The Hanyang Corporation has vowed to convert the city of Yeosu, South Jeolla Province, into a hub for liquified natural gas (LNG) in the Northeasr Asia. Hanyang’s ambitious project for Yeosu was approved by the Ministry of Trade, Industry and Energy (MOTIE), setting the stage for Hanyang’s plans to storage tanks, a shipping harbor, and other industrial facilities for LNG production and transport by 2024.