BUSAN < invest Korea

According to Yonhap News,

(BUSAN=Yonhap News) Leopard, a safety shoes manufacturer that entered the Chinese market, has u-turned to Busan.

Leopard President Kwon Yong-rok and Busan City Mayor Seo Byeong-su signed a u-turn company agreement on November 9 at Lotte Hotel Seoul.

Leopard will reduce its production in China and invest KRW 2.1 billion in Busan to build a plant.

"Busan is the mecca of shoes industry due to the supply of excellent human resources and high-technology development. We will focus on attracting Korean shoes manufacturers in overseas markets to return to the city and helping the u-turn companies to settle down," said a city official.

Among the 14 u-turn companies in Busan, 11 are shoes manufacturers.

sjh@yna.co.kr

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