Changwon City Prepares Measures to Overcome Corporate Crisis

Active Support for Companies Affected by COVID-19

Ryu Hyo-jong, Director of the Smart Industry Innovation Bureau, is announcing support measures for companies in Changwon City (Photo by Changwon City Hall).

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] Changwon City announced on the 4th that it is fully committed to devising measures to alleviate the difficulties of companies affected by the novel coronavirus infection (COVID-19) and to achieve early recovery.

The Smart Innovation Industry Bureau first completed a full survey of 4,750 factory-registered workplaces through the Corporate Difficulty Resolution Center. Based on this survey, the difficulties of companies are being closely monitored, and on-site support necessary for workplaces is being promoted according to type.

The support measures by type include ▲urgent distribution of health supplies such as masks and response manuals ▲implementation of quarantine measures within industrial complexes ▲strengthening financial support for small and medium-sized affected companies ▲promotion of R&D support projects for affected companies ▲additional measures to sustain corporate management ▲government proposals and requests for national funding.

Ryu Hyo-jong, Director of the Smart Industry Innovation Bureau, said, “We are making every effort to resolve difficulties such as quarantine response in industrial complexes and companies and expansion of management fund support,” adding, “We will do our best to ensure that the regional economy does not shrink and can create a flow of change through the prompt promotion of Changwon City’s future new growth projects.”

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