'Gumi-type Job', the 6th Win-Win Job Model... 480 Billion KRW Investment to Employ 187 People
[Sejong=Asia Economy Reporter Kwon Haeyoung] The Gumi-type jobs in Gyeongbuk have been selected as the government's 6th 'Win-Win Regional Jobs'. LG Chem is expected to revitalize the local economy by investing 475.4 billion KRW over three years in Gumi and creating 187 new jobs.
The Ministry of Trade, Industry and Energy held the 5th Win-Win Regional Jobs Deliberation Committee at the Westin Chosun Hotel in Seoul on the 29th and selected the Gumi-type jobs as Win-Win Regional Jobs. Win-Win Regional Jobs are projects carried out based on agreements among economic actors such as labor, management, civil society, and government in areas including employment, investment, and welfare to promote regional investment and job creation.
Following Gwangju, Miryang, Hoengseong, Gunsan, and Busan, the Gumi-type jobs were selected as the 6th Win-Win Regional Jobs. LG Chem will establish a subsidiary, LG BCM (Battery Core Material), and invest 475.4 billion KRW over three years to build a secondary battery cathode material production plant. The plant's production capacity is 60,000 tons per year, and the scale of new employment is 187 people.
The labor, management, civil society, and government in Gumi previously held long-term social discussions, signed a win-win agreement, and concretized investment and employment plans to apply for Win-Win Regional Jobs. According to the specific agreement, LG BCM will support partner companies with safety facilities and analytical equipment, and establish an Environmental, Social, and Governance (ESG) fund and a win-win cooperation fund within the Gumi 5th National Industrial Complex. The ESG fund will be established with a 10 billion KRW investment from LG Chem and will be used to provide low-interest loans to partner companies for funds necessary for ESG management. The win-win cooperation fund, established with 3 billion KRW each from LG Chem and local governments, will be used for productivity improvement consulting, energy-saving facility support, and hazardous chemical management support.
Additionally, LG Chem signed agreements to operate specialized education programs and scholarship systems with local educational institutions such as Meister High School, Polytechnic, and Kumoh National Institute of Technology.
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Labor and management agreed on appropriate wage agreements, restraint from labor disputes, establishment of a conflict mediation committee to reasonably resolve labor conflicts and minimize disputes. The local government will provide free rent for the national industrial complex for 50 years.
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