Namwon-si, Leaping Forward as a Business-Friendly City

[Asia Economy Honam Reporting Headquarters Reporter Park Nosik] Namwon City in Jeonbuk is making strides to become a business-friendly city by focusing on creating jobs and laying the foundation for revitalizing the local economy through the long-term attraction of promising companies.

According to Namwon City on the 27th, the previously developed Noam Industrial Complex District 3 has achieved a sales rate of 96%, signing occupancy contracts and investment agreements with companies such as Seongbo F&G Co., Ltd., GL Grape Co., Ltd., and Elim Industry Co., Ltd. In addition, the 'Namwon General Industrial Complex,' being developed on a scale of 230,000 pyeong, recently completed the first section.

Moreover, excellent companies capable of dynamically revitalizing the local economy are steadily entering Namwon.

So far, the Namwon General Industrial Complex has achieved about 28% corporate investment attraction (investment agreements) based on site area and is negotiating occupancy with numerous companies.

Earlier, as a result of active corporate attraction efforts, the city signed investment agreements with three companies: CK Safety Glass Co., Ltd., which manufactures glass for display devices; Daeseung MNS Co., Ltd., which produces modular classrooms; and LFF Co., Ltd., which produces organic agricultural materials.

Furthermore, earlier this month, four companies?Asia Co., Ltd., Kyungwon Short Machine Co., Ltd., Bali Corporation Co., Ltd., and Su Engineering Co., Ltd.?decided to invest a total of 27.2 billion KRW and approximately 88,000㎡ in the Namwon General Industrial Complex and signed investment agreements with Jeollabuk-do Province and Namwon City.

According to this investment agreement, Asia Co., Ltd. is expected to invest 10.8 billion KRW and create 42 jobs; Kyungwon Short Machine Co., Ltd. will invest 7.6 billion KRW and create 41 jobs; Bali Corporation Co., Ltd. will invest 4.3 billion KRW and create 34 jobs; and Su Engineering Co., Ltd. will invest 4.5 billion KRW and create 34 jobs, resulting in a total of 151 new jobs.

A city official stated, “The Namwon General Industrial Complex is adjacent to the Gwangju-Daegu Expressway and the Suncheon-Wanju Expressway, providing advantageous access to air and sea routes such as Gwangju Airport, Gwangyang Port, and Gunsan Port, making it favorable in all directions. Additionally, the sales price (325,000 KRW per 3.3㎡, the lowest in Jeonbuk) is affordable, making it an attractive investment location for many companies.” He added, “We hope many companies will realize their business dreams in Namwon.”

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