The First Model of Gwangju-Type Jobs 'Gwangju Global Motors' Gains Momentum with Government Support

The Special Act on National Balanced Development Amendment Bill Passed the National Assembly Plenary Session

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] With the passage of the partial amendment to the Special Act on National Balanced Development in the National Assembly plenary session, government support for the Gwangju-type job first model, Gwangju Global Motors Co., Ltd., has gained momentum.

According to Gwangju Metropolitan City on the 10th, the partial amendment to the Special Act on National Balanced Development, which was primarily proposed by National Assembly member Song Gap-seok (Democratic Party, Gwangju Seo-gu Gap), was submitted in March last year, integrated and adjusted by the Industry, Trade, and Small and Medium Venture Business Committee in October, passed through the Legislation and Judiciary Committee, and finally passed in the National Assembly plenary session on the 9th.

The main contents of the ‘Special Act on Balanced Development’ include ▲establishing grounds for central government support for win-win regional jobs ▲establishing grounds for participation of local governments and invested/endowed institutions in win-win job projects by institutions, corporations, and organizations invested or endowed ▲exemption of institutions, corporations, and organizations invested or endowed by local government invested/endowed institutions from the ‘Act on the Operation of Local Government Invested/Endowed Institutions’ ▲provisions for reduction of fees for the use and lease of public property, among others.

Gwangju City has continuously requested the National Assembly for the prompt amendment of the ‘Special Act on National Balanced Development,’ which will serve as the legal foundation for the successful promotion of win-win job projects including the Gwangju-type job, and has actively requested cooperation from the Ministry of Trade, Industry and Energy.

Looking at the reasons for proposing this law, the first is that the joint venture project for the win-win job automobile factory is evaluated as ‘a new alternative that can restore vitality to the regional economy amid the recent difficult conditions for regional investment and job creation’.

Beyond typical corporate investment and job creation, the Gwangju automobile factory establishment project is the nation’s first ‘win-win regional job’ and a model case that creates new jobs through social dialogue and win-win agreements among local governments, workers, companies, and civil society, implementing appropriate working hours, promoting co-growth and win-win cooperation. It continues to receive benchmarking requests not only domestically but also from overseas.

The automobile factory project is expected to create about 12,000 direct and indirect jobs and is also expected to contribute to regional balanced development through revitalization of the local economy.

Park Jun-yeol, head of the Automobile Industry Division of the city, said, “We are pleased that the Special Act on National Balanced Development has passed, establishing the legal foundation for government support for the Gwangju-type job.” He added, “We will actively consult with related ministries to secure government support such as joint welfare programs for the successful promotion of this project.”

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