Gwangju City Supports the Development of the Future Automotive Industry

Co-hosting the 'Future Car Industry Legislative Public Hearing' with National Assembly Member Yang Hyang-ja

On the afternoon of the 12th, Lee Yong-seop, Mayor of Gwangju Metropolitan City, attended the "Legislative Public Hearing for the Promotion of the Future Automobile Industry" held at the Gwangsan-gu Gwangju Green Car Promotion Agency, and took a commemorative photo with guests including Yang Hyang-ja, Member of the National Assembly, and Kim Yong-jip, Chairman of the Gwangju City Council. Photo by Gwangju Metropolitan City

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] On the 12th, Gwangju Metropolitan City held a "Legislative Public Hearing for the Promotion of the Future Automobile Industry" at the Gwangju Green Car Promotion Agency, attended by more than 50 people including officials from related automobile industry organizations and representatives of parts companies.

This public hearing was organized by Gwangju City and hosted by the office of National Assembly member Yang Hyang-ja (Gwangju Seo-gu Eul).

The event was chaired by Professor Naju Mong of Chonnam National University, followed by a keynote presentation by Yoo Si-bok, director of the Korea Automotive Technology Institute, and discussions by Seo Gil-won, head of the Future Automobile Industry Division at the Ministry of Trade, Industry and Energy, Park Jun-yeol, head of the Automobile Industry Division at Gwangju City, and Kim Ju-hong, executive director of the Korea Automobile Manufacturers Association.

The Future Automobile Industry Act is a bill designed to support research and development, business transformation, and demand creation so that the regional parts industry can smoothly transition into the future automobile industry and generate synergistic effects through industrial concentration.

During the discussion, the necessity of establishing a nurturing system and infrastructure to lead the future automobile industry was raised.

In particular, opinions were presented that special support through cluster designation is needed, including incentive policies such as business transformation funding support and institutional improvements to secure professional manpower.

So far, the government has provided various financial supports to the automobile industry, but there have been difficulties due to the lack of clear grounds for specific support for the future automobile industry.

Once this bill is enacted, it is expected to establish systematic and comprehensive support measures for parts companies transitioning to future vehicles, promoting future automobile technology standardization and utilization such as parts development, autonomous driving, certification, evaluation, and demonstration.

Additionally, it is anticipated to give a green light to the revitalization of economic free zones including the Bitgreen Industrial Complex.

Assembly member Yang Hyang-ja stated, "I will do my best to ensure that the related bill is enacted in the National Assembly by reflecting the discussions from the public hearing."

The Ministry of Trade, Industry and Energy plans to promptly prepare detailed related regulations to support the law once it is enacted.

Gwangju City will begin laying the foundation so that the Bitgreen Industrial Complex, which will lead the eco-friendly future automobile industry, can be designated as a future automobile industry cluster complex once the Future Automobile Industry Promotion Support Act is enacted.

Mayor Lee Yong-seop said, "This legislative public hearing is a very meaningful occasion for the promotion and securing competitiveness of Gwangju's automobile industry," and added, "I hope that comprehensive and practical measures for related legislation will be prepared through the expertise and insight of specialists."

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