BUSAN < invest Korea

According to Yonhap News,

(BUSAN=Yonhap News) Insung Enpla, a company specialized in automotive parts and optical components, will move its headquarters and plants to the Eco-Delta City in Busan.

Youn Hyung-gwan, CEO of Insung Enpla, signed a Memorandum of Understanding (MOU) with K-water President Lee hak soo and Busan mayor Seo Byeong-soo at Busan City Hall on January 5 to relocate its head office and manufacturing facility to Busan.

Relocation of the parts and material producer is expected to create quality jobs and boost the local auto parts industry.

In order to facilitate the investment and business relocation, Busan City pledged to provide administrative and financial support while K-Water, developer of the Eco-Delta City, agreed to help land acquisition.

Established in 1999, Insung Enpla is a specialized automotive and industrial parts and materials maker. Its mainstay products are automobile parts and LED lamps.

The company will start to build new headquarters and plant around 2021 when construction work of the Eco-Delta City is completed.

joseph@yna.co.kr

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