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Jincheon Meets Annual Investment Target by Securing KRW 860 Billion in Investment in First 6 Months

According to Yonhap News,

(JINCHEON=Yonhap News) The County of Jincheon in Chungcheongbuk-do announced on March 23 that it succeeded in securing KRW 860 investment from out-of-province investors in total this year.

The county has signed agreements on investment with four major corporations in Korea, including Cheil Jedang (CJ).

The county is poised to enter into two additional contracts with two other investors next month, totaling KRW 330 billion.

By attracting investment from these corporations, Jincheon expects to satisfy its annual investment target of KRW 1.2 trillion in the first six months of this year alone.

The county also expects these new investments to create up to 1,500 new jobs.

A county official explained: “Thanks to Jincheon’s location in the heart of Korea and the extensive transportation networks leading into the county, we are getting much interest from investors these days. We are even considering raising our annual investment target to KRW 2 trillion this year.”

Jincheon is home to six industrial clusters, four of which, including the one at Songdu, are currently under construction.

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Source Text

** This article was translated from the Korean.

Source: Yonhap News (Mar. 23, 2018)