Ulsan Mayor Kim Doo-gyeom Approves First Administrative Project: 'Strategic Investment Attraction and Corporate Support Plan'

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] On the afternoon of the 1st, Ulsan Mayor Kim Doo-gyeom signed approval for the city’s top priority project, the ‘Strategic Investment Attraction and Corporate Support Plan,’ in his office.

The ‘Corporate Support Plan’ contains Ulsan City’s directions for investment attraction and corporate support to realize Mayor Kim’s ideals and goals, including potential investment sectors and differentiated attraction strategies compared to the 7th local government administration.

It is interpreted as a declaration of the intention to strongly promote the main administrative directions of the 8th local government both domestically and internationally.

The main contents of the ‘Corporate Support Plan’ present three major strategies: ▲ fostering strategic industries ▲ differentiated support ▲ expansion of investment infrastructure.

The detailed projects to implement these three strategies include supporting the advancement of the three major core industries’ structures, focusing on attracting new core industries such as energy, leasing long-term sites and supplying them below development cost, operating a dedicated manager system for investment companies, forming a public-private joint task force (TF), and providing subsidies for large-scale investments.

Additionally, the plan actively promotes the creation of industrial complexes through the lifting of the Greenbelt (GB) and designation of the 2nd Free Trade Zone.

With the launch of the 8th local government, Ulsan City plans to actively engage in attraction negotiations targeting major potential investment companies and projects, and will proactively provide administrative and financial support to ensure companies can invest smoothly in Ulsan.

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