GWANGJU < invest Korea

An investment promotion delegation led by Gwangju Mayor Kang Un-Tae signed a USD 100 million contract in Hong Kong.

The signing ceremony was held at the Hong Kong Grand Hyatt Hotel with representatives from AK D&D and nTOPS.

According to the contract, AK D&D will invest USD 100 million, which was mainly provided by the Chandra Bunda Dewi Foundation, to establish an environmental equipment production plant and a research center with nTOPS in Gwangju Metropolitan City.

The Chandra Bunda Dewi Foundation was established to provide public services ? to improve the environment of Third World countries, support underfed children and those with disabilities, and establish hospitals, for example.

A Hong Kong-based finance and investment company, AK D&D has invested in the USA, Middle East, and South America.

nTOPS is a developer and manufacturer of environmental equipment founded in 1990. It has about 30 patents.

“The environmental sector has potential to become a blue ocean market. We will do our best to achieve tangible results from this contract,” said Kang.

Source: Yonhap News (Mar. 17, 2013)

** This article was translated from the Korean.