Gwangju City Recruiting Parts Companies Utilizing Automotive Infrastructure Facilities

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 22nd that it will recruit local parts companies to utilize automotive industry infrastructure facilities in order to enhance the technological competitiveness of local parts companies.

Participating companies can apply on an ongoing basis from the 23rd through the Korea Automotive Technology Institute website, supporting about 50 cases within the year.

Selected companies will receive customized technical support using the "Automotive Parts Testing and Evaluation Equipment" (design, analysis, evaluation equipment, etc.) established at the Gwangju headquarters of the Korea Automotive Technology Institute.

Since 2016, the city has invested a total of 1.2 billion KRW of city funds to support parts companies in improving existing products or discovering new items through technology and evaluation support for lightweight design of body parts, securing durability, and improving filter efficiency.

Through this, 28 companies have carried out over 180 technical support projects, resulting in an increase in sales of 96.3 billion KRW and the creation of 103 new jobs.

In particular, Hyunseong Autotech Co., Ltd. improved the performance of developed products through wheelhouse product molding and physical property evaluation, expanded its client base by securing bids for new Hyundai Motor models, achieving over 10 billion KRW in new sales in 2018, and was selected as a Global Small Giant by the Ministry of SMEs and Startups last year.

Also, Primo Co., Ltd., which produces automotive interior and exterior LED products, received support for vibration, shock, and environmental testing necessary for the development of wireless door scuff products, supplying products to Ssangyong and Renault, and achieved an additional 1.3 billion KRW in new sales last year.

The city views the active utilization of automotive infrastructure facilities established at local research institutions as yielding results in securing corporate competitiveness, with company sales showing 17% growth (an average of 4% annually), and plans to actively support local parts companies again this year.

Companies wishing to participate in the project can receive guidance at the contact points for major equipment listed in the announcement on the notice board of the Korea Automotive Technology Institute website.

Park Jun-yeol, head of the city's Automotive Industry Division, said, "We are achieving results in regional economic growth and job creation through cultivating and strengthening the technological capabilities of eco-friendly car parts companies," adding, "We will continue to strive to strengthen the technological competitiveness of small and medium parts companies this year as well."

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