SC Co., Ltd. and JPoly Co., Ltd. Invest in Saemangeum Industrial Complex, Jeonbuk

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] SC Co., Ltd., a Korea-China joint venture, and Korean company JPoly Co., Ltd. have decided to invest in the Saemangeum Industrial Complex.

On the 25th, Jeonbuk Province announced that it signed an investment agreement at the Gunsan Ramada Hotel with SC Co., Ltd. and JPoly Co., Ltd. regarding the Korea-China joint venture UTG (ultra-thin glass) processing and mass production advanced equipment manufacturing plant and functional composite resin advanced materials manufacturing plant.

These two companies plan to invest 46.5 billion KRW to purchase a 58,830㎡ site in the Saemangeum National Industrial Complex and build an advanced equipment manufacturing plant for UTG (ultra-thin glass) processing and mass production used in foldable electronic devices, as well as a production plant for functional composite resin advanced materials.

SC Co., Ltd. is a Korea-China joint venture foreign-invested company jointly established by Softcen, a domestic KOSDAQ-listed company, and Jiangsu Soochow Science and Technology Co., Ltd. in China. The factory is scheduled to begin construction at the end of September this year and will be completed in March next year, after which it will start full-scale production of advanced UTG processing equipment.

Additionally, JPoly Co., Ltd., a partner company of a major domestic chemical corporation, plans to start construction in October and begin producing functional composite resin advanced materials used in electrical and electronic devices and vehicle lightweighting from the third quarter of next year.

Jeonbuk Province expects this investment to bring new vitality to the Saemangeum project by promoting foreign direct investment (FDI) inflow into Korea, fostering win-win cooperation with local companies, revitalizing the regional economy through local talent recruitment, and accelerating the development of Gunsan Port and Saemangeum New Port due to increased export-import logistics.

Jeonju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

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