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The creation of six thousand jobs? Local tax income at ten billion won

  • Hit3609
  • Write Date2008-07-22
  • 담당부서관리자
The creation of six thousand jobs ・ Local tax income at ten billion won

Hyundai Heavy Industries Co. starts building shipyard in Gunsan from the 7th


The nation's largest ship building corporation, Hyundai Heavy Industries Co., will invest five hundred billion won in building a shipyard in Gunsan, Junlabukdo.
On the 7th, Hyundai Heavy Industries Co. will hold the ceremony of "laying down the keel" and start the construction of a shipyard in which twenty 18t ships can be built per year. The completion date is set at January 2012. The total investment reaches five hundred billion won and the total area of the building site is 1.8 million m2. Considering the fees of constructing annex facilities and machine equipment facilities, the total investment is prospected to reach more than one trillion won.
Last October, Hyundai Heavy Industries Co. had invested four hundred billion won in building a ship block manufacturing factory on a 3600000 m2 wide construction site in Gunjang's industrial complex.


Six thousand new jobs are created, and local tax income reaches ten billion won

On the 7th, Hyundai Heavy Industries Co. will hold the "laying down the keel" ceremony to build a large-scale shipyard in Gunjang's industrial complex. The total investment will reach five hundred million won and twenty ships (18t) can be built per year in this shipyard. The company's president Chae Gilsun, Junlabukdo's governor Kim Wanju, the mayor of Gunsan City Moon Dongshin, and many others will attend the ceremony.
Hyundai Heavy Industries Co. plans to install one Goalath crane (1600t), a construction dock, and a door dock in the Gunsan site.
The corporation decided to invest in Gunsan as a response to meet the increasing demands for ships and the lack of construction sites due to expansion of business. The corporation predicts that they will have to employ at least 6000 to 6500 workers (not including the 5000 workers from co-working companies) for the normal functioning of the shipyard.
Labor costs of running the shipyard is predicted at three hundred billion won and local tax income is calculated at ten billion won, and will be a large boon to Gunsan's economy.
When the block manufacturing factory finishes construction in April of next year, it is forecasted that about 1500 workers will settle down nearby. It is assumed that if these workers come with their families to Gunsan, the population will increase by ten thousand more people. This will, in turn, lead to the creation of a larger market.

50 locations in Jeonbuk allures companies

In addition, large corporations such as Doosan Infracore and Dongyang Chemicals are builing facilities nearby the Hyundai shipyard, accelerating the modification process of Gunsan's originally agricultural and fisheries-based industrial structure.
Junlabukdo and Gunsan City holds the positive hope that the construction of the shipyard will lead to the inflow of people, which will in turn vitalize the entire economy. Junkabukdo and Gunsan City plans to finish the construction of convenience facilities at the time the block manufacturing factory and shipyard will be completed to minimize daily hassles for newcomers and workers.
Meanwhile, in Doosan Infracore's factory 3 km away from the shipyard, large machines are building the foundations for buildings in a 600000 m2 wide construction site. Factories and annex facilities will be completed by February of next year. 4000 excavators and wheel loaders will be built each year. Moreover, 50 locations in Jeonbuk have succeeded in alluring major companies. The number of companies agreeing to invest in Jeonbuk is increasing year by year, from 71 companies in 2005 to 101 in 2006 to 198 last year.

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