Ulsan Metropolitan City is not only a key pillar of South Korea’s industrial economy but also an emerging energy hub in Northeast Asia. As the center of national strategic industries—such as petrochemicals, shipbuilding, automotive, and machinery—Ulsan has both high electricity demand and a well-established, advanced energy infrastructure. This industrial profile highlights Ulsan’s critical role in South Korea’s past and future economic development.

In addition to its industrial strengths, Ulsan possesses exceptional conditions to serve as a leading supply base for renewable energy—particularly in the field of floating offshore wind power. The region offers several geographical and economic advantages:

•Abundant Offshore Resources: The waters off the coast of Ulsan offer stable year-round wind conditions, with wind speeds and directions ideal for floating offshore wind power generation.

•Favorable Water Depths: Deep waters exceeding 100 meters are found relatively close to shore, providing optimal conditions for installing floating foundations.

•Integration with Existing Industrial Base: The city’s well-established infrastructure in ports, equipment manufacturing, and offshore plant engineering enables high economic efficiency and streamlined operations.

•Grid Connectivity: With high electricity demand driven by nearby industrial complexes, Ulsan offers a strong foundation for stable power consumption of the electricity generated.

•Policy Support and Regional Collaboration: Ulsan is actively promoting various policies to develop an offshore wind power cluster, supported by strong collaboration among industry, academia, and local government.

Thanks to this unique combination of strengths, Ulsan is rapidly gaining prominence as a strategic hub for South Korea’s energy transition—leveraging its industrial legacy to drive a cleaner, renewable future. Floating wind energy born from the heart of industry will serve as a key resource for local economic growth and national carbon neutrality.