Jeong Seung-il "Advancing the Future Car Era with Korean-style New Deal... Building Autonomous Vehicle Infrastructure"

Jung Seung-il, Vice Minister of the Ministry of Trade, Industry and Energy / Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kim Bo-kyung] Jeong Seung-il, Vice Minister of the Ministry of Trade, Industry and Energy, stated on the 12th, "We will actively utilize the Korean New Deal to support advancing the era of future vehicles."

On the same day, Vice Minister Jeong made these remarks at the government awards ceremony held at the Korea Automobile Manufacturers Association in Seocho-dong, Seoul, in celebration of the '17th Automobile Day.'

He emphasized, "To turn the crisis of the novel coronavirus disease (COVID-19) into an opportunity, we will further strengthen the future vehicle industry," adding, "The three new growth industries, including future vehicles, will be the vanguard for leaping into a leading economy and creating future sources of income."

In particular, he said, "We will expedite the establishment of infrastructure for autonomous vehicles such as roads and telecommunications, and actively promote the commercialization of contactless services based on autonomous vehicles."

Vice Minister Jeong also encouraged, "For the transition to the future vehicle industry, our parts companies must boldly pursue proactive business restructuring."

He added, "The government will expand financial and tax support under the Corporate Vitality Act and actively support parts companies' business restructuring through the operation of the parts company business restructuring support group starting this month."

At the event, 11 individuals who contributed to the development of the automobile industry, including Yang Jin-mo, Vice President of Hyundai Motor Company, were awarded honors such as orders, medals, and presidential citations.

Vice President Yang received the Silver Tower Order of Industrial Service Merit for his contributions to revitalizing the hydrogen economy and co-growth with the parts industry. Lee Hee-bang, CEO of Innotech, was awarded the Bronze Tower Order of Industrial Service Merit for his achievements in domestic localization of steering device parts through Korea’s first Korean-style design standardization.

Hwang Jun-ha, Executive Director of GM Technical Center Korea and chief developer of Korea GM’s powertrain, and Lim Seok-won, Deputy General Manager of Renault Samsung Motors, who developed and mass-produced core powertrain parts for the Renault-Nissan alliance domestically, received industrial medals.

Um Ik-du, Executive Director of Seojin Cam, Professor Min Kyung-duk of Seoul National University, Lee Kwang-beom, Director of the Korea Transportation Safety Authority, and Lee Baek-haeng, Senior Researcher at the Korea Automotive Technology Institute, received presidential citations. Jeong Jae-wook, Senior Researcher at SsangYong Motor, Lee Hyuk, Manager at Korea EFT, and Park Jun-seo, Executive Director at Hyundai Motor Company, were awarded Prime Minister’s citations.

The Automobile Day event has been held annually since 2004 to commemorate May 12, 1999, when cumulative automobile exports surpassed 10 million units. This year, due to the COVID-19 situation, the event scale was reduced by limiting attendees to awardees and their families.

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