GWANGJU < invest Korea

According to Yonhap News,

(GWANGJU=Yonhap News) Gwangju City reached KRW 422.3 billion investment agreements with 6 foreign companies (KRW 94 billion) and 23 domestic companies (KRW 328.3 billion) in 2015, according to the city on December 6.

Among them, 13 agreements have led to investment, 15 are underway and 1 has been cancelled.

The city each signed KRW 60 billion investment agreement with Forward Ventures (Coupang) and LSIS, which will create 1,000 and 100 workers, respectively.

The city signed a KRW 52.4 billion investment agreement with Sebang Industrial, while Hyundai Motor will invest KRW 50 billion in building a data center.

Other large-scale investment agreements include Dayou Winia (KRW 48.5 billion), Daeho Electric (KRW 30 billion) and G-Geumgang (KRW 20 billion).

sangwon700@yna.co.kr

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Source Text

Source: Yonhap News (Dec. 04, 2015)

** This article was translated from the Korean.