Daejeon City Attracts Investment of '6 Companies, 71.5 Billion KRW' in Sindong and Dungok Districts

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City has attracted investments from six domestic and international companies in the Sindong and Dungok districts of Yuseong-gu. The total investment amounts to 71.5 billion KRW, with each company planning to establish production plants and research facilities in the investment areas.

On the 29th, the city announced that it signed investment agreements with three domestic companies and three foreign-invested companies at Daejeon City Hall.

The companies involved in the agreement are ▲Miso Information Technology Co., Ltd. ▲Nanoteam Co., Ltd. ▲JO Tech Co., Ltd. ▲Korea SMC Co., Ltd. ▲DD Global Co., Ltd. ▲Glowglare Co., Ltd.

Miso Information Technology is a company with core competencies in digital healthcare, unstructured text analysis, big data and artificial intelligence analysis, and metaverse immersive content development. It plans to invest 7.5 billion KRW to relocate its research center to the Sindong district.

Nanoteam is a company that manufactures and sells heat dissipation materials such as heat dissipation pads and heat dissipation fillers. It plans to invest 9 billion KRW to relocate its factory to the Dungok district.

JO Tech supplies equipment to the research laboratory market, including biopharmaceutical production equipment and environmental reliability testing equipment. It secures competitiveness through component standardization among products and technological integration. The company plans to invest 22 billion KRW to relocate its factory and research center to the Dungok district.

Korea SMC is a pneumatic system automation specialist company established in 1995, supporting advanced technologies such as automation development in the industry, collaborative robots, and smart factory implementation. Based on the agreement, the company plans to establish a second factory in the complex-type foreign investment zone, with an investment amount of 22 million USD.

DD Global is a stainless steel manufacturing and steel plate polishing company investing 15 million USD in the complex-type foreign investment zone.

Glowglare is a specialized manufacturer of beauty and hair care devices and products, producing ergonomically designed products focused on functionality and portability. Under the agreement, the company pledged to invest 15 million USD in the foreign investment zone.

The total investment amount from the six companies under the agreement is 71.5 billion KRW, and the city expects 271 new jobs to be created.

Daejeon Mayor Lee Jang-woo stated, “The companies participating in the agreement are key driving forces that will grow alongside Daejeon as a first-class economic city.” He added, “The city will continue to strive to attract promising companies that can create quality jobs by securing 5 million pyeong of industrial land.”

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