the theme of “Fueling the Future,” the forum aimed to stimulate business connections and increase investment opportunities, setting a firm foundation for future foreign investment in Gwangju. The event was enhanced by the presence of such revolutionary tech companies as Detroit Electric, Uprise Energy, Quanergy Solutions, Glass Dyenamics and many more.
International industrial giants like Amkor Technology, a global semiconductor packaging company, and Alps Korea, which is a subsidiary of Alps Alpine, a well-known Japanese company, already have robust operations in the city. Following the successful forum, the GJFEZ anticipates more global partners to join its thriving economic ecosystem.
Since its establishment as the administrative authority in 2021, Gwangju has rapidly evolved into an AI-centric hub for new industries. “The priorities of Gwangju are clear-cut, and it has the infrastructure to support industry-specific needs, which have driven outstanding results,” Kim said.
A cornerstone of GJFEZ’s five-year plan is the recently built National AI Data Center. Representing an investment of 411.6 billion won ($350 million), this state-of- the-art facility is designed to attract AI-focused businesses. Additionally, as the second phase in the platform for future mobility industries, the upcoming mobility industrial district stands as pivotal initiative dedicated to advancing AI and eco-friendly automotive technology.
GJFEZ places a high priority on green development and sustainability. “We have a stringent vetting process to ensure companies align with our sustainability standards,” Kim shared.
Over the next five years, the GJFEZ aims to reinforce its position as a leading hub for key strategic industries. It envisions becoming a sustainable global “smart city” where businesses can flourish in a high-quality living environment.
As Gwangju becomes the cornerstone of South Korea’s AI evolution, the city’s ambitious vision is on track to become a reality, solidifying its position as a global economic powerhouse.