JEOLLABUK-DO < invest Korea

According to Yonhap News,

Three small and mid-sized businesses, BNK, Rex Gen and Traworks, signed an MOU on Feb 22 with the city of Gimje in North Jeolla Province over the investment in their new production facilities to be located in Jipyeong Industry Cluster in the province. BNK, a bridge inspection vehicle manufacturer, pledged to invest KRW 4.5 billion in building up a new manufacturing plant on a 6,226㎡ site new the cluster.

With KRW 2.5 billion, RexGen will set up an assembly line to manufacture autonomous traffic surveillance systems on a 3,848㎡ lot. Traworks will spend KRW 1.3 billion on establishing a new factory producing traffic and signal lighting poles inside the cluster as well. The three counterparts of the city will make their investment process put an end by the end of this year to start factory operation once the construction is completed. These new facilities are predicted to add 70 new jobs.

Expressing sincere gratitude for the investment, the city mayor ensured full administrative and financial support for these investors.

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Source: Yonhap News (Feb 22, 2021)