Jeongeup-si Signs Investment Agreement with DSE Co., Ltd. for Advanced Industrial Complex Relocation

[Asia Economy Honam Reporting Headquarters Reporter Kim Jae-gil] Jeongeup City, Jeonbuk Province announced on the 6th that it signed a business agreement with DS Co., Ltd. (CEO Lee Jeong-ah), a core parts manufacturer of home appliances, which decided to invest 9.3 billion KRW in the Advanced Industrial Complex.

The agreement ceremony was attended by Mayor Yoo Jin-seop, CEO Lee Jeong-ah of DS Co., Ltd., and other company officials.

According to the agreement, DS Co., Ltd. plans to invest from March next year to expand its factory and install equipment facilities on a 17,349㎡ (5,248 pyeong) site within the Advanced Industrial Complex.

They also pledged to make every effort to fulfill the investment and revitalize the local economy, including hiring 55 new employees necessary for factory operation.

To this end, the city will actively cooperate with all administrative requirements such as providing investment subsidies and processing permits.

DS Co., Ltd., newly settling in Jeongeup this time, is a company that produces major plastic parts necessary for manufacturing home appliances such as washing machines and refrigerators.

Mayor Yoo Jin-seop said, “I thank DS Co., Ltd. for trusting Jeongeup City and deciding to invest during these difficult times due to COVID-19,” and added, “We will spare no administrative and financial support to help DS Co., Ltd. grow into a representative company of Jeongeup.”

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