JEOLLABUK-DO < invest Korea

According to Yonhap News,

Isaac Mobility Co., a special carmaker, and Lala Classic Mobility, a small recreational carmaker, signed Investment MOU at Saemangeum to build factories at the Saemangeum Industrial Complex located in Gunsan, North Jeolla.

Issac Mobility plans to invest KRW 18 billion in building a factory on the area of 40,000 sq. meters in the Saemangeum Industrial Complex, which will produce camping cars and electric scooters.

Lala Classic Mobility plans to invest KRW 10 billion in building production facilities on the area of 33,000 sq. meters, which will produce small recreational cars and electric sport cars.

When these factories get up and running, they are expected to create 160 jobs.

Kang Imjune, Mayor of Gunsan, promised active support saying, "With continued investment from vehicle-related companies with technological capabilities, Saemangeum has been advancing as an outpost of future cars."

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Source:Yonhap News (May 27, 2021)