of Greater Geelong will take the next step to formalise an agreement focused on
trade, education and cultural exchange with South Korea’s Changwon City, which will
base its $1-billion Land 8116 project in Geelong.
Council has agreed to proceed with a Memorandum of Understanding with Changwon
City, and will advise the Minister of Foreign Affairs of its intent to sign an
agreement under the terms of the Australia’s Foreign Relations (State and
Territory Arrangements) Act 2020.
City, which approached Greater Geelong requesting an MOU, is an industrial and
manufacturing hub on the southeast coast of the Republic of South Korea, and home
to major global manufacturers including Hanwha Corporation and its subsidiary
Hanwha Defence Australia (HDA).
has just been confirmed as the provider for the Commonwealth’s $1-billion Land
8116 project to build and maintain heavily artillery and ammunition resupply
vehicles, and will base its operations in Geelong.
is also one of two companies that has been selected by the Commonwealth to
supply Land400 tanks to the Australian Defence Force, a contract worth $27
billion over 10 years.
is Hanwha’s preferred location for the Land400 project, which would create up
to 350 jobs. An announcement of the Land400 tender is expected next year.
agreement will be reviewed annually to assess the benefits for both cities.
I welcome the drafting of an MOU with the South Korean city,
which aims to provide significant opportunities for Geelong, local
organisations and the wider community.
the Hanwha facility in Geelong will have a huge impact on our local economy, and
employment is such a critical factor in our post-pandemic recovery and the
City’s continue growth and prosperity.
MOU would be open to any organisation or group in the Geelong region that
wishes to take advantage of the relationship with Changwon City.
Councillor Peter Murrihy
The MOU will align with Our Community Plan 2021-2025 and our community led 30-year Vision.
initiative intends to support the community aspiration: a destination that
attracts local and international visitors; a prosperous economy that supports
jobs and education opportunities; and a creative and diverse culture.
is an exciting opportunity that has the potential to lead to many positive
outcomes for organisations and institutions in Greater Geelong.