Created 1,813 Jobs After Designation as Regulatory Free Zone... "Contributing to Local Employment"

[Asia Economy Reporter Kim Bo-kyung] It has been revealed that 1,813 new jobs have been created nationwide after the government designated the 1st to 4th Regulatory Free Zones.

On the 1st, the Ministry of SMEs and Startups announced that, based on a survey of 357 zone operators across 24 Regulatory Free Zones, 1,813 new jobs were created after the zones were designated.

As of the end of last month, a total of 9,021 people were employed, an increase of 25.2% (1,813 people) compared to before the designation (7,208 people). The Ministry of SMEs and Startups analyzed that the Regulatory Free Zones have significantly contributed to job creation after COVID-19.

By designation period, the 2nd Regulatory Free Zone, designated in November 2019 and currently conducting full-scale demonstrations, saw the largest employment increase (795 people). The 3rd (324 people) and 4th (135 people) zones, which began demonstrations this year, also showed a gradual increase in workforce demand.

By zone, the Daejeon Biomedical Zone (202 people) and Ulsan Genome Service Industry Zone (73 people) have hired many personnel through COVID-19 diagnostic kit businesses, among others.

The Jeonbuk Eco-friendly Vehicle Zone, which recorded the highest performance (148 people) in last year’s survey, also saw an increase of 195 employees in this survey. It has continuously contributed to job recovery in the region following GM’s withdrawal.

By company size, small businesses and micro-enterprises (847 people), medium-sized enterprises (480 people), and mid-sized companies (282 people) accounted for 88.7% (1,609 people) of the total employment increase among zone operators. By industry, manufacturing, information and communication, and professional scientific and technical services (1,525 people) showed both high employment scale and growth rate, accounting for 84.1% of the total employment increase.

Minister Kwon Chil-seung of the Ministry of SMEs and Startups stated, "We plan to actively promote legal revisions to institutionalize zone projects with proven safety so that job creation achievements can be established as sustainable jobs."

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