Suncheon-si Enhances Corporate Competitiveness Through Smart Factory Implementation Support

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City (Mayor Heo Seok) announced on the 26th that it will support 510 million KRW this year for the ‘Smart Factory Distribution and Expansion Project’ aimed at manufacturing innovation for small and medium-sized enterprises (SMEs) and mid-sized companies.

A smart factory refers to an advanced intelligent factory that applies ICT (Information and Communication Technology) throughout all production processes from product planning to sales, producing customized products at minimal cost and time. The introduction of smart factories is an essential strategy for SMEs’ survival in the era of the 4th Industrial Revolution.

The government has designated the distribution of smart factories as a leading project for innovative growth and is promoting it with a goal of distributing 30,000 units by next year.

Suncheon City, following its support for the establishment of 13 smart factories last year, has also allocated a budget of 510 million KRW this year to support the establishment of smart factories in 17 SMEs, aiming to distribute 75 units by next year.

In addition, before implementing the project, the city diagnoses the level of companies and supports expert consulting necessary for establishing smart factory strategies and factory operations through the ‘Smart Factory Distribution and Expansion Capacity Building Project,’ thereby enhancing the effectiveness of the project.

A Suncheon City official stated, “In addition to financial support necessary for smart factory establishment, we plan to raise the competitiveness of local manufacturing companies and create quality jobs through customized pre- and post-support for smart factory establishment, thereby laying the foundation for the long-term realization of a ‘more prosperous economic city.’”

For more detailed information on smart factory establishment and support, please contact the Future Industry Division of Suncheon City.

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