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Gangwon State, Wonju-si signed KRW 40 bn investment agreement with an auto part manufacturer
Gangwon State, Wonju-si signed an investment agreement with Kwang Duck Auto & Technology (KT A&T), an automobile parts manufacturer, at Gangwon State Office on February 29.
With the agreement, KT A&T plans to relocate its headquarters and research center, currently in Namdong-gu, Incheon, to Wonju Enterprise City, and invest KRW 43.6 billion and hire 237 new employees.
The company plans to make a leap-forward as a global hidden chmpaion over the next five years, with KRW 200 billion in sales.
KT A&T, established in 1977, has its HQ and research center in Incheon, and production plants in China and Poland.
It built a production plant worth KRW 10 billion in Munmak, Wonju in 2013, which has been in operation since then.
Gangwon's governor mentioned that "the site of a new HQ in Wonju will be about 20,000 square meters, 7 times that of the current one in Incheon."
The State has set a target of attracting KRW 300 billion of corporate investment, creating 550 new jobs this year, and stepping up its efforts to attract companies focused on regional specialized projects.
The provincial government has set a target of 300 billion won to attract corporate investment this year and 550 new employees, and is stepping up efforts to attract companies focusing on regional specialized projects.
dmz@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2024.03.11
Views
42
According to Yonhap News,
Gangwon State, Wonju-si signed an investment agreement with Kwang Duck Auto & Technology (KT A&T), an automobile parts manufacturer, at Gangwon State Office on February 29.
With the agreement, KT A&T plans to relocate its headquarters and research center, currently in Namdong-gu, Incheon, to Wonju Enterprise City, and invest KRW 43.6 billion and hire 237 new employees.
The company plans to make a leap-forward as a global hidden chmpaion over the next five years, with KRW 200 billion in sales.
KT A&T, established in 1977, has its HQ and research center in Incheon, and production plants in China and Poland.
It built a production plant worth KRW 10 billion in Munmak, Wonju in 2013, which has been in operation since then.
Gangwon's governor mentioned that "the site of a new HQ in Wonju will be about 20,000 square meters, 7 times that of the current one in Incheon."
The State has set a target of attracting KRW 300 billion of corporate investment, creating 550 new jobs this year, and stepping up its efforts to attract companies focused on regional specialized projects.
The provincial government has set a target of 300 billion won to attract corporate investment this year and 550 new employees, and is stepping up efforts to attract companies focusing on regional specialized projects.
dmz@yna.co.kr
Source Text
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Source: Yonhap News (February 29, 2024)
** This article was translated from Korean.