JEOLLABUK-DO < invest Korea

According to Yonhap News,

SC, a joint venture between Korea and China, and JPoly, a Korean company, will invest a total of 46.5 billion won in the Saemangeum National Industrial Complex.

These companies plan to purchase 58,830 square meters of land in the Saemangeum National Industrial Complex and start building the factories from September to October of this year and complete their construction in the first half of next year and the second half of next year, respectively.

Jeollabuk-do announced on August 25 that it had signed an agreement with these companies at Ramada Hotel in Gunsan.

SC Co., Ltd., a Korean-Chinese joint venture foreign-invested company, plans to produce advanced equipment for processing and mass producing UTG (ultra-thin glass) starting from the first half of next year.

JPoly, a partner of a large domestic chemical company, plans to produce advanced functional composite resin materials used for electric/electronic and vehicle weight reduction from fall next year.

The provincial government plans to provide every support together with SDA Authority, Gunsan City, and the Korea Rural Community Corporation to ensure these companies settle in the Saemangeum Industrial Complex.

An official from the provincial government said, "the investment of these companies, which directly employ about 120 people, will be of great help in revitalizing the local economy and add momentum to the development of Gunsan Port and Saemangeum New Ports with an increase in import and export logistics."

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Source:Yonhap News (August 25, 2021)