Gyeongbuk Province and Cheongdo County Sign Investment MOU with Tuna Processing Company S&B International

First Investment Memorandum of Understanding in the New Year... New Factory Establishment Targeting 200 Billion KRW in Sales

Cheongdo-gun government office building.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Gyeongsangbuk-do and Cheongdo-gun will sign a memorandum of understanding for a 15 billion KRW investment with S&B International Co., Ltd., a tuna processing and export company, at 11 a.m. on the 13th in the large conference room of Cheongdo-gun Office.

Attending the signing of the memorandum of understanding are Odonghwan, CEO of S&B International Co., Ltd., Hadaeseong, Deputy Governor for Economy of Gyeongbuk Province, Lee Seung-yul, Mayor of Cheongdo-gun, provincial council members Park Kwon-hyun, Kim Ha-su, Lee Seon-hee, and Kim Su-tae, chairman of the county council.

S&B International will invest 15 billion KRW over two years by next year in Song-eup-ri, Cheongdo-eup, Cheongdo-gun, on a site area of 9,132㎡ (about 2,760 pyeong) and a building area of 2,842㎡ (about 860 pyeong), expanding facilities such as freezing facilities, processing lines, packaging lines, and loading/unloading areas for tuna dismantling and processing. Through this, 20 local residents will be employed.

With this investment, S&B International will establish an advanced hygiene management production system to secure global-level quality and price competitiveness. According to Gyeongbuk Province, the company is expected to grow into a global enterprise beyond the domestic market, aiming for sales of 200 billion KRW.

Hadaeseong, Deputy Governor for Economy of Gyeongsangbuk-do, stated, "We will build a success story when companies invest in our Gyeongsangbuk-do, actively resolve difficulties that hinder corporate investment, and take the lead in creating a business-friendly Gyeongbuk."

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