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CBFEZA to Sign Investment Agreement with 7 Companies
(CHEONGJU = Newsis) Chungbuk Free Economic Zone Authority (CBFEZA) announced today that it will sign an agreement with seven companies to invest in the research & tourism business district in the 2nd Osong Industrial Complex.
The authority will hold a signing ceremony at the provincial office with representatives of the companies.
The CBFEZA will develop the 3,283,844m2 research & tourism business district at Bongsan-ri in Osong-eup, Cheongwon-gun. The district will be developed as a Northeast Asian hub that combines the environmentally-friendly BIT with business.
Parties to the agreement include Pion-Tech, JY Platech Co., Ltd., Shinhwa Industry Hi-Tech Co., Ltd., Puree Chem, Joonghun Meditech, Carepharm and 3H System.
The companies will relocate factories within the Seoul metropolitan area, make additional investments or form joint venture with foreign companies of Hong Kong, China and Japan.
Under the agreement, the companies will invest a total of KRW 126 billion and are expected to hire more than 380 employees. pjw@newsis.com
Source Text
Source: Newsis (April. 17, 2014)
** This article was translated from the Korean.
Date
2014.04.17
Views
555
(CHEONGJU = Newsis) Chungbuk Free Economic Zone Authority (CBFEZA) announced today that it will sign an agreement with seven companies to invest in the research & tourism business district in the 2nd Osong Industrial Complex.
The authority will hold a signing ceremony at the provincial office with representatives of the companies.
The CBFEZA will develop the 3,283,844m2 research & tourism business district at Bongsan-ri in Osong-eup, Cheongwon-gun. The district will be developed as a Northeast Asian hub that combines the environmentally-friendly BIT with business.
Parties to the agreement include Pion-Tech, JY Platech Co., Ltd., Shinhwa Industry Hi-Tech Co., Ltd., Puree Chem, Joonghun Meditech, Carepharm and 3H System.
The companies will relocate factories within the Seoul metropolitan area, make additional investments or form joint venture with foreign companies of Hong Kong, China and Japan.
Under the agreement, the companies will invest a total of KRW 126 billion and are expected to hire more than 380 employees. pjw@newsis.com
Source Text
Source: Newsis (April. 17, 2014)
** This article was translated from the Korean.