Yeongam-gun, Transforming into a Business-Friendly Region for Companies

Accelerating Corporate Competitiveness through Continuous Investment and Business Support

Aerial view of Daebul National Industrial Complex, Yeongam-gun / ? Asia Economy

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] In 2021, Yeongam-gun, Jeollanam-do, is making continuous investments and efforts to strengthen the competitiveness of the shipbuilding industry, a local base industry, and to diversify its business structure. It is doing its best to foster small and medium-sized enterprises (SMEs) in the area by supporting their commercialization and providing technical assistance to improve management soundness and facility upgrades.

According to Yeongam-gun on the 3rd, it was selected in 2018 for the Ministry of Trade, Industry and Energy’s industrial crisis response special zone designation project, the “Joint Construction Facility Infrastructure Project for Medium and Small-sized Ships.”

This project, with a total budget of 12 billion KRW including 6 billion KRW of national funds, is currently underway. Last September, a floating dock joint launching yard was established, and the infrastructure is expected to be completed by next year. Through this, it is anticipated that shipbuilding companies will secure price competitiveness by reducing ship costs and logistics expenses. It is also expected to contribute to increasing corporate profits and revitalizing the local economy by securing ship orders from other regions.

The “High-end Technology Infrastructure Project for Leisure Ship Parts and Equipment,” aimed at securing competitiveness in the leisure ship parts and equipment market and establishing a systematic corporate support system, was completed in September 2019 with a total budget of 20.3 billion KRW including 10 billion KRW of national funds. Currently, 25 types of performance testing and evaluation equipment for parts and materials have been established.

It is expected to greatly contribute to regional economic revitalization by securing competitiveness through the development of new products that combine high quality and design in the leisure ship industry, product localization, increased corporate sales, and job creation.

Additionally, the “Aluminum Small Ship Development Project,” with a total budget of 11.45 billion KRW including 6.3 billion KRW of national funds, is being promoted with the goal of establishing a development support center and 15 types of technical and performance evaluation equipment to systematically support the aluminum small ship industry.

In May, the Aluminum Small Ship Development Support Center was completed. Efforts will be made to secure production technology infrastructure and develop advanced technologies to enhance technological and price competitiveness, aiming to lead the market and increase sales.

The “Smart Factory Distribution and Expansion Project,” which integrates the entire process of product planning, design, production, distribution, and sales through IT technology to produce customized products at minimal cost and time, is being promoted with a total budget of 3.3 billion KRW including 1.7 billion KRW of national funds. The project aims to support the establishment and advancement of smart factories suitable for the field.

This year, 22 companies located in Yeongam-gun were selected for the project and are currently implementing it. It is expected that modernization of facilities through the spread of smart factories will improve productivity and quality, and contribute to resolving management difficulties of SMEs through cost reduction effects.

The “Leading Root Industry Company Development Project,” which supports the advancement of the root industry, the foundation of manufacturing, is investing a total of about 1.5 billion KRW including 900 million KRW of provincial funds to designate specialized root industry companies and develop basic technologies and customized human resources.

Since the welding industry, included in the root industry within the shipbuilding industry and Daebul Industrial Complex, accounts for the majority, efforts will be made to support many companies located in Yeongam-gun to increase sales and strengthen competitiveness, thereby aiding corporate management.

Furthermore, the “Jeonnam-type Strong Small and Medium Enterprise Development Project” is being promoted to discover small but strong companies with growth potential and nurture them into global strong small and medium enterprises through systematic support.

With a total budget of 100 million KRW including 50 million KRW of provincial funds, this project supports promising companies located in Yeongam-gun with customized assistance to foster them into companies with independent growth foundations, expected to lead to increased sales and job creation.

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