Chungnam Attracts Investment from Food Company ‘Daesang Co., Ltd.’… New Production and Logistics Facilities Established in Asan

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province has attracted a large-scale investment from the comprehensive food company Daesang Co., Ltd.

On the 28th, the province announced that it signed a Memorandum of Understanding (MOU) with Daesang. The agreement centers on Daesang investing 120 billion KRW to gradually purchase a 259,023㎡ site within the Asan Inju Industrial Complex (Section 3) starting next month, expanding existing businesses while launching new projects.

The site will feature a modernized food manufacturing base along with logistics and production automation infrastructure.

According to the agreement, Daesang will also contribute to fulfilling social responsibilities by fostering a family-friendly corporate culture and revitalizing the local economy for sustainable community development.

The province and Asan City have pledged to provide administrative and financial support to ensure the smooth progress of the company’s investment plans.

The province expects that if the investment proceeds successfully, it will generate effects such as a production value change of 1.0997 trillion KRW in Asan, a value-added change of 168.7 billion KRW, and the creation of 2,000 new jobs.

Kim Tae-heum, Governor of Chungnam Province, stated, “With the belief that the province thrives when companies thrive, we will communicate and cooperate with businesses and spare no support to ensure that their investments lead to continuous growth and success.”

Meanwhile, Daesang, established in 1956, currently operates 11 domestic production bases and 17 overseas business sites.

The company’s main products include seasonings, sauces, convenience foods, and fresh foods, with last year’s sales recorded at 3.4699 trillion KRW.

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