"Joining Forces for Ulsan's New 60 Years"... Ulsan City and Companies Sign Win-Win Agreement

Regional Economic Development and Sustainable Growth

"Activation of Human Resource Exchange"

Ulsan City and local companies are joining forces to prepare for "Ulsan's New 60 Years."

On the 7th at 10:30 a.m., Ulsan City announced that it will sign the "Win-Win Agreement between Ulsan City and Local Companies for Regional Economic Development and Sustainable Growth" in the large conference room on the 2nd floor of the city hall main building.

The signing ceremony will be attended by eight company representatives, including Ahn Hyo-dae, Deputy Mayor for Economic Affairs, as well as Hyundai Motor Company, HD Hyundai Heavy Industries, SK Energy, S-OIL, Samsung SDI, and others.

According to the agreement, Ulsan City and participating companies will cooperate to expand investment, explore administrative support measures, and activate human exchanges to respond to rapidly changing future technological environments and drive regional economic development.

Additionally, through pro-business policies of the 8th municipal administration such as enacting laws originating from Ulsan and deregulation, and customized administrative support for companies, it is expected that the "economic virtuous cycle ecosystem," which has attracted over 15.8 trillion KRW in corporate investment over the past 1 year and 4 months and achieved total population growth for the first time in 88 months, will be further solidified.

Ahn Hyo-dae, Deputy Mayor for Economic Affairs, said, "We expect this win-win agreement to accelerate public-private exchanges and become a model case where companies and administration grow together," adding, "We will strive to induce corporate investment in Ulsan through full administrative support and ensure that the virtuous cycle of job creation and population growth continues."

Since the launch of the 8th municipal administration, Ulsan City has proactively led the enactment of the "Special Act on the Activation of Distributed Energy" and the expansion of authority to lift development restrictions in non-metropolitan areas to attract corporate investment.

Furthermore, specialized public officials were dispatched to the construction sites of new plants for Hyundai Motor Company and Samsung SDI, shortening the permitting procedures from 3 years to 10 months and from 2 years to 6 months, respectively.

Ulsan City Hall.

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