Kaohsiung attracts over 2.7 trillion yuan in investment in 6 years; Mayor says pace must quicken

Kaohsiung has attracted over 2.7 trillion yuan in investment in the last six years, marking substantial growth in its industrial sector. The city's government reported that the average and median per capita disposable incomes have increased by 18.49% and 14.25% respectively since 2020, the highest growth rates among Taiwan's six major metropolitan areas.

Mayor Chen Chi-mai emphasized that Kaohsiung is progressing but needs to increase its speed to remain competitive in the global market. The city's economic development bureau highlighted that six industrial parks have been established, adding 710 hectares of industrial land. This expansion aims to bolster the industrial development of Kaohsiung and the broader southern Taiwan region.

The city's manufacturing sector has also seen significant gains. The number of operating factories in Kaohsiung grew by 5.08% compared to 2020, leading all six major cities. Annual factory revenue reached 3.12 trillion yuan, with average revenue per factory and per employee also ranking first among the major cities. Employment in Kaohsiung, Qiaotou, and Nanzi science parks is projected to more than double from approximately 8,600 in 2020 to over 20,000 by 2025.

Kaohsiung's industrial transformation is evident in its growing employment and income figures. The unemployment rate remained at a low 3.2% last year, the lowest among the six major cities. The city has successfully transitioned from a heavy industrial base to an economy that integrates advanced manufacturing, smart technology, and financial services, positioning itself as a key hub for the global semiconductor, high-tech, and financial industries.

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Kaohsiung is on the right track, but facing global industrial competition, the pace must be faster.