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Wellfine, a specialized health supplement company, to invest KRW 26.2 bn in Hoengseong to expand its factory
Wellfine, a specialized health supplement company, will expand its factory in Hoengseong, Gangwon State.
On February 12th, Gangwon State, Hoengseong County, and Wellfine held a signing ceremony at the provincial government office to establish the new Hoengseong Second Factory.
The ceremony was attended by approximately 10 people, including Gangwon Governor, Hoengseong Mayor, and Wellfine CEO.
Under the agreement, Wellfine plans to invest KRW 26.2 billion to build a three-story factory on a 6,095 m² site near its existing facility in the Hoengseong Ucheon Second Agro-Industrial Complex by July next year.
It is expected to create about 20 new jobs.
Founded in 2009, Wellfine is a company specializing in the manufacturing of health supplements.
After relocating its factory to Hoengseong in 2017, the company expanded its facilities and increased productivity, achieving KRW 43.1 billion in sales last year.
Wellfine has rapidly emerged as a key player in the health supplement market, winning the Grand Prize and the 2 Million Dollar Export Tower at the 28th Gangwon Small and Medium Business Awards.
Wellfine is expected to contribute to the development of the natural bio industry, which Gangwon State is actively fostering.
Mayor Kim expressed his gratitude, saying, "We thank Wellfine for contributing to the local community through its continuous technological innovation efforts and job creation. We will actively support the company to grow further in Hoengseong, alongside Gangwon State."
jlee@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.02.14
Views
65
According to Yonhap News,
Wellfine, a specialized health supplement company, will expand its factory in Hoengseong, Gangwon State.
On February 12th, Gangwon State, Hoengseong County, and Wellfine held a signing ceremony at the provincial government office to establish the new Hoengseong Second Factory.
The ceremony was attended by approximately 10 people, including Gangwon Governor, Hoengseong Mayor, and Wellfine CEO.
Under the agreement, Wellfine plans to invest KRW 26.2 billion to build a three-story factory on a 6,095 m² site near its existing facility in the Hoengseong Ucheon Second Agro-Industrial Complex by July next year.
It is expected to create about 20 new jobs.
Founded in 2009, Wellfine is a company specializing in the manufacturing of health supplements.
After relocating its factory to Hoengseong in 2017, the company expanded its facilities and increased productivity, achieving KRW 43.1 billion in sales last year.
Wellfine has rapidly emerged as a key player in the health supplement market, winning the Grand Prize and the 2 Million Dollar Export Tower at the 28th Gangwon Small and Medium Business Awards.
Wellfine is expected to contribute to the development of the natural bio industry, which Gangwon State is actively fostering.
Mayor Kim expressed his gratitude, saying, "We thank Wellfine for contributing to the local community through its continuous technological innovation efforts and job creation. We will actively support the company to grow further in Hoengseong, alongside Gangwon State."
jlee@yna.co.kr
Source Text
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Source: Yonhap News (February 12, 2025)
** This article was translated from Korean.