Suwon Mayor Yim Tae-young: "Quickly Develop Plans to Attract and Retain Small but Mighty Enterprises"

[Suwon Ilbo=Reporter Kang Han-seo] Suwon Mayor Yim Tae-young urged department heads on the 27th to "develop support measures to attract small but mighty enterprises within the city and retain them."

At a key agenda meeting held in his office, Mayor Yim stated, "Our city has high dependence on Samsung Electronics, making tax revenue predictions difficult as collected taxes vary greatly depending on Samsung Electronics' performance," emphasizing "attracting and retaining small but mighty enterprises is necessary to secure tax sources."

He continued, "Due to poor conditions, there is a lamentable situation where our small but mighty enterprises are relocating to other cities," and urged, "Through enactment and amendment of relevant ordinances and system improvements, provide bold incentives to promising small and medium enterprises and alleviate unreasonable regulations to develop active support measures."

Additionally, he said, "The current government policy of lifting restrictions on development-restricted zones to create new cities and increase population is not desirable," predicting that "if we attract small but mighty enterprise industrial complexes to the sites where new cities would be built, employment will be created and tax sources will increase."

Meanwhile, small but mighty enterprises currently in Suwon are experiencing absolute shortages of factory sites due to the factory quantity control system under the Capital Region Regulation Law, and face difficulties with new construction or expansion of factories due to high land prices. Enterprises located in natural green zones are limited to a site coverage ratio of 20%, making new investment impossible.