Gimcheon-si, 'Taedong Tech' Invests 10 Billion KRW in Auto Parts Production Plant MOU ... First Achievement of the New Year
[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] On the 14th, Gimcheon City signed a Memorandum of Understanding (MOU) for the establishment of an automobile parts manufacturing plant at the city hall, attended by Mayor Kim Chung-seop, City Council Chairman Lee Woo-cheong, and Taedong Tech Co., Ltd. CEO Jung Hyun-woo.
The agreement includes investing a total of 10 billion KRW to build an automobile parts manufacturing plant on a 25,192㎡ (7,600 pyeong) site in the Gimcheon 1st General Industrial Complex (Phase 3), creating at least 40 new jobs.
Taedong Tech Co., Ltd., headquartered in Chilgok-gun, is a company specializing in injection molding and painting of automobile interior materials. To respond to the increasingly premium automobile market trends, it is strengthening its business competitiveness by establishing a smart production plant.
In particular, through this new investment, the company plans to meet consumer demands and achieve customer satisfaction by applying high-glossy painting technology to panels such as audio and navigation, which are automobile interior parts, thereby laying the foundation for stable profit generation.
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Mayor Kim Chung-seop of Gimcheon said, "I am grateful to Taedong Tech Co., Ltd. for announcing the first investment news of the new year of the Year of the Ox," and added, "We will continue to strive to create a business-friendly investment environment so that continuous investments can be made and many quality jobs can be created in the new year."
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