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SUNGWOO HITECH and tossCX to invest KRW 45.7 bn in Busan, hiring 191 new employees
On August 18, Busan-si announced that it would sign a memorandum of understanding with SUNGWOO HITECH and tossCX to invest KRW 45.7 billion and hire 191 new employees.
SUNGWOO HITECH will liquidate some of its operations in China and return to Korea to establish a future vehicle parts production facility in Jangan-eup, Gijang-gun, with an investment of KRW 44 billion. This move will enable the company to begin mass production of key components to meet the needs of the next-generation mobility era, and it will hire 30 new employees.
SUNGWOO HITECH is a representative local company in Busan, specializing in automotive body parts manufacturing.
tossCX will invest KRW 1.7 billion to establish a next-generation financial consulting center based on big data in Centum City, Haeundae-gu. This will support advanced customer consultation and artificial intelligence learning data development, and the company plans to locally hire 161 new employees.
tossCX is a financial consulting subsidiary of Toss, a leading domestic fintech group.
Busan's mayor stated, "I am grateful to the two companies for making bold investments in Busan despite the uncertainties in the international trade environment and the difficulties in the domestic economy."
wink@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.08.19
Views
33
According to Yonhap News,
On August 18, Busan-si announced that it would sign a memorandum of understanding with SUNGWOO HITECH and tossCX to invest KRW 45.7 billion and hire 191 new employees.
SUNGWOO HITECH will liquidate some of its operations in China and return to Korea to establish a future vehicle parts production facility in Jangan-eup, Gijang-gun, with an investment of KRW 44 billion. This move will enable the company to begin mass production of key components to meet the needs of the next-generation mobility era, and it will hire 30 new employees.
SUNGWOO HITECH is a representative local company in Busan, specializing in automotive body parts manufacturing.
tossCX will invest KRW 1.7 billion to establish a next-generation financial consulting center based on big data in Centum City, Haeundae-gu. This will support advanced customer consultation and artificial intelligence learning data development, and the company plans to locally hire 161 new employees.
tossCX is a financial consulting subsidiary of Toss, a leading domestic fintech group.
Busan's mayor stated, "I am grateful to the two companies for making bold investments in Busan despite the uncertainties in the international trade environment and the difficulties in the domestic economy."
wink@yna.co.kr
Source Text
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Source: Yonhap News (August 18, 2025)
** This article was translated from Korean.