DAEJEON < invest Korea

According to Yonhap News,

Daejeon-si signed an investment agreement with four companies including three defense companies and one foreign-invested company at City Hall on March 16.

The three defense-related companies plan to invest KRW 32.9 billion in the Ansan Advanced Defense Industrial Complex to build the headquarters, factories, and research institutes.

Companies that have decided to invest this time include 'DusiTech', which develops satellite navigation devices, 'Euclidsoft', which develops artificial intelligence and big data analysis software, and 'Kwangwo', a manufacturer of core parts for factory automation.

Foreign-invested company 'ALLES' will invest KRW 12.3 billion in the foreign investment zone within the International Science & Business Belt in Dungok district.

Daejeon-si expects this investment to lead to 335 job creation.

youngs@yna.co.kr

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Source: Yonhap News (March 16, 2022)