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Gumi, Daegu, Busan, and Iksan added to Specialized Complex for Ppuri Industry

According to Yonhap News,

(SEOUL=Yonhap News) On July 1, the Ministry of Trade, Industry and Energy (MOTIE) said it additionally designates Industrial Complexes of Gumi's Molding, Daegu's National Surface Treatment, Busan's Noksan Surface Treatments, and Jeonbuk's Iksan as Specialized Complex for Ppuri Industry, a fundamental manufacturing process.

The four industrial complexes (110 companies located) to be designated after review by the Ppuri Industrial Development Committee on the following day encompass molding, surface treatments, and other sectors of the Ppuri industry.

As a result, the number of Specialized Complex for Ppuri Industries nationwide goes up to 33 in total, totaling 1,059 companies.

“Ppuri” refers to the manufacturing process and techniques of molding, casting, plastic working, welding, and heat and surface treatments. It is a fundamental industry boosting the competitiveness of national mainstay manufacturing industries such as automobile, shipbuilding, and IT.

Since 2013, the designation as Specialized Complex for Ppuri Industry has been given to raise the competitiveness through concentration and cooperation of "Ppuri" companies.

Once designated as Specialized Complex for Ppuri Industry, they can receive support in building joint utilization facilities and joint innovation activities. Based on such support, they have been relieved of cost burden on each company regarding energy, environment, and production issues, while improving working conditions.

This year alone, MOTIE is planned to provide KRW 6.3 billion national budget for seven Specialized Complex for Ppuri Industry including Ansan's Plating Cooperative Complex.

In particular, the share of national budget will increase from 30 percent to 50 percent this year. Also, as convenience facilities are included for the subject of joint utilization facilities support, working conditions of the Ppuri companies are likely to improve.

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Source Text

Source: Yonhap News (July 1, 2019)

** This article was translated from Korean.

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