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N. Chungju Prov. signed a KRW 33.5 bln MOU with 2 investors – Woojung and Jeongsan Aikang

According to Yonhap News,

North Chungcheong Province signed a KRW 33.5 billion partnership deal with two separate investors, Woojung HNC and Jeongsan Aikang on Apr 27. Woojung, providing a comprehensive solution for firefighting applications, recently unveiled its investment plan to move into Chungju city with new resources added to produce EV components.

Woojung will spend as much as KRW 28.5 billion by the end of 2025 on a new production facility to be located across a 13,223㎡ site inside East Chungju Industry Cluster, adding 67 new jobs.

With KRW 5 billion, a pipe manufacturer, Aikang, will invest in a new factory on a 2,164㎡ site near Monam-ri, hiring 25 local residents.

Source Text

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Source: Yonhap News (Apr 27, 2021)

** This article was translated from Korean.