BUSAN < invest Korea

According to Yonhap News,

(BUSAN=Yonhap News) Busan City and S&T Motiv, a local automobile parts manufacturer, will sign an investment promotion agreement on September 23.

S&T Motiv will expand the automotive electronics and pump assembly lines and relocate the headquarters of S&T Electrics, the subsidiary of S&T Motiv, and its Yangsan plant to Busan.

With its large-scale investment, S&T Motiv will create 1,000 new jobs.

Busan will provide administrative and financial support to S&T Motiv for its investment in the city.

S&T Motiv will revitalize the regional economy by cooperating with local companies and hire excellent employees through industrial-academic cooperation with regional universities.

sjh@yna.co.kr

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Source Text

Source: Yonhap News (Sept. 21, 2015)

** This article was translated from the Korean.