Chungnam, Cheonan, and Other Areas Attract Corporate Investments Worth 567.6 Billion KRW
[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province has attracted corporate investments worth 567.6 billion KRW in areas including Cheonan.
On the 23rd, the province announced that it signed joint investment agreements with representatives of 21 companies at the Chungnam Provincial Office. The companies participating in the agreement plan to establish new or expand existing production facilities on a 485,142㎡ site within industrial complexes in six cities and counties: Cheonan, Asan, Hongseong, Gongju, Seocheon, and Dangjin.
The companies involved in the agreement are ▲BMC ▲Gluga ▲Geonyeong B&F ▲OSP ▲Jipyeong Brewery ▲CMDL ▲URG ▲GITEC ▲Nano CMS ▲Hannae Porty ▲HIMS ▲Sungwoo Engineering ▲MS Steel ▲Kemax ▲Elim ▲Segaon ▲Jiwon Tech ▲Byeoksan ▲Damco CSI ▲DCM ▲DCO CSI.
The total number of new jobs created by these companies is 1,421. The province expects that once production is fully underway, there will be a production effect of 448.4 billion KRW and a value-added effect of 119.1 billion KRW.
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Yang Seung-jo, Governor of Chungnam Province, stated, “We will spare no support along with the six cities and counties to ensure that the companies in the agreement can establish themselves and build a foundation in Chungnam through various customized financial support policies, regulatory reforms, and infrastructure expansion.”
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