Daejeon City Identifies and Provides Proactive Support to 'At-Risk Companies' Leaving the Region

Mayor Heo Tae-jeong of Daejeon (first on the right) is introducing the operational direction of the 'Corporate Inflow and Outflow Management System' to local economic organizations and related institution officials. Provided by Daejeon City

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is establishing a foundation to help companies that are likely to leave the region settle locally by selecting and supporting them based on data.

On the 3rd, the city announced that it will officially operate the "Corporate Outflow and Inflow Management System," which is based on this concept.

This system primarily collects data from Korea Enterprise Data monthly and compares and analyzes management indicators such as sales revenue by company to identify companies in need of support.

It also includes functions to view the status of outflow and inflow for companies with five or more employees.

Based on this, the city plans to focus on listening to the voices of each company through "Corporate Cooperation Officers (city officials)" and the Daejeon, Sejong, and Chungnam branches of the Korea Management Technology Guidance Association.

The city completed the first phase of system development last month and plans to match companies with Corporate Cooperation Officers and record their activities to systematically manage corporate difficulties.

Furthermore, by the end of July, the city aims to finalize system development by adding data analysis functions.

To support companies in firmly establishing themselves in the region, the city also signed a business agreement to cooperate in resolving corporate difficulties with 18 related organizations and economic groups.

The agreement ceremony was attended by heads of local institutions and organizations, including the head of the Daejeon Regional Employment and Labor Office, the head of the Daejeon-Sejong Regional Small and Medium Venture Business Administration, and the president of the Daejeon Chamber of Commerce and Industry.

Heo Tae-jeong, mayor of Daejeon, said, "We will maintain trust and cooperative relationships by paying close attention to local companies and communicating closely," adding, "We will strengthen cooperation with related organizations and economic groups so that companies can take root in the region and grow as partners."

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