Based on its well-established industrial infrastructure, Daegu City is changing into a competitive city characterized by an advanced industrial structure due to its restructure as an advanced higher-valued textile fashion industry and the development of high value-added and cutting-edge knowledge industries related to traditionally regional key industries, including specialized machinery and metal industries.
|Category||Daegu||Nationwide||Contrast ratio against nationwide (%)|
|2011 GRDP (KRW in billions)||374,532||12,415,821||3.0|
|2011 manufacturer(more than 10 employees, No. of manufacturer||3,238||63,047||5.1|
|2012 exports (US$ million)||6,984||547,870||1.3|
|2012 imports (US$ million)||3,782||519,584||0.7|
|2012 economically active population (thousand persons)||1,245||25,501||4.9|
|2012 unemployment rate(%)||3.3||3.2|
Service Industry 71.4%, mining and manufacturing industry 22.9%, construction industry 5.3%, agriculture, forestry and fishery industry 0.4%
|Category||Number of companies (percentage)||Number of employees (persons)||Amount of added value (KRW million)|
|Category||Area(thousand㎡)||Number of Companies|
|Total||Machinery/ Metal||Textiles||Electronic Information||Others|
|General Industrial Complex||Daegu Dyeing Industry Complex||846||127||-||126||-||1|
|Geomdan Industrial complex||782||558||214||28||89||227|
|Dalseong Industrial Complex I||4,079||332||127||85||11||109|
|Dalseong Industrial Complex II||2,716||220||115||15||11||79|
|Seongseo Industrial Complex||12,268||2,803||1,172||533||194||904|
|Agricultural Industrial Complex||Okpo Industrial Complex||160||54||10||12||2||30|
|Guji Industrial Complex||193||24||1||2||4||17|
|Other Type of Industrial Complex||The 3 Industrial Complex||1,679||2,558||1,789||80||148||541|
|Seodaegu Industrial Complex||2,417||1,946||322||747||0||877|
|Hyeonpung Industrial Complex||265||7||1||0||0||6|
- Europe: Valeo Pyeong Hwa (auto-parts, France, Valeo), Morgan (auto-parts, UK, Morgan Light), HSL (auto-parts, Germany, Hella), Ahlstrom Korea (auto-parts, Finland, Ahlstrom), Rieter-DK (auto-parts, Switzerland, Rieter) , Dassault Systems (software, France), GS Hot-Stamping (auto-parts, Germany).
- Japan: SamickTHK (linear motion bearing, THK), Namyang Metals (Hitachi Metal), Pyung Hwa Oilseal (NOK), Korea OSG (OSG), Taiho.
- US: Delphi Korea (auto-parts, Delphi), Gate Korea (auto-parts, Gate).
- Others: TaeguTec (cutting tools, Israel IMC).
|Number of Companies||405||28||22||35||28||159||133|
The successful foreign-invested companies in Daegu are an eloquent testimony to the outstanding investment environment offered by the city.
TaeguTec’s parent company is IMC, one of the largest cutting tools manufacturers in the world. In May 2006, Berkshire Hathaway, chaired by Warren Buffett, purchased an 80% stake in TaeguTec’s holding company IMC for US$5 billion. Through this acquisition, TaeguTec became the first and only Berkshire Hathaway company in Korea. TaeguTec is perhaps the most representative of the foreign-invested companies in the region. It has solidified its market position as a leading manufacturer of tungsten cutting tools and hard metal tools by introducing pioneering technologies and extensive research and development to ensure it remains the benchmark in the industry.
Valeo Pyeong Hwa co., Ltd was established in 1988, with the aim of becoming a world-leading company, as a joint venture between Pyeong Hwa Clutch Ind. Co, an auto-parts specialist with a long history, and Valeo, a top French auto parts maker. Valeo Pyeong Hwa has earned a solid reputation as the best auto-parts company based on its strong technology and sincere attitude towards its customers. It is a world-leading auto-part supplier for major automobile companies in Korea, the United States, Japan and Europe.
KDAC is a leading automotive component company that was established as a joint venture between Delphi Automotive Systems, the world’s largest supplier of mobile electronics and transportation systems, and Daewoo Motors (50:50). KDAC provides auto-parts based on its superior technology. It is always looking for ways to develop more sophisticated technology with the aim of enhancing its competitiveness in the global market and becoming one of the 10 largest auto-parts suppliers in the world.
Samick THK, Co., Ltd is a stock listed company that was established in Daegu in 1960. Samick prepared the foundation for its growth by selling files and rasps, which are finishing and polishing tools used essentially in the industrial field. After forming a partnership with THK, it began domestic production of a linear motion guide. Through ceaseless efforts to bring about technological innovation and change, it has expanded its business scope to include auto-parts, mechatro and industrial facility automation and, in so doing, has cemented its position as the firm market leader.