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Local jobs in Gwangju

Conclusion of Automobile Plant Investment Agreement “Social Integrative Job Model for Labor-Management
Coexistence Based on Social Compromise“

  • Hyundai Motor Company

  • economic result

  • expectation effectiveness

Incorporation of Joint Automobile Venture with the Objective of Achieving
Mass Production of Vehicles by the 2nd Half of 2021

Sustainability

The Joint Automobile Plant Venture Task Force (Gwangju Institute of Green-Car Advancement) will provide support in the incorporation of a joint venture at BIT GREEN Industrial Complex and the construction of a vehicle assembly plant, such as labor-management cooperation, production technologies and external affairs


Maintaining an adequate wage level and adopting an advanced wage system
Realizing adequate working hours and flexible personnel management
Seeking mutual growth and cooperation with partners
Realizing communication and transparent management through labor-management cooperation
Establishing a community cooperation system, etc

Outline

Inside BIT GREEN Industrial Complex, Approx. 183,000 pyeong
Approx. KRW 575.4 Billion (Equity Capital KRW 230 Billion : Borrowed Capital KRW 345.4 Billion) [Equity Capital] Gwangju Metropolitan City 21% (KRW 48.3 Billion), Hyundai Motor Company 19% (KRW 43.7 Billion), Others 60% (Approx. KRW 138 Billion)
Outsourced production for Hyundai Motor Company
Small SUV (new model)
  • 건축 / 구축물 (’20.04.)
  • 설비 / 설치 (’20.09.)
  • 설비 / 시운전 (’21.02.)
  • 시험생산 (’21.04.)
  • 자동차 양산 (’21.09.)