Promising Secondary Battery Companies Come to Ulsan

Ulsan City Signs Memorandum of Understanding with GPI Co., Ltd. for Investment... Confirmed Relocation to Ulju High Tech Valley

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Ulsan City and GPI Co., Ltd. signed a Memorandum of Understanding (MOU) for the establishment of a secondary battery manufacturing equipment factory at 10:30 a.m. on the 3rd in the situation room on the 7th floor of the main building of City Hall.

GPI is a secondary battery manufacturing equipment company established in Yangsan in 2011 and is a first-tier partner of LG Chem and SK Innovation.

It is a promising company with a bright outlook expected to expand overseas exports due to the surge in demand for secondary batteries following the increase in global electric vehicle sales.

According to the agreement, GPI will establish a factory in High-Tech Valley (Samnam-myeon, Ulju-gun), a hub for Ulsan City's new growth promotion project and a small but strong research and development special zone.

Ulsan City has agreed to actively cooperate in administrative support such as permits and approvals for factory establishment and financial support.

Namgung Seon, CEO of GPI, said, "We chose Ulsan High-Tech Valley because it is an ideal site for business with excellent geographical advantages such as proximity to the Gyeongbu Expressway, connection to National Road No. 35, and closeness to KTX Ulsan Station, as well as abundant industry-academia cooperation resources linked with Ulsan National Institute of Science and Technology (UNIST) and Ulsan Technopark."

Song Cheol-ho, Mayor of Ulsan, said, "The secondary battery-related business not only aligns with the city's future growth engine industry but also is expected to create synergy effects in the future if cooperation with Samsung SDI, a world-class company located in High-Tech Valley, is established."

GPI Co., Ltd. is a subsidiary of Unitron Tech Co., Ltd., a medium-sized semiconductor company, and the Ulsan factory, which is relocating and expanding this time, will have a site area of 4,654㎡ and a total floor area of 3,351㎡. Construction will begin in September and be completed in July next year, employing about 60 workers.

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