According to Yonhap News,

(SEOUL=Yonhap News) The Korea Electric Power Corporation (KEPCO) signed memorandums of understanding (MOUs) with 28 companies including Green Information System on March 7 to attract corporate investment in the Bitgaram Energy Valley in Naju City, South Jeolla Province.

Having signed investment agreements with 77 companies in 2015, KEPCO has so far attracted 105 companies to the energy valley.

The investment of 28 companies, which amounts to KRW 108 billion, will create 800 new jobs. The investment of the total 105 companies is expected to reach KRW 534.1 billion and generate 3,837 jobs.

To facilitate the establishment of the energy valley, the companies will invest in the energy valley and create jobs. KEPCO and local governments will provide administrative support and relevant information to companies for their succesful investment in the energy valley.

KEPCO aims to attract 500 companies to the energy valley and create 30,000 jobs by 2020.

KEPCO also signed an MOU with the Korea Trade-Investment Promotion Agency to attract foreign investment.

cool@yna.co.kr

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