Mayor Jang Seyong "Expecting Industrial and Economic Rebound" ... 160 Billion KRW Investment Agreement

Gumi-si, Gyeongbuk, Signs Investment Memorandum of Understanding with Woldeks and Dongsan Development

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju-cheol In] Gumi City, Gyeongbuk Province, signed a memorandum of understanding for investment worth 160 billion KRW with two companies on the 1st.

On the same day, the city signed an investment agreement with Woldeks for 40 billion KRW in semiconductor equipment materials manufacturing and with Dongsan Development for 120 billion KRW in tourism complex development.

Woldeks is a local Gumi company established in 2000, specializing in manufacturing materials and components for semiconductors and displays.

They plan to invest 40 billion KRW in the Gumi National 5 Industrial Complex to expand facilities and hire about 70 new employees.

Dongsan Development plans to invest 120 billion KRW in the Baekhyeon-ri area of Sandong-eup, Gumi, to develop a large-scale tourism complex including hotels and resorts.

Once the investment is completed, it is expected to create about 500 jobs and become a new cultural experience and tourism facility in Gumi.

Mayor Jang Se-yong said, "I thank the representatives of Woldeks and Dongsan Development for deciding to invest despite the business environment shrinking due to COVID-19," adding, "In the first half of this year, 15 companies leased about 121,000㎡ in the Gumi National 5 Industrial Complex, raising expectations for industrial and economic resurgence."

Meanwhile, Gumi City has achieved investment attraction worth 310 billion KRW to date, including 150 billion KRW in the first half of this year.

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