Kim Jeong-hwan, Chairman of Korea Industrial Complex Corporation

Kim Jeong-hwan, President of the Korea Industrial Complex Corporation (center), is attending the 'COVID-19 Overcoming Fundraising Ceremony with Labor and Management' held at the Daegu headquarters and posing for a commemorative photo with officials.

Kim Jeong-hwan, President of the Korea Industrial Complex Corporation (center), is attending the 'COVID-19 Overcoming Fundraising Ceremony with Labor and Management' held at the Daegu headquarters and posing for a commemorative photo with officials.

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[Asia Economy Reporter Kim Daeseop] "We are all exhausted as if passing through a tunnel with no end in sight, but at times like this, please remember our institution's mission to support tenant companies and gather more strength."


Kim Jeonghwan, President of the Korea Industrial Complex Corporation (KICOX), made this request to employees during a recent regular meeting ahead of his 100th day in office.


President Kim expressed gratitude for the hard work of employees striving to support tenant companies in industrial complexes facing the COVID-19 crisis, saying, "Each regional headquarters should strive to find cases where difficulties have been well overcome despite the COVID-19 crisis and even further development has been achieved, so that we can deliver messages of hope to companies."


President Kim took office in March this year, when the spread of COVID-19 became full-scale. He marked his 100th day in office on the 27th. Considering the serious situation related to the spread of COVID-19 from his first day, he replaced the inauguration ceremony with a virtual event and chose to visit the Gumi National Industrial Complex Quarantine Support Center as his first field activity. He inspected the site supporting quarantine for tenant companies and encouraged frontline employees. Since then, he has been urging employees to thoroughly respond to and implement measures against the COVID-19 crisis.


President Kim has ordered all regional headquarters and branches to do their best in quarantine and support to minimize damage to industrial complexes and tenant companies during their inspections. He is also promptly identifying the damage status of tenant companies, taking measures, and monitoring the results in real time.


Since taking office, he has conducted more than 20 visits to small and medium-sized enterprises and participated in local volunteer activities to overcome COVID-19. He met with business owners to listen to their difficulties caused by COVID-19 and sought support measures. To revitalize manufacturing companies weakened by COVID-19 and support the growth of industrial complex tenant companies by resolving regulations, he also signed a business agreement with the Korea Institute for Advancement of Technology for "Resolving Regulatory Difficulties and Strengthening Technological Competitiveness of Industrial Complex Tenant Companies."


Kim Jeong-hwan, President of Korea Industrial Complex Corporation

Kim Jeong-hwan, President of Korea Industrial Complex Corporation

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President Kim designated this month as the "Focused Period for Rural Labor Support to Overcome COVID-19." This was intended to support local farms facing labor shortages due to COVID-19. On the 16th, about 60 KICOX employees, including President Kim, visited onion and garlic farms in Gyeongsan City and Cheongdo County, Gyeongbuk Province, to assist with harvesting and sorting. Also, on the 9th, KICOX joined forces with its labor union to raise 40 million won in donations to support the stabilization of the low-income economy in Daegu, the area hardest hit by COVID-19.


Since his inauguration, President Kim has shown a strong will to make KICOX a trusted and beloved organization by companies and the public. He plans to continue various support activities to help industrial complexes, tenant companies, and local communities overcome the COVID-19 crisis.



President Kim said, "COVID-19 response activities will be carried out by each regional headquarters according to local circumstances while continuously managing the situation and systematically promoting cooperation with related organizations. KICOX will continue to grow sustainably as an organization that is always alert to customers' voices and creates synergy through collaboration."


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

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