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Jeongeup City Signs Investment Agreement with Woosung Textile

According to Yonhap News,

(JEONGEUP=Yonhap News) Jeongeup City announced March 16 that it signed an investment agreement with Woosung Textile, a U-turn company, to invest KRW 6 billion in building an industrial gloves manufacturing plant.

Woosung Textile, an industrial gloves producer, will record KRW 10 billion of sales annually and create 50 new jobs.

Woosung Textile, established in 2005, entered the Vietnamese market in 2009 and made a u-turn back to the domestic market.

"The easily accessible transportation of Jeongeup City helps companies doing businesses in the city. We will strive to support the u-turn companies wishing to move back to the regional industrial complexes," said Jeongeup mayor Kim Saeng-ki.

Copyrights Yonhap News. All Rights Reserved.

Source Text

Source: Yonhap News (Mar. 16, 2016)

** This article was translated from the Korean.