JEOLLABUK-DO < invest Korea

According to Yonhap News,

Dongwoo Fine Chem, a company producing high-tech materials and parts and has invested in Iksan-si for more than 30 years, decided to make about KRW 300 billion additional investment.

Iksan-si signed an MOU on investment with Dongwoo Fine Chem and Jeonbuk State about investment in Iksan 3rd General Industrial Complex at City Hall on May 20.

According to the MOU, the company will invest KRW 338 billion in steps to construct production facilities related with semiconductor and display materials on the expanded site (99,000 ㎡) of Iksan 3rd General Industrial Complex.

The city expects this investment to lead to revitalization of local economy including the creation of more than 100 jobs.

Dongwoo Fine Chem has invested about KRW 700 billion since 1991 by building Sinheung plant in Iksan National Industrial Complex and Samgi plant in Iksan 3rd Industrial Complex.

If this investment goes as planned, Dongwoo Fine Chem will have invested more than KRW 1 trillion in Iksan, hiring 570 employees.

Mayor of the city said, "we welcome this large-scale investment decision by Dongwoo Fine Chem," adding that "we will bolster administrative and financial support to attract investment from excellent companies and create quality jobs".

jaya@yna.co.kr

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Source: Yonhap News (May 20, 2024)