Government Holds Ceremony to Commemorate Production of First Mass-Produced Vehicle at Gwangju Global Motors Factory
[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea's first labor-management win-win regional job project, the 'Gwangju-type Job,' has begun full-scale mass production starting with the production of the first vehicle. It has been 2 years and 8 months since the labor, management, civil, and government sectors in Gwangju signed a win-win agreement in January 2019. As of September, five regions selected as win-win regional jobs?Gwangju, Miryang in Gyeongnam, Hoengseong in Gangwon, Gunsan in Jeonbuk, and Busan?have attracted about 860 billion KRW in investment and created employment for approximately 1,140 people.
The Ministry of Trade, Industry and Energy will hold a ceremony at 10 a.m. on the 15th at the Gwangju Global Motors factory in the Bitgreen Industrial Complex in Gwangju to commemorate the production of the first mass-produced vehicle. About 40 people will attend, including Im Seojeong, Senior Secretary for Jobs, Kim Yonggi, Vice Chairman of the Job Committee, Na Seungsik, Standing Member of the Trade Commission of the Ministry of Industry, Lee Yongseop, Mayor of Gwangju, and Gong Youngun, President of Hyundai Motor Company.
The first mass-produced vehicle is Hyundai’s compact SUV, the Casper, which is expected to be produced at an annual scale of 70,000 units.
The Gwangju Global Motors factory was designed with 100% domestically produced body and assembly equipment to accommodate various vehicle models. Through this, it has established a flexible and efficient production system and secured cost competitiveness by equipping smart factory facilities that apply domestically developed standard technologies.
Additionally, among the total 505 employees hired so far, about 93%, or 470 people, are local talents, enabling young people in the region to stay and work in their hometown.
Moon Seungwook, Minister of Trade, Industry and Energy, said, "I congratulate Gwangju Global Motors on the start of mass production and hope that win-win regional job companies nationwide, including Gwangju, will grow and lead the local economy. We plan to communicate closely with local governments and actively support them to ensure the continued success of the win-win regional job projects."
The government plans to accelerate the creation of results for win-win regional jobs nationwide, taking the start of mass production of the Gwangju-type Job as an opportunity. Win-win regional jobs are projects that create quality jobs based on dialogue and cooperation among local economic actors, including labor, management, civil society, and government. Across the country, five regions?Gwangju, Miryang in Gyeongnam, Hoengseong in Gangwon, Gunsan in Jeonbuk, and Busan?have been selected, generating about 860 billion KRW in investment and creating employment for approximately 1,140 people as of September. By the time all five projects are completed, it is expected that about 1.85 trillion KRW in investment and 3,900 jobs will be created.
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