DAEGU < invest Korea

According to Yonhap News,

The second factory complex of Daegu Tech, a ultra-thin metal cutter manufacturing firm, is scheduled for completion a few days later.

The completion ceremony is to be held on the next Monday at the factory site with about 2,500 participants including Israel-based IMC Group CEO Jacob Harpaz, Israeli Ambassador to Korea and other attending.

The 58,000 square meter-complex includes four factories and three office buildings.

Daegu Tech is a local unit of the IMC Group, 80 percent of whose stake was purchased by Berkshire Hathaway in 2006.  

The IMC invested a total of 100 billion won to build the second factory complex. Berkshire Hathaway CEO Warren Buffet's visit to Korea in February to participate in the groundbreaking of the second factory was put in the spotlight.

"Following the foreign investment attraction in Daegu Tech, we continue our efforts to draw more foreign investors," said Daegu Mayor Kim Beom-il.  

Source Text

Source: Yonhap News (Mar. 30, 2012)

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