Comprehensive Institutional Evaluation Industrial Economy Award Winner

Securing New Growth and New Industry Engines

Yeosu City, Jeollanam-do (Mayor Jeong Gi-myeong) received the Industrial Economy (Urban) Grand Prize at the ‘2023 28th Korea Local Autonomy Management Awards’ hosted by the Korea Institute of Public Administration.


According to the city on the 6th, the Korea Local Autonomy Management Awards, established in 1996, is a prestigious award recognizing outstanding local governments.

[Photo by Yeosu City]

[Photo by Yeosu City]

View original image

The awards are given after a comprehensive evaluation process including the first quantitative assessment, the second qualitative assessment and interview, and professional research on resident satisfaction.


Yeosu City earned the honor of receiving the Industrial Economy Grand Prize in the comprehensive institutional evaluation for the first time in four years since winning the Culture and Tourism Grand Prize in 2019.


In fact, Yeosu has been dedicated to ▲ balanced development between the new and old downtown areas ▲ modernization of aging facilities in Yeosu National Industrial Complex ▲ creation of the new growth engine industry-academia convergence district (Samdong District) ▲ establishment of infrastructure such as hydrogen production and fuel cell facilities (hydrogen convergence and complex platform) ▲ expansion of hydrogen supply infrastructure including the creation of a specialized hydrogen energy parts and materials complex, four hydrogen charging stations, and one hydrogen shipping center.


Additionally, efforts have been made to ▲ select the Carbon Capture Utilization (CCU) Demonstration Support Center project through public competition ▲ support commuting workers in industrial complexes ▲ create new jobs through investment attraction ▲ operate a technician school for customized industrial workforce training ▲ and create urban forests to establish a safe and good working environment for all citizens.


Especially, despite the difficult conditions due to the prolonged COVID-19 pandemic, the city attracted investments totaling 1.0539 trillion KRW from six companies including TK Hyochem, GS Caltex, LG Chem, Lotte Chemical, and Kumho Mitsui Chemicals, and took the lead in creating new jobs through job fairs and other initiatives.


Furthermore, the city devoted itself to revitalizing the industrial economy by ▲ labor-management-government-civil cooperation to improve working conditions and ensure safety for industrial complex workers ▲ listening to difficulties through visits to small and medium enterprises ▲ supporting traditional markets and small business competitiveness ▲ and supporting new jobs for youth.


Mayor Jeong Gi-myeong said, “This award is thanks to the citizens who trusted and supported the city administration and the public officials who worked hard on the front lines,” adding, “We will focus all administrative efforts on creating a new future for Yeosu together with the citizens.”



Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing