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Chungju city signed on KRW 18 bn investment agreement with Narae

According to Yonhap News,

(CHUNGJU=Yonhap News) Chungju city, North Chungcheong province signed MOU with Narae Food Agricultural Corporation on KRW 18 billion investment on April 29.

Narae, a producer of egg products such as soy sauce egg and egg salad, will invest KRW 18 billion in Megapolis, Chungju to build a factory in the 7,410 square meters of building area on 21,629 square meters of site area by 2020.

Chungju city expects that construction of Narae factory to bring about creation of 61 jobs.

With attracting Narae's investment, Chungju city boosted the sales rate of Megapolis to 97%.

Chungju mayor said, "We will not spare any efforts in providing administrative and financial support in the procedures of factory permit and license, workforce supply, and export to ensure Narae to settle stably in Chungu and grow into a successful company."

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Source Text

** This article was translated from Korean.

Source: Yonhap News (April 29, 2019)