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A manufacture of high-performance composite materials to invest KRW 60 bn for factory establishment in Wonju
A defense industry company that manufactures high-performance composite materials, including ultra-lightweight reinforced fibers for bulletproofing, will invest KRW 60 billion to establish a new factory in Wonju, Gangwon State.
On August 21st, Gangwon State and Wonju-si signed an investment agreement with the defense industry company, Korea Precision Materials Industry (KPMI).
According to the agreement, KPMI will invest a total of KRW 60 billion to establish a new factory spanning 23,000 square meters in the Buron Industrial Complex in Wonju.
This is expected to create 97 jobs.
KPMI is a startup that manufactures ultra-lightweight reinforced fibers used in bulletproof and stab-resistant equipment and military vehicles.
Since its establishment in 2020, the company has surpassed its break-even point and achieved sales of KRW 10.8 billion in 2024.
As the only domestic producer of reinforced fiber materials, this investment aligns with the State's efforts to foster the defense industry, one of its seven key strategic industries, according to Gangwon State and Wonju-si.
The new factory will be the second plant established in the province, following KPMI's existing factory in the Wonju Munmak Industrial Complex.
It will be five times larger in scale than the company's largest existing production line located in Jecheon, Chungbuk-do.
jlee@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.08.25
Views
32
According to Yonhap News,
A defense industry company that manufactures high-performance composite materials, including ultra-lightweight reinforced fibers for bulletproofing, will invest KRW 60 billion to establish a new factory in Wonju, Gangwon State.
On August 21st, Gangwon State and Wonju-si signed an investment agreement with the defense industry company, Korea Precision Materials Industry (KPMI).
According to the agreement, KPMI will invest a total of KRW 60 billion to establish a new factory spanning 23,000 square meters in the Buron Industrial Complex in Wonju.
This is expected to create 97 jobs.
KPMI is a startup that manufactures ultra-lightweight reinforced fibers used in bulletproof and stab-resistant equipment and military vehicles.
Since its establishment in 2020, the company has surpassed its break-even point and achieved sales of KRW 10.8 billion in 2024.
As the only domestic producer of reinforced fiber materials, this investment aligns with the State's efforts to foster the defense industry, one of its seven key strategic industries, according to Gangwon State and Wonju-si.
The new factory will be the second plant established in the province, following KPMI's existing factory in the Wonju Munmak Industrial Complex.
It will be five times larger in scale than the company's largest existing production line located in Jecheon, Chungbuk-do.
jlee@yna.co.kr
Source Text
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Reprint or redistribution without permission is prohibited.
Source: Yonhap News (August 21, 2025)
** This article was translated from Korean.