"With Complete Energy Infrastructure in Ulsan"... Mayor Kim Sangwook Appeals to Attract Korea Energy Resources Corporation to Ulsan

"National Competitiveness Must Take Priority, Not Regional Division"

Ulsan Mayor Kim Sangwook has made a formal appeal to attract the Korea Energy Resources Corporation to Ulsan. He argues that, rather than distributing agencies regionally, related institutions should be integrated into Ulsan, where the energy industry’s functionality and infrastructure are already established.

Mayor Kim recently released a statement emphasizing that "the integration and relocation of public institutions are issues that should not be determined by the interests of specific regions, but rather by function, efficiency, and the benefit to the public."

The foundation for Mayor Kim’s proposal to bring the headquarters to Ulsan is the city’s energy industry base. Ulsan Port is not only Korea’s largest port for handling petroleum, natural gas, ammonia, and naphtha, but also the fourth largest liquid cargo port in the world. The city also houses the Korea National Oil Corporation’s 16.8 million-barrel oil stockpiling facility, as well as storage facilities for petroleum products and LNG.

Ulsan is equipped not only for the oil and chemical industries but also for next-generation energy. The city has built a hydrogen pipeline network of approximately 198 kilometers, while construction is underway at Bukshin Port to create a hydrogen terminal with an annual capacity of 320,000 tons by 2030. S-Oil’s Shaheen Project, with an investment of 9.258 trillion won, is also scheduled for commissioning at the end of this year.

Mayor Kim highlighted that "it is rare, even on a global scale, to find a region where an ecosystem for storing, producing, processing, and industrially utilizing both traditional energy and future energy sources such as hydrogen, ammonia, and wind power is so comprehensively established."

Regarding the integration of Korea Gas Corporation and Korea National Oil Corporation into the Korea Energy Resources Corporation, Mayor Kim asserted that the decision should not simply be based on the size of the existing institutions, but must take into account their synergy with the established energy industry.

He appealed, "The integration location for the Korea Energy Resources Corporation should be determined by where it can provide more reliable and efficient energy to the public and businesses nationwide. Please join efforts to foster Ulsan as the Northeast Asia energy hub."

On the 8th, at the Westin Chosun Busan Hotel where the 4th Busan-Ulsan-Gyeongnam Policy Council was held, Ulsan Mayor Kim Sangwook (center) handed a proposal for attracting the integrated headquarters of the Korea National Oil Corporation and Korea Gas Corporation to Busan Mayor Jeon Jae-soo and Gyeongnam Governor Park Wan-su.

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