GANGWON-DO < invest Korea

According to Yonhap News,

Taebaek-si, Gangwon-do signed an MOU with Bluemotion Company on company's relocation and the city's provision of support on June 24.

According to the MOU, Bluemotion Company will invest about KRW 6.2 billion by 2023 to build a research center and factory.

Bluemotion Company came on top of the 2nd Next Unicorn project in 2020, which intended to encourage youth startups to relocate to the abandoned mine area.

A mayor of Taebaek-si promised "we will spare no efforts in providing administrative and financial support to Bluemotion Company so that it can grow into a unicorn company in Taebaek."

Source Text

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.

Source:Yonhap News (June 24, 2021)