Suwon Mayor Candidate Kim Hee-gyeom: "Fostering 'Seed Companies' to Create Jobs"

Kim Hee-gyeom, Pre-candidate for Mayor of Suwon from the Democratic Party of Korea

[Asia Economy Reporter Seongpil Cho] Kim Hee-gyeom, a preliminary candidate for mayor of Suwon from the Democratic Party of Korea, presented detailed implementation plans related to jobs and industry centered on nurturing 'Seed Companies' on the 28th.

Candidate Kim stated, "Suwon has weak growth momentum relative to its urban scale," and added, "We will discover and nurture seed companies with growth potential to solve this problem." The core idea of Candidate Kim's pledge to nurture seed companies is to create a foundation where a venture startup ecosystem can take root by leasing startup spaces at affordable prices through the development of apartment-type industrial complexes and industry-academia-research cooperation among local universities. Candidate Kim explained, "The creation of apartment-type industrial complexes can be promoted in connection with the R&D Science Park and the development of the Tapdong district," and emphasized, "It is necessary to establish a practical industry-academia-research cooperation system with major graduate schools."

This blueprint by Candidate Kim is part of the eight key pledges announced at the press conference declaring his candidacy for Suwon mayor on the 17th. Suwon's youth job market is limited, and although youth entrepreneurship is encouraged, Candidate Kim's team diagnoses that there are clear limitations in terms of startup locations and funding environments. In particular, startup spaces within the Gyeonggi Economic Science Promotion Agency and Suwon Venture Valley are insufficient compared to demand. The rent for industry-academia-research startup spaces within nearby universities is also close to market price levels. Candidate Kim stated, "Suwon must create more jobs by attracting high-tech companies," and added, "For companies that grow beyond a certain level after startup, we will induce donations and other support to establish a virtuous cycle."

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