Miryang City Signs Investment Agreement (MOU) with Two Companies

Seongjin Chemical, Total Investment of 30.8 Billion KRW in Asan, 65 Jobs Created

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] On the 18th, Miryang City in Gyeongnam announced that it has signed an investment agreement worth 30.8 billion KRW with two companies, Seongjin Chemical and Asan.

According to this agreement, the city will do its best to provide administrative and financial support within the scope prescribed by law to ensure smooth investment.

Seongjin Chemical plans to invest 3.8 billion KRW on a 5,732㎡ site within the Sapoi General Industrial Complex, hiring 15 new employees to produce automotive plastic injection products. Asan will invest 27 billion KRW by 2023 on a 35,093㎡ site in Bubuk-myeon, employing 50 workers to manufacture electric vehicle parts.

Mayor Park Il-ho said, “We are grateful for the decision to invest in Miryang despite the difficult situation caused by the novel coronavirus disease (COVID-19). We expect this to revitalize the local economy and create jobs, and we will make our city a good place for businesses to operate and a city that attracts companies.”

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