Ulsan City Supports Development of 'Main Products'... Launches 'Regional Leading Industrial Complex Linked Cooperation Project'

Total Project Cost of 1.6 Billion Won Invested to Support Prototype Research by Industrial Complex Resident Companies

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Ulsan City has embarked on a project to support prototype research for key product items in local industry sectors.

On the 19th, Ulsan City announced that it will promote the 'Regional Leading Industrial Complex Linked Cooperation Project' with support from the Ministry of Trade, Industry and Energy.

This 'Linked Cooperation Project' will be carried out in five regions?Ulsan, Gyeonggi, Gyeongnam, Busan, and Jeonbuk?that were selected as 'Industrial Complex Grand Renovation Project Areas' by the government in March this year.

The project period is two years, from 2022 to 2023, with a total budget of 1.6 billion KRW (1.1 billion KRW from the national government).

The project aims to lead the early commercialization of promising items in Ulsan Industrial Complex's key industries such as automobiles, shipbuilding, and chemicals. Ulsan City will support research and development (R&D) tasks for 'prototype performance evaluation.'

The support targets are companies located in the Ulsan and Mipo National Industrial Complexes, which are the hubs of the industrial complex grand renovation, linked complexes such as Techno and Maegok General Industrial Complexes, and companies in the eco-friendly automobile belt linked areas, forming 'industry-to-industry consortia' with companies in industrial complexes of other cities and provinces. Participation by non-profit institutions such as universities and research institutes is also possible.

The Ulsan Regional Project Evaluation Group will oversee the project. The evaluation group plans to conduct an official call for proposals in January next year, select target companies through evaluation by task, and conclude agreements.

An official from Ulsan City said, "The selected project aims to induce early commercialization of promising items through technological cooperation among industrial complex companies," adding, "We will lay the foundation for the industrial complex grand renovation project that strengthens the competitiveness of local industries."

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