Shortcut to Body Shortcut to main menu

News & Event

  • Home
  • News
  • News & Event
JungWon Food invests KRW 20 bln in N. Chungcheong Prov.

According to Yonhap News,

Youngdong-gun in North Chungcheong Province signed a KRW 20 billion worth of investment deal with JungWon Food Corp. on Jan 13. The food producer unveiled its plan to move its business and production facilities on a 9,588㎡ site within the Youngdong industry cluster by the end of 2025. They also pledged local hiring, adding 30 new jobs once the procedures for relocation completely comes to an end.

Net land value of the cluster is estimated to be KRW 93,000 per each square meter. The cluster’s occupancy rate is currently reported to be 93 percent.

An official said “The close proximity of the cluster to interstate exit ramp ensures geographical accessibility, which makes the place popular for many investors nationwide.”

Source Text

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.

Source: Yonhap News (Jan 13, 2020)

** This article was translated from Korean.