Ulsan Industrial Complex to Undergo Major Transformation... Smart Innovation, 'Industrial Complex Overhaul' Report Meeting

Industrial Complex Major Renovation Target Area.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Ulsan City will hold the '2022 Industrial Complex Grand Renovation Progress Meeting' at 2 p.m. on the 12th in the main building's medium conference room, chaired by Deputy Mayor of Economy Jo Won-kyung, with heads of related departments and affiliated organizations attending.

This meeting was arranged following the designation of Ulsan City's industrial complex renovation area as a '2022 Aged Core Industrial Complex Competitiveness Enhancement Project Zone' by the Ministry of Land, Infrastructure and Transport and the Ministry of Trade, Industry and Energy on the 30th of last month.

At the meeting, Ulsan City will review the progress of ongoing projects to ensure the smooth advancement of the industrial complex renovation project and share plans for this year's initiatives.

Deputy Mayor of Economy Jo Won-kyung urged, "Since the first year of the project is crucial for the successful implementation of the industrial complex renovation, relevant institutions and departments should do their best."

Ulsan City's industrial complex renovation project is being promoted through three major focus areas and 27 detailed projects aimed at 'Creating an Eco-Mobility Innovation Smart Cluster toward a Carbon-Neutral Industrial Complex': ▲ Transition of core manufacturing industries to mobility industries ▲ Operation of a carbon-neutral smart industrial complex ▲ Improvement of workers' quality of life.

Key detailed projects include support for technology transition in future automobile electrical components and electric parts, and the establishment of an eco-friendly hydrogen electric vehicle safety inspection center and safety certification center.

From this year until 2024, a total of approximately 500 billion KRW will be invested, including 260 billion KRW in national funds, 97 billion KRW in local funds, and 160 billion KRW in private capital.

Ulsan City plans to proceed with individual projects such as public recruitment of project implementers for the first-year projects this year and will work on supplementing project plans for projects to be reflected next year.

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