Hapcheon-gun and GLF&I Sign MOU with Hapcheon-gun Council

Signing of Business Agreement for Yellow Rivertown Development Project and Herbal Cultivation Complex Development Project

On the 21st, Hapcheon-gun and GLF&I Co., Ltd. signed a business agreement for investment attraction. (Photo by Hapcheon-gun)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] On the 22nd, Hapcheon-gun, Hapcheon County Council, and Jiwel F&I announced that they signed a business agreement to facilitate the smooth promotion of the ‘Hapcheon Yellow River Town Development Project’ and the ‘Hapcheon Medicinal Herb Cultivation Complex Development Project’ at a small conference room on the 2nd floor of the county office, attended by about 10 people including the county governor, the council chairman, the representative of Jiwel F&I, and related officials.

This agreement centers on the ‘Hapcheon Yellow River Town Development Project,’ which involves creating a residential complex and medicinal herb research facilities on approximately 150,000 pyeong in Seongsan-ri, Yongju-myeon, Hapcheon-gun, and the ‘Hapcheon Medicinal Herb Cultivation Complex Development Project,’ which involves constructing a medicinal herb cultivation complex and theme experience center on about 380,000 pyeong in Oetori, Samga-myeon, Hapcheon-gun.

The county government pledged to provide maximum administrative support in processing various permits and approvals to ensure the smooth progress of the related projects and to fully perform the role of mediator in case of civil complaints.

Additionally, Jiwel F&I agreed to successfully promote the two projects, contributing not only to job creation within the region but also to enhancing the agricultural competitiveness of Hapcheon-gun as part of their mutual cooperation plan.

The Hapcheon county governor stated, “This will greatly contribute to increasing the local population as well as job creation,” and added, “The Yellow River Town Development Project is a result of various projects implemented to expand the future investment base, a key motto of the 7th local government administration. As private investment is made on pre-secured land, it is absolutely necessary to create conditions to attract investment through various attempts such as land acquisition and deregulation to bring in external resources.”

The representative of Jiwel F&I expressed gratitude for Hapcheon-gun’s generous support and said, “We will promptly promote this project and contribute to the regional development of Hapcheon-gun.”

This content was produced with the assistance of AI translation services.