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According to Yonhap News,
(DAEGU=Yonhap News) An eco-friendly packing material plant jointly invested by Singaporean, Vietnamese and Korean companies will be established at the Yeongcheon Free Economic Zone.
The Daegu-Gyeongbuk Free Economic Zone Authority signed an investment MOU with ASPT, North Gyeongsang Province, and Yeongcheon city to build a manufacturing facility at the industrial complex for high-tech components and materials in Yeongcheon by investing USD 18 million through 2020.
The joint venture will produce environmentally-friendly wrappers for food and electronic devices.
With the newly signed MOU, the industrial complex has attracted foreign investment of USD 193 million from 8 foreign companies of 6 countries.
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Source: Yonhap News (Jul. 14, 2016)
** This article was translated from the Korean.