JEOLLABUK-DO < invest Korea

Iksan city held an investment information session for a light-emitting diode (LED) industrial complex, which will be built in Iksan, with about 20 industry insiders and officials yesterday.

At the session, participant exchanged views on a development plan of LED agricultural industrial complex, incentive programs, a LED forum and industrial policies.

Iksan plans to invest KRW 35 billion to complete the LED complex by 2016. It also aims to become a capital of LED industry by building a comprehensive infrastructure, which covers production to sales of LED products, by attracting about 30 LED companies.

The LED industry is one of the three growth engines for Iksan in 2013 with advanced Iksan renaissance project and jewel industry. It is also a leader in the field of green industry.

The city signed an agreement with the LEDLIC to build Korea’s first LED industrial complex and attracted a KRW 60 billion investment from the KB Investment & Securities last November. Iksan also held an opening ceremony for a plant factory of the LED Agri-bio Fusion Technology Research Center last May.

An Iksan official noted that the investment information session is expected to draw corporate investment and facilitate the LED industry and regional economy, adding that the city will focus on promotional activities to identify potential investors.

Source Text

Source: Newsis (July 17, 2013)

** This article was translated from the Korean.