GWANGJU < invest Korea

According to Yonhap News,

(GWANGJU = Yonhap News) The city of Gwangju announced on Wednesday that it signed a KRW 62.5 billion investment agreement with 11 high-tech companies from the fields of the medical equipment, auto, new and renewable energy and contact lenses manufacturing industries. The city expects that the companies will provide more than 460 employment opportunities under the agreement.

Seven companies including Good Doctors will invest a total of KRW 29.5 billion and hire 235 employees.

In the auto industry, two companies plan to invest KRW 25 billion and provide job opportunities to 100 local residents. The auto company Innovent will invest KRW 2 billion.

Jeonghan will invest KRW 3 billion and hire 25 employees in the new and renewable energy industry, and Vassen will invest KRW 5 billion and create 100 employment opportunities.

“Gwangju has an ideal R&D infrastructure, talented workers and financial support systems,” said Kim Yeong-woon, President of Good Doctors.

“We will maintain a close relationship and help the companies invest in accordance with the agreement,” said an official of Gwangju.

shchon@yna.co.kr

Copyrights Yonhap News. All Rights Reserved.

Source Text

Source: Yonhap News (Mar. 12, 2014)

** This article was translated from the Korean.