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Chungju city signed an investment contract worth KRW 31 bln with three local biz

According to Yonhap News,

North Chungcheong Province has signed an investment agreement worth KRW 31.5 billion with three local businesses, Hanil Food, LCC and Kyeongbo. Hanil Food, a hand-made noodle maker, is expected to spend KRW 200 billion on a new facility, which will settle in a 8,250 square meter site, hiring a hundred new workers by 2021.

LCC, which produces environmentally friendly takeaway containers, announced its investment plan on a new production line inside MegaPolis Industrial Cluster, having 50 more employees by the end of March next year. The total volume appears to exceed KRW 9 billion.

An auto parts manufacturer, Kyeongbo, also said they’ll invest as much as KRW 2 billion in a new factory which will sit on a 991 square meter site by the end of March next year, having 30 additional workers.

Source Text

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Source: Yonhap News (Dec. 17, 2019)

*This article was translated from Korean.