Shortcut to Body Shortcut to main menu

Invest Korea

※ Click the button below to use Customized Information Search services.
Quick Link to Customized Information Search services

Investment News

  • Home
  • Information Center
  • Newsroom
  • Investment News
Gimhae/Kuroda Electric JV Project Underway
제목 없음


A joint venture established between Gimhae and Japan's Kuroda Electric is gearing up to apply for industrial complex designation next month.


Established in August, the joint venture will build a 400 billion won ($357 million) industrial complex in Gimhae designated for Japanese companies. Construction of the complex is scheduled to begin in the first half of 2013.


Kuroda Electric, an automotive component manufacturer, made headlines earlier this year when it signed a memorandum of understanding (MOU) with Gimhae and became the first Japanese conglomerate to establish an industrial complex in Korea. Gimhae had long made an effort to draw Kuroda's investment through its 10-year partner, eCOREA.


The industrial complex, which will house Kuroda Electric's partner companies by 2015, is expected to generate 3,000 jobs and boost relevant industries.


"What's most important in drawing investment from prudent Japanese investors is gradually building up their trust," said a Gimhae official.


Source Text


Source: Yonhap News (Sep. 5, 2012)


** This is the translation of a Korean article.

Meta information