Deregulation of Industrial Complexes in Capital Region Needed

"The Banwol Sihwa Industrial Complex is the finest complex in the Republic of Korea, yet it is declining due to the many regulations it faces simply because it is in the capital region."

Gyeonggi Province Governor Kim Moon-soo proposed on the 19th to ease regulations on industrial complexes in the capital region at a 'Grand National Party Policy Committee Field Meeting' held at the headquarters of Daemo Engineering Co., Ltd. in the Banwol Sihwa Industrial Complex in Siheung.

The meeting was attended by approximately 20 people, including Grand National Party officials and business leaders, such as Lim Tae-hee, Chairman of the Grand National Party Policy Committee, Bae Eun-hee, Vice-Chairman of the 4th Constitutional Revision Committee, Kim Young-hak, Director of the Industrial Economy Division at the Ministry of Knowledge Economy, and Kang Yong-sik, Representative Director of Daemo Engineering Co., Ltd.

At the meeting, Governor Kim said, "We are grateful that the current government has made it possible for large enterprises to locate here," and emphasized, "The remaining task is to ensure that our largest industrial complex is not overlooked simply because it is in the capital region."

He continued, "The Banwol Sihwa Industrial Complex is close to Songdo, but while Songdo receives much attention, I hope the Sihwa complex will not be perceived as a 3D or backward industrial area," and added, "The Banwol Sihwa Industrial Complex is as good as or better than Songdo, so I ask for your continued interest."

Governor Kim said, "Siheung has a greenbelt covering 67% of its area," and added, "If you could grant companies independent development rights for facilities such as dormitories for foreign workers, apartments for long-term employees, daycare centers, and cultural facilities, that would be greatly appreciated."