Gwangju City Launches "Corporate Attraction Task Force" to Promote Relocation of Over 1,000 Companies from Gyosan District

Gwangju City in Gyeonggi Province announced on the 25th that it will officially launch a "dedicated corporate attraction organization" to attract companies that are inevitably required to relocate their business sites due to new town developments such as the Gyosan District in Hanam City, as well as companies that previously relocated to other regions but now wish to return to Gwangju.

Gwangju City Launches Task Force Team for Corporate Attraction. Photo by Gyeonggi Gwangju City

This dedicated organization is being launched as a proactive measure to promote the geographical advantages of Gwangju City and expand corporate attraction, especially as more than 1,000 companies in the Gyosan District of Hanam City are required to complete their factory relocations by November 30.

The city has continuously implemented business-friendly policies, as evidenced by winning the Gyeonggi-do Corporate SOS Operation Evaluation Award for 15 consecutive years, and is therefore expected to provide a stable environment for companies.

In addition, the city plans to strengthen tailored support for companies that were previously forced to relocate to other regions due to various regulations, but are now increasingly inquiring about returning to Gwangju due to issues such as logistics and securing manpower.

The "dedicated corporate attraction organization" will operate for approximately four months until the end of this year, led by the Director of Planning and Finance, and will be composed of five departments: Corporate Support, Urban Development, Architecture, Water Quality Policy, and Taxation. The team will be responsible for providing comprehensive support, including: ▲guidance on site selection and expedited licensing support ▲assistance with administrative procedures related to factory establishment ▲tax reductions and policy linkage ▲resolving difficulties faced by relocating companies, from site selection to stable settlement. In addition, the city is considering extending the operation period of the dedicated organization depending on its performance.

Mayor Bang Sehwan stated, "By providing customized and integrated administrative support, we expect to resolve difficulties in the factory licensing process, reduce factory vacancies in the region, revitalize the construction industry, create jobs, and ultimately boost the local economy and tax revenue. We will actively support companies that choose to settle in Gwangju so that they can establish themselves stably."

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