Daegu-Gyeongbuk Free Economic Zone (DGFEZ) said Nakamura Precision Industry started the construction of a manufacturing facility for precision machining tools.

The Japan-based company plans to build the facility on a 19,488 square meter-site in Daegu Technopolis by October with the total investment of $19.7 million.

"Investment attraction from the Japanese company will lead to the introduction of Japanese cutting-edge technology to Korea, which is expected to increase competitiveness of the local industry," said head of the DGFEZ authority Choi Byeong-rok.

Source Text

Source: Yonhap News (Apr. 18, 2012)

** This is the translation of a Korean article.