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Ssangbangwool Inc. & Jeshing Group Sign MOU to Build Resort in Jeju

(JEJU=NEWSIS) Ssangbangwool Inc., the leading underwear manufacturer in Korea, and China’s Jeshing Group signed a memorandum of understanding to build a large-scale resort in Jeju Island.


According to Ssangbangwool on September 16, the two companies will soon establish a special purpose company (SPC) in Jeju.

The SPC will build a large-scale luxurious resort to provide eco-friendly activities to the Chinese upper class.

Jeshing Group will invest KRW 1.8 trillion in Jeju for the high investment value of the Island.

Source Text

Source: Newsis (Sept. 16, 2015)

** This article was translated from the Korean.