Ulsan City, Ulsan Technopark, and Technology Small Giants Sign 'Technology Small Giants Attraction Support Project Business Agreement'

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Ulsan City is actively working to attract ‘technology small giants’ with technological capabilities in various fields.

On the 30th at 2 p.m., Ulsan City will sign the ‘2022 Technology Small Giants Attraction Support Project Business Agreement’ with Ulsan Technopark and nine technology small giant companies that have relocated to Ulsan at the situation room on the 7th floor of the main building.

The event will proceed with presentations of excellent cases from the 2021 support project, signing of the agreement, and a meeting among participating companies.

The business agreement is part of the ‘Technology Small Giants Hub Project,’ which aims to attract technology small giants with diverse technological capabilities to Ulsan and provide research and development funding. The agreement has been held annually since 2020.

The participating companies in the business agreement are Labsystech, Bibi, Samwoo S&C Co., Europharms, Yuseong Engineering, JMG Tech, Hydin, Hoseong ABO, and Hyuwons, totaling nine companies that have relocated or plan to relocate to Ulsan this year.

These companies will receive research and development funding ranging from a minimum of 60 million KRW to a maximum of 80 million KRW depending on the research project.

According to the business agreement, the participating companies will strive to foster Ulsan as a leading city of the 4th Industrial Revolution and create new technology-centered jobs, while Ulsan City and Ulsan Technopark will actively support the companies to settle and grow in Ulsan.

An Hyo-dae, Deputy Mayor of Economy of Ulsan City, said, “The business agreement signed today is expected to play an important role in Ulsan’s leap forward as a hub for technology small giants,” adding, “Ulsan City plans to provide various support including research and development funding for technology small giants, securing residential spaces, establishing an investment attraction promotion system, and investment attraction activities.”

The ‘Technology Small Giants Hub Project’ is a project aimed at further advancing Ulsan’s core industries and fostering future new industries.

The project is being carried out with the goal of attracting 500 technology small giants and creating 10,000 jobs over 10 years from 2019 to 2028.

Since 2020, the ‘Technology Small Giants Attraction Support Project’ has been promoted in connection with Ulsan Technopark, selecting 21 companies wishing to relocate to Ulsan and providing research and development funding.

Ulsan City plans to continue focusing on attracting technology small giants with technological capabilities in various fields such as regional core industries, future new industries, low-carbon green industries, and knowledge service industries.

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