JEOLLABUK-DO < invest Korea

According to Yonhap News,

Iksan-si, Jeollabuk-do said on March 31 that it had signed an MOU with Saeed Holdings, a foreign-invested company on investment in National Food Cluster.

Saeed Holdings, a coffee company established in 2021, plans to build a plant producing and selling coffee beans on a site of 16,000 square meters in National Food Cluster complex.

A total of KRW 60 billion will be invested in construction of the plant, which is set to commence in September this year and completed in the second half of next year.

Saeed Holdings is the second foreign-invested company to be in National Food Complex. The city expects this investment to make positive effects in inflow of foreign-invested companies going forward.

The sales rate of the National Food Cluster complex is 76 percent of the total area. About 120 companies signed the sales contract. Nine support facilities for occupant companies, including agri-food distribution centers, etc., are gathered in the cluster, conducting customized support activities from distribution-marketing-sales channels, among others.

ichong@yna.co.kr

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Source: Yonhap News (March 31, 2022)