News & Event
- Home
- News
- News & Event
Jeonbuk State and Jeongeup-si signed investment agreements worth KRW 10.8 bn with two bio companies
On July 30, Jeonbuk State and Jeongeup-si signed an investment agreement worth KRW 10.8 billion with two bio companies, Bio Maysin and GI.
The two companies plan to build functional cosmetics and additive production facilities on approximately 2,500 pyeong in the Jeongeup High-tech Science Industrial Complex and hire 30 employees.
This site was designated as a "Opportunity Development Special Zone" for the bio industry in June, providing benefits such as corporate tax reductions and 10% investment subsidies for companies.
The two companies plan to complete the land acquisition this year and start construction between February and March of next year, with production facilities expected to be completed by September.
doo@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.08.04
Views
87
According to Yonhap News,
On July 30, Jeonbuk State and Jeongeup-si signed an investment agreement worth KRW 10.8 billion with two bio companies, Bio Maysin and GI.
The two companies plan to build functional cosmetics and additive production facilities on approximately 2,500 pyeong in the Jeongeup High-tech Science Industrial Complex and hire 30 employees.
This site was designated as a "Opportunity Development Special Zone" for the bio industry in June, providing benefits such as corporate tax reductions and 10% investment subsidies for companies.
The two companies plan to complete the land acquisition this year and start construction between February and March of next year, with production facilities expected to be completed by September.
doo@yna.co.kr
Source Text
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (July 30, 2025)
** This article was translated from Korean.