Park Seongho, Head of BJFEZ, Visits Gangrim CSP to Discuss New Investments in Strategic Items On-site

Listening to Companies On-Site
Exploring Practical Support Measures for Industrial Development
Through Public-Private Cooperation

On the afternoon of August 19, Park Seongho, head of the Busan-Jinhae Free Economic Zone Authority, visited Gangrim CSP (Chairman Lim Subok), the nation’s largest seamless steel pipe manufacturer. At the investment site, he listened to the company’s challenges and discussed measures to support industrial revitalization, as well as the discovery of new businesses based on BJFEZ’s strategic items.

On the 19th, Park Seongho (4th from the right), head of Busan-Jinhae Free Economic Zone Authority, who attended Gangrim CSP for on-site discussions on new investments in strategic items for BJFEZ, is taking a commemorative photo with Gangrim CSP officials. Provided by BJFEZ

This visit was arranged to directly communicate with companies interested in new investments and the development of new businesses based on the five high value-added strategic items selected by BJFEZ-green coffee beans, cold chain components, shipbuilding equipment, hydrogen energy, and robot parts-leveraging the complex logistics infrastructure and port cargo volume of the Busan-Jinhae Free Economic Zone. The aim was to hear about difficulties and unnecessary regulations on site and to seek support measures for industrial development.

Established in 1976, Gangrim CSP is a specialized manufacturer of seamless steel pipes used in shipbuilding, offshore plants, petrochemicals, and power generation facilities. It holds a 70% share of the domestic market and is recognized both domestically and internationally for its stable supply chain, which is supported by the nation’s largest steel logistics center.

Seamless pipes are steel pipes without welded seams, offering superior strength and pressure resistance, making them suitable for special environments such as power plants and offshore plants.

In addition, Gangrim CSP has shown active interest in expanding into new business areas based on integrated logistics, leveraging its accumulated experience and technological expertise in operating large-scale steel logistics centers and connecting with the logistics infrastructure of the Busan-Jinhae Free Economic Zone.

On this day, the Busan-Jinhae Free Economic Zone Authority visited the industrial site in person to carefully listen to the company’s challenges, discuss ways to connect government and local policies, and address the need for regulatory improvements. The authority also discussed strengthening the cooperation network between related organizations and private companies to promote proactive policy initiatives that meet the needs of businesses and vitalize the strategic item industries.

Park Seongho stated, “It is very encouraging that capable companies like Gangrim CSP are taking the lead in developing new businesses based on strategic items. The Free Economic Zone Authority will spare no policy support to ensure that companies’ innovation efforts lead to tangible results.”

This content was produced with the assistance of AI translation services.