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“Taking Solutions to the Field!”… Mayor Park Heong-joon to Visit the Gijang Industrial Complex and Put 'Policy After-Service' into Practice

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Mayor Park Heong-joon will visit an industrial complex located in Gijang-gun at 10:00 AM today (July 3) to present tangible solutions to issues raised during emergency economic countermeasure meetings and corporate roundtables, and to directly inspect the challenges experienced by businesses and workers.

This visit goes beyond a simple on-site inspection. It is part of the "Policy After-Service (AS)" system aimed at ensuring that the voices heard during emergency meetings and business consultations are translated into actionable policies that are visibly implemented in the field.

On site, the city will sign a Memorandum of Understanding (MOU) with Korea Land & Housing Corporation (LH), the Busan Chamber of Commerce and Industry, industrial complex corporations, cooperatives, councils, and the Busan Economic Promotion Agency for the provision of public rental housing for SME workers in the eastern Busan region (Gijang). The initiative aims to establish a stable residential foundation for workers within the industrial complex.

The MOU signing ceremony, held at the LH Jeonggwan Happy Housing (Small Library), will be attended by Mayor Park, Choi Hee-sook, Head of LH's Busan-Ulsan Regional Headquarters, Yang Jae-saeng, Chairman of the Busan Chamber of Commerce and Industry, and representatives from eight participating organizations.* After the ceremony, participants will tour the residential facilities to assess living conditions firsthand.

* Busan Metropolitan City, Korea Land & Housing Corporation (Busan-Ulsan Regional Headquarters), Busan Chamber of Commerce and Industry, Myeongrye General Industrial Complex Management Corporation, Busan-Gyeongnam Automotive Parts Technology Business Cooperative, Busan Jeonggwan General Industrial Complex Tenants’ Council, Banryong Industrial Complex Council, Busan Economic Promotion Agency

The signatory organizations will work closely to ensure a stable residential environment for SME workers. LH's Busan-Ulsan Regional Headquarters will secure and provide public rental housing in Jeonggwan-eup, Gijang-gun. The city will establish administrative guidelines. The Chamber of Commerce and the industrial complex organizations will actively promote the support programs. The Busan Economic Promotion Agency will manage application channels and select participating businesses.

Following the agreement, the city will formulate detailed implementation plans, including selection criteria, and begin accepting applications from interested companies during the second half of this year. Selected companies will enter into occupancy agreements with LH.

As housing challenges for SME workers are closely tied to the sustainability of regional industries, this agreement is expected to provide secure living conditions for workers and significantly improve the business environment by easing labor shortages caused by housing issues.

Following the MOU event, Mayor Park will visit Jangansa Industrial Complex, home to local company IEN HANCHANG Co., Ltd., to express appreciation for their reinvestment in the region despite global economic uncertainties, such as U.S. trade policy. Mayor Park is expected to state, “We will expand a virtuous cycle where growing companies invest locally and the benefits are returned to the citizens of Busan.”

Founded in 1975, IEN HANCHANG is a long-established local company specializing in transformer manufacturing. It exports 99% of its products, primarily to the U.S. With the upcoming large-scale replacement of industrial transformers in the U.S., the company is seeing a sharp increase in orders and plans to expand its facilities on adjacent unused land near its headquarters.

The company plans to invest over KRW 30 billion between the second half of this year and 2026 to build new production facilities, expecting to create around 60 new jobs.

A company representative will express gratitude to the city, saying, “Thanks to the investment attraction subsidies from the city, we were able to create a turning point for growth,” and is expected to commend Busan Metropolitan City’s efforts to provide sufficient opportunities for local companies to grow without relocating to the Seoul metropolitan area.

Going forward, the city will continue its "Policy After-Service (AS)" approach to meticulously assess how ideas discussed in meetings and roundtables are implemented in the field and, when necessary, offer immediate feedback and policy adjustments in collaboration with relevant departments and agencies.

In particular, the city will continue to provide customized support to help companies recover vitality and grow, while fostering a mutually beneficial relationship with the local community.

Mayor Park Heong-joon is expected to say, “Our city's administrative principle is not to stop at listening to problems but to take solutions to the field,” adding, “Through field-oriented governance that listens to businesses and delivers real solutions, we will enhance Busan’s industrial competitiveness and make it a business-friendly city.”