JEOLLABUK-DO < invest Korea

According to Yonhap News,

A jewelry maker Bialogis Inc., signed a KRW 10.6 billion investment contract on Dec. 31, 2019 for a new production line in the third general industrial cluster, located near the city of Iksan, North Joella Province. Once the construction is over, the headquarters, currently settled inside Seoul city, along with its factories in Gyeonggi Province are scheduled to move into the new spot.

The investment was made, reportedly, in an effort to secure multiple-access to production infrastructure.

The procedure starts from the first half of the year 2020 and is expected to come to an end till the end of 2021. Upon its full operation, the new facility is likely to create over a hundred job positions to be filled.

The city mayor said “Iksan city will spare no effort to give all forms of administrative and financial support to Bialogis Inc., so that they can be readily stable and thrive.”

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Source: Yonhap News (Dec. 31, 2019)