Gwangju Innovation Promotion Committee Recommends Strengthening Competitiveness by Establishing an Industrial Policy Platform

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] The Gwangju Innovation Promotion Committee (Chairman Ju Jeong-min), directly under the Mayor of Gwangju Metropolitan City (hereinafter ‘Innovation Promotion Committee’), announced on the 3rd that it recommended to Gwangju City the first administrative innovation task of 2020: ‘Strengthening Regional Industrial Competitiveness through the Establishment of an Industrial Policy Platform.’

This recommendation is the eighth administrative innovation recommendation since the Innovation Promotion Committee was launched as a deliberative body directly under the mayor on November 27, 2018, following public institution innovation, activation of municipal art groups, smart manufacturing innovation, establishment of the Gwangju-type welfare model, reestablishment of Gwangju library policy, and data-driven administration.

Gwangju City is making this year the first year to leap forward as the number one economic hub, strengthening the competitiveness of the regional economy and industry through artificial intelligence, Gwangju-type jobs, and economic free zones.

For Gwangju City’s economic and industrial policies to achieve their intended results, it is essential to develop competitive regional industrial projects and nationalize them, and to strengthen the capacity of regional economic and industrial policies to support this.

Accordingly, the Innovation Promotion Committee recommended 19 innovation tasks under three basic directions aimed at ‘Strengthening Regional Industrial Competitiveness through the Establishment of an Industrial Policy Platform’ in response to the Fourth Industrial Revolution era: ▲ Establishing policies linked to national policies through economic and industrial status analysis ▲ Strengthening competitiveness and establishing a crisis response system by building a metropolitan economic and industrial zone in Gwangju ▲ Building a sustainable regional economic and industrial policy platform through public-private cooperation.

Going forward, the Innovation Promotion Committee plans to deliver the 8th administrative innovation recommendation to Gwangju City and continuously monitor the implementation by requiring the preparation of detailed execution plans within three months and reporting them to the committee.

Ju Jeong-min, Chairman of the Gwangju Innovation Promotion Committee, said, “The Innovation Promotion Committee has played a role in changes in Gwangju’s economic and industrial sectors, such as recommending strengthening regional industrial competitiveness through smart manufacturing innovation,” and added, “For Gwangju to develop into an economic innovation city that citizens can feel, it is necessary to prepare mid- to long-term economic and industrial policies from a new perspective.”

This content was produced with the assistance of AI translation services.