CHUNGCHEONGBUK-DO < invest Korea

According to Yonhap News,

Chungbuk-do (North Chungcheong Province) signed MOUs worth KRW 130.3 billion with three companies of Daewon Diecast Ind. (CEO Lee Gang-wan), Technosis (CEO Hwang Un-hyeon), and Jes-solar (CEO Choe Jae-gyeong) on January 24th.

Daewon Diecast Ind. was established in 1986, and supply auto parts and gas meter parts to Hyundai Motors, Kia Motor Company, etc. The company will build a new factory on the area of 7,716 m² within Cheongju Industrial Complex with the investment of KRW 12 billion by 2013 to reduce distribution expenses.

Technosis, founded in 2008, is specialized in testing polarizing plates for LCDs. It will invest KRW 14.3 billion by 2013 to construct a factory for testing polarizing plates, processing OLED parts, and manufacturing basic devices such as separating membranes of lithium-ion batteries, touch panel modules in the electronic and electricity industry.

Jes-solar, headquartered in Pyeongtaek, manufactures solar cells with the annual production capacity of 40 MW. It plans to newly build a factory to produce solar cells of 300 MW and wafers of 300 MW a year in Jeungpyeong Industrial Complex with the investment of KRW 140 billion.

Chungbuk expects that the MOUs with the three companies will generate 922 new jobs.

The 5th government elected by popular vote has attracted investment of KRW 2,147.3 billion from 27 companies so far.

Source Text

Source: Yonhap News (Jan. 24, 2011)

**This is an English translation of a Korean news article.