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Ulsan attracted KRW 4 bn investment for factory establishment at the Mobile Tech Valley Industrial Complex
On August 19, Buk-gu, Ulsan-si signed an investment agreement with metal signage manufacturer Woojoo SPI for the establishment of a new factory in the Mobile Tech Valley General Industrial Complex.
Woojoo SPI plans to relocate its headquarters factory from Jinjang-dong to the Mobile Tech Valley and establish a manufacturing plant with the latest production facilities, with an investment of approximately KRW 4.05 billion.
The new factory is expected to break ground in October and be completed by January next year.
Under this agreement, Woojoo SPI aims to contribute to the regional economy by establishing and operating the new factory, and will prioritize hiring local residents from Buk-gu when recruiting personnel for the factory.
Buk-gu will provide various incentives related to the operation of the factory.
The district mayor of Buk-gu stated, "This investment will not only strengthen the competitiveness of our region's manufacturing industry but also play a significant role in revitalizing the local economy. We will support the stable settlement and growth of the business through administrative support and incentives."
jjang23@yna.co.kr
Source Text
** This article was translated from Korean.
Date
2025.08.21
Views
28
According to Yonhap News,
On August 19, Buk-gu, Ulsan-si signed an investment agreement with metal signage manufacturer Woojoo SPI for the establishment of a new factory in the Mobile Tech Valley General Industrial Complex.
Woojoo SPI plans to relocate its headquarters factory from Jinjang-dong to the Mobile Tech Valley and establish a manufacturing plant with the latest production facilities, with an investment of approximately KRW 4.05 billion.
The new factory is expected to break ground in October and be completed by January next year.
Under this agreement, Woojoo SPI aims to contribute to the regional economy by establishing and operating the new factory, and will prioritize hiring local residents from Buk-gu when recruiting personnel for the factory.
Buk-gu will provide various incentives related to the operation of the factory.
The district mayor of Buk-gu stated, "This investment will not only strengthen the competitiveness of our region's manufacturing industry but also play a significant role in revitalizing the local economy. We will support the stable settlement and growth of the business through administrative support and incentives."
jjang23@yna.co.kr
Source Text
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Source: Yonhap News (August 19, 2025)
** This article was translated from Korean.