Masan Free Trade Zone to Accelerate Logistics Innovation and Transition to Carbon Neutrality

Selected for Three Ministry of Trade, Industry and Energy Projects
Yoon Han-hong: "Strengthening Competitiveness,
Great Expectations for Revitalizing the Local Economy"

With the Masan Free Trade Zone in South Gyeongsang Province being selected for three projects in a competition by the Ministry of Trade, Industry and Energy, the zone is now set to accelerate logistics innovation and the transition to carbon neutrality.

On July 11, National Assemblyman Han-hong Yoon (Masan Hoewon District, Changwon Special City) announced, "The Masan Free Trade Zone has been chosen for three key projects in the Ministry of Trade, Industry and Energy’s 2026 industrial complex support initiative," adding, "This lays the groundwork for simultaneously pursuing logistics innovation and eco-friendly transformation."

Yoon Hanhong, Photo provided by the lawmaker's office

This year, the Ministry of Trade, Industry and Energy selected a total of 76 projects worth 90.4 billion won to support manufacturing AI transformation (M.AX), carbon neutrality transition (GX), improvement of working environments, and strengthening innovation capabilities within industrial complexes.

Through the selection in this competition, the Masan Free Trade Zone will receive 5 billion won in national funding over the next three years for the Smart Logistics Platform Project, enabling the establishment of a digital-based logistics system to enhance logistics efficiency and corporate competitiveness.

In addition, for the Smart Energy Platform Project, 2 billion won in national funding will be invested over three years to efficiently manage energy use and build a foundation for reducing carbon emissions, thereby accelerating the transition to an eco-friendly industrial complex.

Furthermore, for the Energy Self-sufficiency Infrastructure Project, 20 billion won in national funding will be provided over four years to develop energy infrastructure such as an integrated energy management system, which is expected to further strengthen the foundation for energy self-reliance.

Assemblyman Yoon stated, "The selection of these projects marks an important milestone for the Masan Free Trade Zone to leap forward as a future-oriented industrial complex," and added, "Based on the national funding, the digital transformation of manufacturing sites and energy innovation will be accelerated, which is expected to not only strengthen the competitiveness of resident companies but also greatly contribute to revitalizing the local economy."

He went on to emphasize, "I will continue to work closely with the government to secure the necessary national funding and follow-up support so that the Masan Free Trade Zone can grow into an industrial complex that leads manufacturing innovation in Korea."

As news spread throughout the region that the Masan Free Trade Zone had been selected for three Ministry of Trade, Industry and Energy projects, there is growing hope among local residents for the revitalization of the stagnant Masan economy.

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