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Neotech invested KRW 72.6 bln in a new PCB production plant in Cheongju Technopolis

According to Yonhap News,

The city of Cheongju and North Chungcheong Province signed an investment deal on May 18 with Neotech, a printed circuit board (PCB) maker, over investment in a new factory.

Under the contract agreed upon, Neotech will invest KRW 72.6 billion in establishing a new manufacturing facility, producing PCB panel, essential to semiconductor or electric device production, on a 18,000㎡ site near Cheongju Technopolis(3) by the end of 2026. In return for the investment, the city of Cheongju and North Chungcheong Province will provide all the necessary administrative supports to proceed the construction project.

Neotech is currently headquartered in Cheongju Technopolis.

Source Text

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Source: Yonhap News (May 18, 2021)

** This article was translated from Korean.