Ulsan City Holds 'Automotive Industry Promotion and Development Support Measures and Future Growth Transformation Forum for Auto Parts Companies'

Hyundai Motor Company Electric Vehicle Ulsan Plant Establishment Opportunity

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Ulsan City will hold the "Ulsan Automobile Industry Promotion and Development Support Measures and Future Growth Transformation Forum for Auto Parts Companies" at 4 p.m. on the 21st at the Ulsan Lotte Hotel.

The forum will be attended by Ahn Hyo-dae, Deputy Mayor for Economic Affairs, Moon Seok-ju, Chair of the Industry and Construction Committee of the City Council, Kim Chang-guk, Executive Director of Hyundai Motor Company, representatives of local auto parts companies, innovation institutions, and automobile industry experts, totaling about 100 participants.

This forum was organized to listen to the difficulties faced by the local auto parts industry, which is experiencing challenges in industry transition and parts development due to the entry and expansion into the future automobile market following the establishment of Hyundai Motor's electric vehicle plant in Ulsan, and to seek support measures.

At the forum, Lee Dong-jae, Director of the Automobile and Shipbuilding Industry Division of Ulsan City, will present "Measures to Promote and Develop the Ulsan Automobile Industry," and Kim Jae-jin, Managing Director of Hyundai Motor Company, will present "Hyundai Motor's Future Car Strategy and New Technology Outlook."

Lee Bong-hyun, Program Director of the Strategic Planning Division at the Korea Institute for Industrial Technology Evaluation and Planning, will explain "Research and Development Trends in the Eco-friendly Automobile Sector," and Kim Jae-cheol, Head of the Auto Parts Technology Support Division at Ulsan Technopark, will describe "Current Status and Major Difficulties of Ulsan Auto Parts Companies."

Following this, a discussion will be held with seven experts in the automobile industry, including Labor Director of Innovation Industry Bureau, Choi Sung-jae, a representative of a local auto parts company, chaired by Professor Emeritus Cho Hyung-je of Ulsan University.

A city official stated, "We will seek various solutions at the city level so that local auto parts companies, which are centered on internal combustion engines, can proactively respond to market changes such as carbon neutrality and the great energy transformation."

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