I Will Take Responsibility from Start to Finish... Pohang City Provides ALL Support for Corporate Investment

Driven by secondary batteries, hydrogen, and bio industries, Pohang City, rapidly emerging as a future new industry hub, has launched the operation of the ‘Enterprise ALL Support TF Team’ to attract investments from incoming companies and resolve their difficulties.

Employees of the Pohang City Investment Enterprise Support Division, who have started operating the ALL Support TF Team for enterprises, are shouting "Fighting" as they pledge to provide "customized support for enterprises."

Led by Kwon Hyuk-won, Director of the Job and Economy Bureau, the Enterprise ALL Support TF Team provides customized services that closely support the entire process of corporate activities, from investment attraction to factory operation.

The TF Team supports all administrative procedures related to corporate activities, including factory establishment approval, industrial complex settlement, development activity permits, environmental permits, and securing industrial water and electricity, establishing a pro-business one-stop corporate support system.

Pohang City plans to induce rapid investment and provide a business-friendly environment by promptly resolving various difficulties through the operation of the TF Team.

The city also operates a Corporate Support Direct On-site Support Group to directly assist local companies facing challenges amid difficult domestic and international conditions such as high interest rates, high prices, and high exchange rates, enabling them to focus on business activities.

The Direct On-site Support Group immediately supports administrative procedures related to company settlement and difficulties related to corporate management.

Additionally, Pohang designates dedicated public officials for each anchor company to maintain continuous communication. Through weekly phone calls and monthly on-site visits, they actively identify regulations and difficulties experienced in the field and provide customized support for companies.

Furthermore, Pohang City supports financial issues, the biggest obstacle in corporate management, by providing 140 billion KRW in working capital funds for small and medium-sized enterprises this year, assisting local SMEs struggling with funding shortages by subsidizing part of their loan interest.

It also supports guarantee funds for local SMEs lacking collateral by providing basic asset formation fees to the Gyeongbuk Credit Guarantee Foundation.

Kwon Hyuk-won, Director of the Job and Economy Bureau, stated, “We will actively communicate with businesspeople to swiftly resolve corporate difficulties. By implementing various corporate support measures, we aim to create the most business-friendly city nationwide, establish a sustainable industrial ecosystem, and lay the foundation for Pohang to leap forward as the central city of the East Sea region.”

For more detailed information on corporate support, please contact the Investment Enterprise Support Division, Corporate Support Team of Pohang City.

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