Daejeon City Supports Innovation and Growth of Local Root Industries

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is supporting the innovative growth of local root industries.

As of the end of last year, there were 1,176 local root companies, accounting for 10.6% of the total 11,049 manufacturing companies in the region. Including companies linked to the root industry, the proportion increases to 23.7%. This indicates the high importance of the root industry in Daejeon.

Accordingly, the city announced on the 24th that it plans to focus on creating a Daejeon-type root industry ecosystem tailored to local conditions with a budget of 3 billion KRW this year.

First, it will promote 12 projects in four areas: technology development and process innovation, market creation, strengthening innovation capabilities, and supporting startup growth, to foster advanced root industries suitable for the digital transformation (DX) paradigm.

The support targets will also expand from traditional base process industries such as casting, mold, plastic working, welding, heat treatment, and surface treatment to next-generation process industries including injection molding, press, precision machining, additive manufacturing, industrial film and paper processes, robots and sensors, industrial intelligent software, and engineering design.

The main projects to be promoted this year include root technology development, process improvement, prototype production, technical doctor and specialized technical support for root companies, and growth support for startup companies in the root industry sectors such as base process industries and next-generation process industries.

Han Seon-hee, Director of the Strategic Business Promotion Office of the city, said, “The root industry is the foundation that supports the entire industry. The city will strive to lay the groundwork for Daejeon to leap forward as a first-class economic city through the intelligentization and digital transformation of the root industry.”

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