Asan Technovalley Industrial Complex, Chungnam's First 'Root Industry Specialized Complex' Designated

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province announced on the 3rd that the Asan Technovalley Industrial Complex has been designated as the region's first "Root Industry Specialized Complex" (hereinafter referred to as the Specialized Complex).

With this designation, the Asan Technovalley Industrial Complex will have the opportunity to participate in the government's specialized complex support projects starting next year and will receive national funding for shared facilities, joint innovation activities, and more.

The term "root industry" is named to signify industries that, like the roots of a tree, are not visible on the surface but are embedded in the final product and form the foundation of manufacturing. Industries operating using six basic process technologies and eight next-generation process technologies are included in the root industry.

The Specialized Complex is designated annually by the Ministry of Trade, Industry and Energy to strengthen national manufacturing competitiveness through the direct operation and cooperation of root companies.

The Asan Technovalley Industrial Complex currently hosts 90 companies, including 55 root industry-related companies, 7 display companies, 10 automotive parts companies, and 16 metal machinery companies.

Meanwhile, as of 2019, there are 3,776 root companies operating within the province, employing a total of 79,221 people.

Additionally, among the 1,320 root technology specialized companies nationwide, 81 are located in the region.

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