English III 2021
The government promoted the Regional Revitalization Project as an economic recovery and vitality plan to restore industrial ecosystems in the regions where the manufacturing economic slowdown was evident. Accordingly, in December 2018, the Ministry of Trade, Industry, and Energy selected 14 target areas for regional revitalization projects located in Jeollabuk-do, Jeollanam-do, Gwangju, Busan, Daegu, Gyeongsangbuk-do, and Gyeongsangnam-do.
Since 2018, the government has conducted the National Innovation Cluster Project in 14 -si/-do districts to build innovation bases close to industrial and research facilities and hinterland cities. The cluster is designated with a total area of 15 km2 within a radius of 20 km. In order to maintain geographical proximity, the National Innovation Cluster is divided into R&D projects that include tasks designated by the government and tasks proposed by local companies, and non-R&D projects that reflect regional conditions and demands, such as investment attraction and global cooperation. In particular, the project aims to attract companies from the Seoul Metropolitan Area to innovation clusters and establish a regional production environment linked with an innovation city. In accordance with the “Regional Balanced New Deal” policy, the government will support 48 regional key industries in 14 -si/-do districts designated as national innovation clusters for five years from 2021 to 2025.
The youth-friendly leading industrial complex, promoted since 2018, aims to improve the working and residential environments and build a flexible industrial complex that allows support organizations to move into the industrial complex. The Ministry of Trade, Industry and Energy supports the Knowledge Industry Center (formerly apartment-type factories) and R&D. The Ministry of Land, Infrastructure and Transport maintains roads and parking lots. The Ministry of SMEs and Startups offers smart factories. And the Ministry of Employment and Labor provides dormitories and commuter buses. As such, the government provides integrated policy support tailored to the diverse needs of industrial complexes.
Social Economy Innovation Town is a project that supports the establishment of human and material bases for collaboration, networking, and innovation in the social economy from 2019. It aims to establish an integrated support system for social economy enterprises by integrating various support organizations such as social economy support centers, councils, and solidarity meetings. As a subsidy project for local governments, the government supports design costs, construction costs, equipment construction costs, and facilities.