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Vision and Strategy

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Chungnam Future
Four Major Businesses
 

Four Major Businesses

Automobile

Automobile
Chungcheongnam-do accounts for 12% of total automobile production in Korea, which is the fifth largest car maker in the world. Chungcheongnam-do is emerging as a leading global production base of automobiles and auto components, with the strong presence of automobile companies such as Hyundai and KIA Motor Group to foreign companies including Johnson Controls, GM Daewoo, Asahi Glass, Denso, and Fukoku, and over 500 component manufacturers in Asan and Seosan areas.

Display

Display
Chungcheongnam-do has next-generation-high-value-added display production centers in Cheonan and Asan, areas known as the “Crystal Valley” of Korea. The province accounts for 14% of global display production and 50% of Korea’s display exports, with the presence of leading companies such as Samsung Electronics and Samsung SDI who boast technological prowess in flat panel and state-of-the-art display production.

Steel

Steel
Hyundai Steel, located in Asan Bay, is a producer of high-quality steel for automobiles, electronics, and construction. The company, which established a fully-automated steel production process and distribution system for the first in the world, has operated steel mills in association with an automobile production cluster led by Hyundai Motor Group. Dongbu Steel is known to have one of the most efficient steel mills in the world, with the world's second largest production capacity of cold-rolled and hot-rolled steel sheets. French companies such as Affival Korea and Air Liquide have already invested in this promising steel cluster in Chungcheongnam-do.

Petrochemical

Petrochemical
Daesan area in Chungcheongnam-do has one of the largest petrochemical industrial complexes in the world, supplying plastic and petrochemical products that fuel the entire Northeast Asian economy. The Daesan petrochemical industrial cluster processes and refines crude oil from the Middle East, and produces 1 million tons of ethylene and 3.3 million tons of oil on an annual basis. Currently, global companies including French oil refinery Total Fina Elf, Saudi Arabian corporation ARAMCO, Korea’s Hyundai Oil Bank and Lotte Petrochemical Co., and Japan’s Mitsubish Rayon co. operate in Daesan, transforming the region into a leading petrochemical industrial base.