Gwangyang City Holds 'Communication' Meeting with Gwangyang Steelworks Partner Association

Listening to Business Challenges
"Turning Crisis into Opportunity"

Gwangyang City, South Jeolla Province (Mayor Jung Inhwa), announced on the 12th that it held a meeting with the Gwangyang Steelworks Partner Association on the 11th to listen to the difficulties faced by companies on site and discuss ways to cooperate mutually.

The meeting was attended by representatives from 18 member companies, including Jung Hyunsu, CEO of Posplate and president of the Gwangyang Steelworks Partner Association; Lim Jongdae, CEO of Hwain; Park Dongmyung, CEO of Jeongwon; Choi Seokchan, CEO of Daejin; Kim Yuncheol, CEO of Sinjin Enterprise; and Hwang Jaewoo, CEO of Gwangyang Enterprise.

On the 11th, Gwangyang City held a meeting with the Gwangyang Steelworks Partner Association to listen to the difficulties faced by companies on site and discuss ways to cooperate mutually. Photo by Gwangyang City

Mayor Jung Inhwa stated, "Gwangyang is an industrial city that has built its wealth and reputation around the steelworks. I pay my respects to the representatives of the steel industry companies present here today for their hard work," emphasizing, "Only when companies are well managed and prosperous can the city's economy overcome stagnation."

He continued, "If you openly share the difficulties and challenges you face on site, we will do our utmost to address the issues that can be handled administratively. For matters that are difficult to implement immediately, we will thoroughly review them and consult with the central government to ensure practical support is provided."

Jung Hyunsu, president of the association, said, "I am grateful that this meeting has provided an opportunity for communication between companies and the city," adding, "I hope that, based on this occasion, both the city and the companies can take another leap forward together."

On this day, business representatives proposed several suggestions, including expanding the "Solo Ending" project to encourage marriage among male workers, simplifying the requirement for corporate seal certificates when registering vehicles, strengthening parking enforcement at major downtown intersections, alleviating the management burden caused by the Serious Accidents Punishment Act and the Yellow Envelope Act, and holding regular meetings four times a year.

Mayor Jung stated, "I will promptly instruct the relevant departments to review the suggestions made today and provide feedback," adding, "Through cooperation with businesses, we will open new pathways for the local economy."

Meanwhile, the city is promoting a variety of customized support measures to foster the growth and competitiveness of small and medium-sized enterprises, including interest subsidy support for SME loans, support for technology commercialization, the Jeonnam-type strong SME development project, the leading root industry enterprise development project, and the Jeonnam-type smart factory dissemination and expansion project.

In particular, as the steel industry faces a serious crisis due to the recent imposition of a 50% high tariff by the United States, Gwangyang City is actively working with South Jeolla Province to secure designation as an "industrial crisis preemptive response area."

The city plans to lay the foundation for sustainable growth for both businesses and the region through a "two-track strategy" that simultaneously addresses crisis response and future innovation.

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