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According to Yonhap News,

As semiconductor materials and electrical and electronic parts companies pledge to invest in Gochang-gun, Jeonbuk State, it is expected to revitalize the local economy and create jobs.

On December 23, Jeonbuk State and Gochang-gun signed investment agreements with three companies, Sonokong Materials, Z-Tech, and Daegyong Ace Tech.

Under the agreement, Sonokong Materials, an energy storage device materials provider, will spend KRW 163 billion to build a carbon lithium production facility, a key material for electric vehicles and energy storage systems (ESS) in Gochang New Invigoration Industrial Complex.

In addition, Z-Tech, which produces power semiconductor materials, plans to invest KRW 21 billion and Daegyong Ace Tech, which makes electric and electronic components, plans to invest KRW 3.5 billion to build a business in Gochang New Invigoration Industrial Complex.

They aim to employ 228 people in total.

The county's governor said, "We will do our best to attract high-tech ESG companies so that all sales lots in Gochang New Invigoration Industrial Complex can be sold," adding that "this investment agreement is expected to be a major catalyst for regional economic development and revitalization."


jaya@yna.co.kr

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Source: Yonhap News (December 23, 2024)

** This article was translated from Korean.