Changwon City Conducts Root Industry Survey ... Establishing Mid- to Long-Term Support Plans

Most Root Industry Businesses Are Subsidiaries of Large Corporations, Facing Profitability Decline and Challenges in Technology Development

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[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Changwon City in Gyeongnam announced on the 20th that it will conduct a survey on the current status of the root industry until June to prepare mid- to long-term support policies for the root industry.

The root industry is a core of manufacturing quality competitiveness that determines the performance of the final product, used as 'process technology' in the manufacturing processes of automobiles, shipbuilding, and IT.

The number of root industry businesses in Changwon is 1,235, accounting for 3.8% nationwide and 29.6% in Gyeongnam.

However, most appear to be in a structure dependent on large corporations, experiencing deteriorating profitability and difficulties in technology development.

Accordingly, the city plans to visit root industry companies and hold meetings until June, and seek development plans such as production process support and workforce training through an advisory committee.

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