Gwangju City Selected as Final Winner in 'Industrial Complex Major Renovation Project' Competition

Establishing an 'Automotive Industry Cooperation Belt' Linking Hanam and Bitgreen Industrial Complexes as Advanced Industrial Cluster Hubs

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City, Korea Industrial Complex Corporation Gwangju-Jeonnam Regional Headquarters, and Gwangju Technopark Foundation announced on the 10th that they have been finally selected in the government ministries' joint 'Industrial Complex Revitalization Project' contest.

This project, targeting the Cheomdan, Hanam, and Bitgreen Industrial Complexes, will gradually invest a total project cost of 760 billion KRW over three years, divided into smart innovation, smart environment, and smart talent sectors.

The Industrial Complex Revitalization Project, initiated last November by the Job Promotion Committee, is a government joint effort to overcome the problems of individual industrial complex support methods and resolve job mismatches. If a metropolitan local government establishes an 'Industrial Complex Innovation Plan,' the central government will concentrate ministry budgets over three years to transform the area into an innovation hub.

The Ministry of Land, Infrastructure and Transport and the Ministry of Trade, Industry and Energy selected five leading industrial complex regions, including Gwangju, from 11 participating cities and provinces through pre-consultation on detailed project plans, project plan evaluations, and presentation reviews.

To prepare for the contest, Gwangju City signed cooperation agreements with related organizations since March, formed a T/F team, and prepared the contest project in various ways. They established an industrial complex revitalization plan centered on the city's key industry, the automobile industry, and applied to the government. As a result, they received high evaluations in job creation effects and local government commitment, leading to final selection.

The Gwangju Industrial Complex Revitalization Project aims to foster industries centered on automotive electronic components and complex molds by utilizing the innovation resources of the key Gwangju Advanced Science Industrial Complex. Hanam Industrial Complex will focus on nurturing body, chassis assembly, and mold industries to create a 'Gwangju-type automobile industry cooperation belt' capable of supplying high-quality parts to the Gwangju Global Motors complete car factory in Bitgreen Industrial Complex.

Furthermore, the Cheomdan Industrial Complex will be developed into a smart industrial complex by spreading smart factories and establishing a manufacturing data center.

Through the Industrial Complex Revitalization Project, Gwangju City aims to create 10,000 jobs over three years, increase the manufacturing sector's share of GRDP by 1.7% to 26.6%, increase manufacturing value-added by 1.3 trillion KRW, and attract 369 companies.

Gwangju City plans to form the 'Gwangju Industrial Complex Revitalization Project Promotion Team (tentative name)' jointly with related organizations and finalize detailed project plans through consultations with government ministries. Subsequently, they will secure next year's national budget and proceed with the project step by step.

Park Nam-eon, Director of the City’s Job Economy Office, said, "Through this Industrial Complex Revitalization Project, we will significantly enhance the competitiveness of local industrial complexes, which account for 82% of regional manufacturing production, and create an opportunity to accelerate the development of the key automobile industry."

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