Almonty Daehan Heavy Industries held a resident information session in Sangdong-eup, Yeongwol, Gangwon-do, “Expected to revitalize the local economy and create jobs”

by times news cr

Almonty Daehan Heavy Industries held a resident details session⁢ at the‍ Sangdong-eup Office Welfare Center on the 6th and announced that‌ the Sangdong⁢ Mine Redevelopment Project would revive the local economy and bring about increased employment, appealing for the support and support⁢ of local residents.

Almonty Korea Heavy Industries predicted that when the⁣ beneficiation plant begins full operation in June next year,⁢ the current number of permanent employees, about 50, will increase to more than 100,⁢ and the ​floating population will ​also⁢ increase due to business trips by employees from related companies and institutions. He then promised to cooperate⁢ wiht yeongwol-gun by building dormitories in the future to increase ‍the economically active population⁣ of Sangdong-eup.

almonty Daehan Heavy Industries saeid ‍that a critically important increase in the resident economically active population is expected to have a strong trickle-down effect on the local economy, considering the current number of workers in ⁣each industry and the scale ⁤of economic activities in Sangdong-eup.

Along‍ with these plans, AKTC announced that ⁢it demonstrated‍ it’s sincerity in supporting the ⁢stability of the local community by acquiring the⁤ Sangdong gas station, which was in danger of closure last May.By maintaining essential infrastructure and employing​ local residents, Almonty aims to contribute to⁣ revitalizing the local​ economy and improve ⁣the⁢ quality of life for Sangdong residents, he added.

One ‍of the main features of this project ⁤is that Sangdong Mine will be built in accordance with the ‘Equator Principles’, the ​highest international standard for ESG (three key ‍elements for achieving sustainability in corporate management; environment, society, and governance). He expressed that it is indeed happening. The⁢ position is that this tungsten mine will ​become a source of global pride and make⁣ the local community proud. This means that the redevelopment of Sangdong Mine does not just support economic revitalization,⁢ but also pursues environmental friendliness and coexistence with ⁢local residents.

Compared to the time when ‌the Sangdong Mine closed in 1994, it is no exaggeration to say that the current Sangdong-eup economy is devastated. According⁤ to the Yeongwol-gun Office statistical yearbook, there are ‍119 self-employed businesses operating in Sangdong-eup as of 2021, but they are experiencing difficulties such as an increase in business ‌closures due to a steady ‍decrease in the resident population and a shrinking economic‍ scale. Almonty Korea Heavy Industries predicted that with the operation of‌ the mineral processing plant,local infrastructure will be expanded and⁢ the likelihood of new businesses and service industries being created ⁣will increase.

Almonty Daehan Heavy ‌Industries ​said, “The redevelopment of the Sangdong Mine will not just stop at producing tungsten, but will be ​an possibility⁤ to revitalize the ⁢local economy in various ways,” and promised to‍ promote win-win cooperation with local residents by implementing an additional point system that prioritizes hiring of Sangdong-eup residents. did it As other large companies in Yeongwol have already done, they added that they will⁢ provide certain preferential treatment to young people from Sangdong and Yeongwol when they apply for employment under the same conditions. He also added that ⁢he would give priority ​to seniors currently living in Sangdong if they have the same qualifications and abilities for daily labor services that Almonty Daehan Jungseok will need in the future,such ⁤as cleaning,security,or the staff cafeteria.

monty Daehan Heavy‍ Industries would hire local residents first. To this end, we ask that ‌you announce your employment plan in advance and prepare education and training courses in advance.”

Kim Sang-jun, Donga.com reporter [email protected]

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  • What are the expected employment opportunities that will arise from the Sangdong Mine ⁢Redevelopment Project?

    Interview between Time.news Editor and Dr. Elena ‍Park, economic Development Expert

    Editor: Good afternoon, Dr.⁤ Park, and thank⁤ you for joining us today.The recent proclamation from Almonty Daehan Heavy Industries regarding the Sangdong Mine Redevelopment Project has gained meaningful attention. ⁢What are the‍ most impactful potential outcomes of this initiative for the ‍local ‍community?

    Dr. Park: Good afternoon! ⁢I’m delighted​ to ⁤be here. The‍ Almonty Daehan Heavy Industries ⁣initiative is pivotal for Sangdong-eup. Firstly, it is expected to double the employment opportunities by increasing the number of permanent⁣ employees from 50 to over⁢ 100. Such a​ boost not only signifies direct‍ job creation but also hints⁤ at⁢ a ripple‌ effect on local businesses ‌as the floating‍ population rises with employees from related ​sectors.

    Editor: That’s a compelling point. With more ‌workers and increased economic activity,how might this⁤ impact local infrastructure​ and the⁢ broader community?

    Dr.Park: Very much so! One of the ​crucial aspects of the‍ redevelopment is the potential for local infrastructure improvements. The prediction of⁤ new businesses and service‍ opportunities could revitalize ‍areas that have struggled since the mine’s closure in 1994. We’re seeing ‌an alarming decline in self-employed businesses, dropping from 119, leading to closures due to diminishing populations. This​ project can⁢ reverse that trend considerably.

    Editor: It ⁤sounds like‍ Almonty ‍has a holistic​ approach.⁤ I understand thay’re ⁣also ‍focusing on sustainability through ⁢their adherence to the Equator Principles. How significant is this aspect for ​the residents of Sangdong-eup?

    Dr. Park: ⁢ The inclusion‍ of best practices in environmental ‍and social governance (ESG) is paramount. Not only does it ensure that operations are​ conducted responsibly, but it also fosters a sense of pride among ‍local residents.When they see that ⁣an international ⁤standard is ‌being followed, it can enhance community trust and improve⁢ their life quality in the long run. It’s about more then economic revitalization; it’s ‌also about creating a sustainable model that harmonizes with their daily lives.

    Editor: You’ve touched upon community ⁢trust. How is Almonty planning​ to engage with and ​support local ⁣residents as⁣ part of⁣ their development strategy?

    Dr. Park: That’s a crucial part of their plan. Almonty has promised to prioritize⁢ hiring local residents and has committed to developing education and training courses to prepare them for roles in ⁢the new ⁤facility.They’ve stated intentions to implement a point system to favor local applicants, notably for senior and ​young ​candidates, which aligns perfectly with fostering local empowerment within job markets. This approach helps ⁤local residents invest in their‍ community’s future.

    Editor: it seems there’s a clear ‌methodology to enhance not⁢ just ⁢job availability but also​ social equity.⁢ in your opinion, what can other industries learn‍ from Almonty’s⁢ approach to community engagement⁣ and development?

    Dr. Park: ‍Absolutely. Almonty’s model showcases the importance of ​integrating community needs and sustainability into⁤ the core business ‌strategies of any industrial initiative. Industries should actively engage⁣ with local stakeholders,⁤ not just to solicit ⁤support but to build trust ‌and ‍commitment to mutual ⁣goals.‌ When businesses look beyond mere⁢ profits‌ and prioritize social responsibilities, they contribute to a more resilient economy—one that uplifts people rather than isolates them during times ‌of growth.

    Editor: Dr. Park, your insights have been invaluable today.it seems like the Sangdong Mine Redevelopment Project has the potential to be⁣ a transformative catalyst for the local economy and⁢ community. ⁣Thank you for ⁢your time!

    Dr. Park: ⁢ Thank you for ‍having ‌me! it’s an exciting time for Sangdong-eup, and I’m eager to see how‌ this project unfolds.

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