Park Sugi, Gwangju City Council Member: "Urgent Need for Measures Against Tariff Barriers"

"Winia's 120 Billion KRW Wage Arrears Crisis...
A Threat to the Regional Economy"

Sooki Park, Gwangju City Council member.

Park Sugi, a member of the Gwangju City Council (Gwangsan 5, The Minjoo Party of Korea), on the 31st urged the city of Gwangju to prepare comprehensive measures to minimize the damage to export companies caused by changes in the trade environment, such as U.S. tariff barriers, and to overcome the regional economic crisis.

During the 331st temporary session's plenary meeting '5-minute free speech,' Park stated, "Due to the realization of trade barriers and the complex impact of the global economic crisis, exports of automobiles, electrical and electronic products have already decreased by 22% compared to the same month last year, indicating that the shockwave of tariff barriers is already a reality," and pointed out, "Small business owners are being pushed to the edge."

Park especially emphasized the seriousness of the Winia Electronics situation, saying, "The Daewoo Winia Group, a leading local manufacturing company, is facing bankruptcy procedures after failing to resolve wage arrears amounting to 120 billion KRW." He added, "However, in the case of Winia Dimchae, it is reported that there is a high possibility of acquisition, and I hope the rehabilitation process proceeds smoothly."

Meanwhile, Park stressed, "We must proactively prepare for the expected damage to export companies and the crisis in the traditional manufacturing sector caused by the tariff crisis," and emphasized, "Gwangju City must establish a thorough crisis management plan."

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