Namwon City Signs Investment Agreement Worth 6.3 Billion KRW with Replus Korea Co., Ltd.

[Namwon=Asia Economy Honam Reporting Headquarters Reporter Jeong Young-kwon] Namwon City, Jeonbuk (Mayor Lee Hwan-joo) announced on the 13th that it signed an investment agreement with Replus Korea Co., Ltd. (CEO Kim Kang-min) for the Namwon General Industrial Complex.

This investment agreement was conducted non-face-to-face due to the 4th wave of the COVID-19 pandemic.

The promising company Replus Korea Co., Ltd. confirmed an investment of 7,635㎡ within the Namwon General Industrial Complex and will invest a total of 6.3 billion KRW to create 31 new jobs.

Replus Korea Co., Ltd. plans to produce ferro-titanium based on its high technological capabilities.

Ferro-titanium is a material made by melting titanium and iron together, serving as an important raw material necessary for the production of special stainless steel, and is widely used in aerospace, marine, power and chemical plants, among others.

Mayor Lee Hwan-joo said, “We thank the company for making a bold investment decision despite the economic recession caused by the prolonged COVID-19 pandemic,” and added, “We will do our best to attract more companies to invest.”

Meanwhile, the city plans to actively promote investment attraction centered on companies currently in negotiations to facilitate early sale of the remaining sites.

Namwon=Asia Economy Honam Reporting Headquarters Reporter Jeong Young-kwon wjddudrnjs@asiae.co.kr

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