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Investment News

2019.06.07
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Chungbuk-do attracted USD 24 million investment from China


According to Yonhap News,

(CHEONGJU=Yonhap News) On June 5, North Chungcheong Province announced that it signed investment agreement worth USD 24 million with Shenzhen Jie Wei Industrial Equipment.

Chungbuk delegation led by its governor Lee Si-jong visited Wuhan city in Hubei Province and Shenzhen city in Guangdong Province on June 4-5 to have export consultation and a session to promote Chungbuk's tourism industry.

During this visit, the Chungbuk-do held a MOU signing ceremony with Shenzhen Jie Wei Industrial Equipment.

The company was founded in 2011, and became No. 1 in the Chinese market in lithium battery automatic raw materials input system, with 75% market share.

Ten provincial companies who accompanied the Chungbuk-do delegation to China also signed on USD 367,700 exports and USD 3 million export agreements during business partnering between Chungbuk-do and Hubei Province held at Wuhan city.

The delegation also had the ceremony celebrating the 5th anniversary of sister city relationship with Hubei Province.



jeonch@yna.co.kr


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.


Source Text


Source: Yonhap News (June 5, 2019)

** This article was translated from Korean.

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