Gwangju City Ranks First Among Metropolitan Cities in Overall Industry Business Growth Rate

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced the results of the 2019 business establishment survey conducted in June last year on the 16th.

This survey covered 19 industries and showed that the number of business establishments increased by 3.4% (4,089 establishments) and the number of employees increased by 2.5% (15,611 people) compared to the previous year. This was the highest increase among metropolitan cities.

In particular, the number of business establishments was 1.8 percentage points higher and the number of employees was 0.8 percentage points higher than the metropolitan city average growth rate.

In terms of business establishments, all industries except for "Agriculture, Forestry, and Fisheries" increased, and the number of employees increased in all industries except for "Finance and Insurance," "Real Estate," "Manufacturing," "Agriculture, Forestry, and Fisheries," and "Mining."

Among industries with more than 1,000 business establishments, "Transportation and Warehousing" increased by 15.7% (1,534 establishments) compared to the previous year, showing the highest growth rate, with road freight transportation increasing the most within this category.

Next were "Real Estate" with an 8.3% increase (426 establishments) and "Professional, Scientific, and Technical Services" with a 7.8% increase (252 establishments).

Also, the number of employees in "Health and Social Welfare Services" increased by 7.5% (5,136 people), showing the largest increase, followed by "Professional, Scientific, and Technical Services" with 7.0% (1,349 people) and "Accommodation and Food Services" with 5.3% (3,245 people).

"Electricity, Gas, Steam, and Air Conditioning Supply" saw a 57.3% increase (118 establishments) in business establishments compared to the previous year, and the number of employees also increased by 20.0% (278 people). This was due to solar power generation companies increasing from 187 to 307, a 64.2% rise.

By employment status, the number of regular employees increased by 3.0% (11,092 people), self-employed and unpaid family workers by 2.5% (2,944 people), and temporary, daily, and other workers by 1.2% (1,575 people) compared to the previous year. Additionally, over the past 10 years, business establishments have increased by 2.2% annually and employees by 2.6% annually.

Looking at the growth rates of business establishments and employees in metropolitan cities, business establishments increased in the order of Gwangju, Incheon, and Daejeon, while employees increased in the order of Gwangju, Daejeon, and Incheon, showing that Gwangju had a significantly higher growth rate than other metropolitan cities.

The results of this business establishment survey can be found on the Gwangju City website and the National Statistical Portal.

Moon Young-hoon, Director of the City Planning and Coordination Office, said, "The number of business establishments and employees in Gwangju is on an increasing trend every year," adding, "With the advent of the Fourth Industrial Revolution era, many companies are expected to gather in Gwangju and jobs to increase due to the city's focus on AI, the automobile industry, and the energy industry."

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