Assemblyman Kim Hoe-jae, Introduces Bill Mandating Local Talent Hiring for Companies in National Industrial Complexes

"Partial Amendment to the Act on the Activation of Industrial Clusters and Factory Establishment" Introduced as a Bill

Committed to Revitalizing the Local Economy and Helping Youth Realize Their Dreams

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Kim Hoe-jae, a member of the Democratic Party of Korea (Yeosu-eul, Jeonnam), announced on the 30th that he has proposed a partial amendment to the 「Act on the Activation of Industrial Complexes and the Establishment of Factories」 to mandate the hiring of local talent by companies located in national industrial complexes.

Rep. Kim promised the cultivation of local talent and mandatory hiring by companies in national industrial complexes as one of his top 10 pledges in the last general election to overcome the deepening local economic recession and the employment difficulties faced by graduates of local universities. This bill was proposed to fulfill that promise.

National industrial complexes are industrial hubs that greatly influence the local economy and receive various forms of national support such as tax reductions and administrative convenience. Considering this, their role in revitalizing the local economy and fostering local talent is essential.

The bill proposed by Rep. Kim requires companies located in national industrial complexes to mandatorily hire local talent who have resided in the area where the national industrial complex is located for more than three years, or who have graduated or are expected to graduate from local universities or high schools in the area, as prescribed by presidential decree. It also mandates that the mayor or governor overseeing the national industrial complex region establish a ‘Local Talent Hiring Council.’

If the law passes, not only will the hiring of local talent expand, but the regions where national industrial complexes are located will also receive administrative and financial support from the national and local governments to expand employment opportunities.

Rep. Kim stated, “I promised to propose the 「Yeosu-Suncheon 10·19 Incident Special Act」 as my first bill, and finally, last Tuesday, the special act was proposed. Now, I have proposed the bill to mandate the hiring of local talent that we have been preparing for,” adding, “I will do my best until the law passes the plenary session and effectively revitalizes the local economy and enables young people to realize their dreams.”

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