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Chungju-si signed KRW 60 bn investment agreement with two companies
On April 23, Chungju-si announced that it had signed an investment agreement worth KRW 60 billion with KG F&B and SH.
KG F&B, a comprehensive food company, plans to invest KRW 50 billion by 2029 to establish a production facility with a total floor area of 10,559 square meters near its existing factory in the Megapolis Industrial Complex. It is expected to create 250 new jobs.
SH, which produces COD pipes for optical cable protection, will invest KRW 10 billion by 2028 to build a factory with a floor area of 1,322 square meters in Wolsang-ri, Geumga-myeon, creating around 20 jobs.
Chungju's mayor, expressed gratitude, stating, "We deeply appreciate the two companies for choosing Chungju despite global economic uncertainties. We will spare no effort in providing full support for their sustainable growth."
vodcast@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.05.07
Views
48
According to Yonhap News,
On April 23, Chungju-si announced that it had signed an investment agreement worth KRW 60 billion with KG F&B and SH.
KG F&B, a comprehensive food company, plans to invest KRW 50 billion by 2029 to establish a production facility with a total floor area of 10,559 square meters near its existing factory in the Megapolis Industrial Complex. It is expected to create 250 new jobs.
SH, which produces COD pipes for optical cable protection, will invest KRW 10 billion by 2028 to build a factory with a floor area of 1,322 square meters in Wolsang-ri, Geumga-myeon, creating around 20 jobs.
Chungju's mayor, expressed gratitude, stating, "We deeply appreciate the two companies for choosing Chungju despite global economic uncertainties. We will spare no effort in providing full support for their sustainable growth."
vodcast@yna.co.kr
Source Text
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Source: Yonhap News (April 23, 2025)
** This article was translated from Korean.