Daegu Mayor Kwon Young-jin to Provide Comprehensive Support for Revitalizing Local Construction Industry

The First Year of Building a Smart Construction Ecosystem: Selection of 22 Key Initiatives Across 4 Areas

Daegu City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Daegu City has prepared a plan to promote the revitalization of the local construction industry in preparation for the post-COVID-19 era and the digital transformation.

The city plans to select key tasks to enhance the capabilities of local construction companies and equip them with external competitiveness, and will begin full-scale support.

Last year, both local general construction companies and specialized construction companies surpassed 4 trillion won, achieving the highest order performance ever.

The key tasks to be promoted this time aim to strengthen capabilities and establish a foundation for innovative growth.

To this end, the plan includes 22 key tasks in four areas: ▲expanding participation and establishing preferential systems for local companies ▲strengthening support activities to expand orders for local companies ▲establishing fair trade order in the construction market ▲strengthening competitiveness of local companies and promoting win-win cooperation.

Among the 22 tasks, this year the city will focus on four projects: consulting to strengthen the capabilities of local specialized construction companies, Construction Large Companies-Local Construction Companies Matching Day, establishing a local smart construction ecosystem, and a joint public-private promotional sales team.

The city has supported a total of 29 companies so far since first implementing consulting for local specialized construction companies in 2020 to expand orders for local companies and register cooperating companies with large out-of-town contractors.

It also plans a Matching Day event between large out-of-town contractors and local small and medium construction companies to provide opportunities for win-win cooperation and exchange.

The Matching Day event was piloted in November last year, with 14 large construction companies and 31 local companies participating.

Furthermore, the city intends to make this year the inaugural year for establishing a smart construction ecosystem by conducting surveys on local industry interest and understanding, and devising response measures.

Daegu Mayor Kwon Young-jin said, “We will promote the revitalization of the local construction industry to support local companies in strengthening their competitiveness and expanding into other regions in the future.”

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