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Gwangju city

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Molding Industry

Investment Environment & Support Policy
  • Forward and backward linkage with five major industries; increase in demand for molds and dies according to the development of automotive, electronics and photonics industries.
  • Establishment of a development base with industrial infrastructure
    • Build a try-out center as a regional innovation specialization project, rapid processing of export volumes with the expansion of SOC (Social Overhead Capital).
  • Molding Try-Out Center Construction Project(2005-2008 / 11.8 billion won (begin on March, 2006)
    • Location : 2, Pyeongdong-ro 803beonan-gil, Gwangsan-gu, Gwangju (Pyeongdong Industrial Complex)
    • Size : Site 8,250㎡, 3 buildings (Press, Injection, Administration Building)
    • Contents : Improve reliability by jointly utilizing expensive equipment (press, injection machine, 3D measuring instrument, etc.) and establish a mold certification system
  • Revitalizing related industries such as mold design, heat treatment of special steel materials for molds, and surface treatment (plating)
  • Stable demand in the region
    • Attract large companies to Gwangju such as KIA Motors, Samsung Electronics and LG Innotek
  • Establishment of cluster mold industrial complexes
    • Establish a non-stop production system covering R&D, contract, processing and delivery of products
    • Size: 79.339㎡ (Moving in 19 companies), 90,365㎡ (Moving in 19 companies)
Support Results
Support Results
Classification 2008 (completion of Center building) 2009 2010 2011 2012 2013 2014 2015 2016
Annual Sales (Unit: 100,000 U.S. dollars) 4,661 8,001 9,319 9,895 10,865 11,839 12,065 12,199 12,933
Number of Jobs 2,158 4,099 4,254 4,399 4,462 4,517 4,725 4,726 5,085
Companies 97 266 305 306 311 315 319 321 323
Support Infrastructure
  • Gwangju Research Center of Korea Institute of Industrial Technology (KITECH)
    • R&D : core technology for precision mold and die (high-speed mold, extension of duration of mold and die, etc.)
    • Fostering manpower : projects nurturing CAD/CAM specialists, business incubation center support
    • Company support : test production support, business management streamlining, equipment buildup and support
  • Gwangju Association for Die & Mold Industry Development, Korea SMEs and Startups Agency
    • Inviting overseas buyers, holding export consultation exhibitions and fairs, dispatching personnel to exhibitions and fairs
    • Undertaking mold and die quality guarantee tasks, re-training field workers and training new workers
Primary Propulsion Policies
  • Project to re-educate field workers in high value-added mold and die industries (August 2006 to July 2011 / 2.16 million U.S. dollars)
    • Establish an integrated educational cooperation system, share educational infrastructure, foster high value-added technicians through close on-site educational support
    • Develop learning materials, operate educational programs, and hold on-site visit-based education, on-site technology guidance, short-term training and seminars on technical trends
  • Project to support mold and die technology for automotive parts and components (January 2009 to February 2013 / 2.92 million U.S. dollars)
    • Contribute to the mutual development of mold and die and automotive industries through mold and die-related technology support
    • Support design, development and processing of mold and die, support the acquisition of patents and certification, and provide mold and die-related information
  • Project to foster a global green mold mecca (July 2010 to April 2013 / 9.5 million U.S. dollars)
    • Provide package-type support for the development of companies in different phases (diagnosis of companies, technical guidance, linked support, etc.)
    • Global marketing (facilitate domestic and overseas marketing activities, support the dispatch of market exploration delegations)
    • Technical development projects (commercialization of development technology, sharing development and expansion)
  • Project to establish a high-tech mold center (March 2011 to March 2014 / 32.2 million U.S. dollars)
    • Establish a high-tech mold center for high value-added mold and die
    • Establish equipment for manufacturing prototypes, conduct tests and evaluation, and develop mold and die-related technology
  • Mold Production Value chain innovation support system based on IoT & Big data (April 2018 to December 2020 / 20.4 million U.S. dollars)
    • (Base-building) Construction of three types of equipment, including two-floor demonstration center and 2,500-ton press, etc.
    • (Technical Development) Operation and test and performance evaluation system development of mold manufacturing innovation equipment, etc.