JEOLLABUK-DO < invest Korea

According to Yonhap News,

Buan-gun in North Jeolla Province announced the signing of an MOU on Mar 4 with two investors- Gang Dong-O Cake and SCheomdan Materials. The bakery unveiled its KRW 10 billion worth of investment plan to build a new production plant, particularly using locally sourced ingredients to bake bread.

SCheomdan Materials, a compressed hydrogen tank manufacturer, also announced the spending of KRW 3.7 billion on a new factory, which will be located near Buan Agro-Industry Cluster. The investments are anticipated to add 25 new jobs, an official said.

The town leader of Buan-gun said “We’ll spare no effort to provide all forms of financial and administrative support to help the new investors well settle into the community.”

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Source: Yonhap News (Mar 4, 2021)