Gyeonggi-do Forms Practical Council for Public Rental Industrial Complex

[Asia Economy (Uijeongbu) = Reporter Lee Young-gyu] Gyeonggi Province has formed a working council for the concrete implementation of the 'Public Rental Industrial Complex.'

On the 21st, Gyeonggi Province announced that it has formed a working council to prepare a concrete implementation plan for the 'Public Rental Industrial Complex' project, which lowers rent to one-third of the existing level to reduce the burden on small and medium-sized enterprises (SMEs).

The Gyeonggi Province-type Public Rental Industrial Complex was promoted after Governor Lee Jae-myung received a proposal on social networking services (SNS) from an SME owner stating, "Industrial sites with infrastructure are too expensive to purchase or rent, making it impossible for small businesses to consider. It would be great to create a public rental industrial complex to lease factories at reasonable prices," and instructed a review of this suggestion.

The core of the Public Rental Industrial Complex is to reduce rent to one-third of the current level and to subdivide industrial land plots into small units to lessen the burden on companies.

Gyeonggi Province will supply some land plots in the Pyeongtaek BIX, scheduled for completion by the end of the year, and the Yeoncheon BIX industrial complex, scheduled for completion next year, as public rentals. The working council includes Gyeonggi Province, Pyeongtaek City, Yeoncheon County, Gyeonggi Research Institute, and Gyeonggi Housing and Urban Corporation.

The council will play a role in successfully leading the project by conducting case reviews, research services, and developing concrete implementation plans.

Additionally, through the Gyeonggi Research Institute, a 'Gyeonggi Province-type Public Rental Industrial Complex Discovery Service' has been initiated to identify target areas beyond Pyeongtaek and Yeoncheon.

Ryu Gwang-yeol, Director of the Gyeonggi Province Economic Office, stated, "We will build a Gyeonggi Province-type public rental industrial complex model so that SMEs can enter industrial complexes at low cost and carry out business activities," adding, "We expect it to serve as a catalyst for revitalizing the local economy and creating jobs."

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