"Industrial Complexes Rebounding, Republic of Korea Soaring"
14th Industrial Complex Day
First Commemorative Event Since Designation as a Legal Holiday
The Korea Industrial Complex Corporation (Chairman Lee Sang-hoon) announced that, together with the Korea Federation of Industrial Complex Managers (President Kim Ki-won, hereinafter referred to as KOFICM), it held the '2023 Industrial Complex Day' commemorative event on the 14th at the 63 Convention Center in Seoul.
Industrial Complex Day was established to commemorate the achievements of industrial complexes that have played a key role in national economic growth and to boost and encourage the morale of entrepreneurs. It commemorates September 14, the date when the first law related to the creation and operation of industrial complexes in Korea, the 'Export Industrial Complex Development Act,' was enacted. Starting with the Korea Export Industrial Complex in 1964, the number of industrial complexes has now reached 1,274 nationwide, housing 120,000 companies.
Industrial complexes account for 62.5% of Korea's manufacturing production, 63.2% of exports, and 48.3% of employment, serving as hubs for job creation and production activities. They have led the growth of Korean industry and played a pivotal role in the national and regional economies. To enhance the status of industrial complexes and the pride of entrepreneurs, Industrial Complex Day was designated as a legal commemorative day last year, and this year marked the first event held as a legal commemorative day.
The commemorative ceremony, held under the theme "Industrial Complexes Running Again, Korea Soaring," included ▲ screening of a commemorative video highlighting the history and future development of industrial complexes ▲ awards for meritorious contributors to Industrial Complex Day ▲ and a commemorative performance marking the designation of Industrial Complex Day as a legal holiday. There was also a photo exhibition showcasing the development of industrial complexes from the 1960s to the 2020s.
The awards for meritorious contributors were significantly expanded compared to the previous year, with a total of 117 awards including 5 government awards, 1 National Assembly commendation, and 40 Ministry of Trade, Industry and Energy ministerial commendations. Among the government awards, CEO Yang Jae-bu of Synswin received the Bronze Tower Industrial Medal. The Presidential Citation was awarded to CEO Jo Deok-hyung of Deoksung Greentec and CEO Heo Soon-woo of Daeyoung Coretech, while the Prime Minister’s Citation went to CEO Jeon Geon-ha of GIMTEC and CEO Kim Yang-gon of Fiber Optic Korea.
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Lee Sang-hoon, Chairman of the Korea Industrial Complex Corporation, stated, "For industrial complexes, which were once production-centered, to open a new future, digital transformation and infrastructure upgrades of aging industrial complexes are inevitable," adding, "The Korea Industrial Complex Corporation will work closely with the government, National Assembly, related organizations, and companies to swiftly implement government policies as a field supporter of industrial complexes."
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