Gimcheon held a groundbreaking ceremony on April 15 to construct a new general industrial complex. The city plans to build a 1,424,000㎡ complex by 2015 with an investment of KRW 198 billion to attract companies in the fields of metal processing, automobiles, electronic parts, and non-metallic minerals.

The consortium, formed by Namkwang Construction and Kibong Construction, was selected to build the complex.

Located near Gyeongbu Expressway, the Gimcheon General Industrial Complex has access to abundant industrial water and electricity. The city aims to generate 10,000 jobs and attract investments worth KRW 3 trillion won through the creation of the complex and eco-tourism city-based infrastructure.

Source: Yonhap News (Apr. 11, 2013)

** This article was translated from the Korean.