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| Jeollanam-do | 2010-01-21 15:08:00 | ||
| Four Companies Invest KRW 17 bn in South Jeolla | |||
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The South Jeolla provincial government signed an investment agreement to the tune of KRW 17 billion with four companies including Schott Korea on January 18 at the provincial government complex. Under the agreement, Schott Korea will invest KRW 4 billion to build a production base for high value-added ship motor units in a 17,422㎡ site within the Gwangyang national industrial complex and hire 120 employees. Hansin T&S Co., designated as the project manager of a container hinterland complex in Gwangyang Bay Free Trade Zone, will also spend KRW 2.5 billion to operate an international logistics center in a 32,289㎡site of the Gwangyang complex and provide comprehensive logistics services including transportation, warehousing, processing, etc. Nanum Tech will invest KRW 2.5 billion to build a production facility for defibrillators (cardiopulmonary resuscitation) in a 3,696㎡ site in Jangseong Donghwa Electronics Argo-Industrial Complex. Cheongsannoksu Co. is planning to invest KRW 8 billion in Jangseong to produce premium traditional Korean liquor with home-grown produce. On the same day, Governor Park Jun-young said, “We will attract new materials businesses or food processing businesses to South Jeolla, and spare no effort to provide administrative and financial support for the companies to make success in this province.” Source: Yonhap News (January 18, 2010) ** This is an English translation of a Korean news article. |
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