Investment of 65.1 Billion KRW Jackpot Hit... Yeongcheon City Signs New Investment MOU with Two Companies

Gogyeong General Industrial Complex, 380 New Jobs Expected

On the 17th, Yeongcheon City in Gyeongbuk signed a memorandum of understanding for investment with DCT and YM Propol to move into the Yeongcheon Gokyeong General Industrial Complex.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Yeongcheon City, Gyeongbuk Province, signed a memorandum of understanding (MOU) for investment with two companies, DCT and YM Propol, on the 17th to move into the Yeongcheon Gokyeong General Industrial Complex.

DCT, which signed the investment attraction MOU on this day, is a company located in Chilgok-gun that develops and produces nano-phosphors, a core material for displays.

Through this investment, it is expected to expand production facilities worth approximately 33 billion KRW and create about 320 new jobs.

The other company, YM Propol, is a flame retardant manufacturer located in Yeongdong-gun, Chungbuk Province, and has entered Yeongcheon to expand sales channels in the Yeongnam region and reduce logistics costs.

They plan to additionally establish a new product production line, investing 32.1 billion KRW and hiring 60 new employees.

Recently, as the city has been actively promoting the development of industrial complexes, with the timing of industrial land supply approaching, related departments are striving to create the optimal investment environment, starting with the two companies’ preparations to move into the Yeongcheon Gokyeong General Industrial Complex.

In particular, Yeongcheon City’s excellent transportation conditions and proactive corporate support policies played a decisive role in attracting new investments from the two companies.

Choi Ki-moon, mayor of Yeongcheon City, said, “Yeongcheon City will do its best to support companies so that their investment plans proceed smoothly and they can grow.”

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