Sejong City Attracts Investment of 598.2 Billion KRW from 13 Companies

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City has attracted investment funds totaling 598.2 billion KRW from 13 companies.

On the 29th, the city announced that Mayor Choi Min-ho of Sejong City signed a joint Memorandum of Agreement (MOA) with representatives of 13 companies in fields such as semiconductors and medical industries.

The contracted companies plan to establish production facilities on a 355,271㎡ site in the Sejong Smart Green Industrial Complex. The expected number of new jobs created through this is 2,179.

Following the recent attraction of the major corporation KT&G, the city has consecutively secured investments from high-quality companies, gaining confidence in future corporate attraction efforts. It is also expected that this will lay the foundation for Sejong to develop into a future strategic city with self-sustaining functions based on corporate attraction.

The city plans to support smooth investment implementation by assisting with permits and approvals for resident companies while accelerating the development of infrastructure in the industrial complex.

Mayor Choi Min-ho of Sejong City stated, “The city will continue to promote corporate-centered economic policies and actively support corporate activities. We will do our best to help newly established companies in Sejong settle quickly by expanding infrastructure and improving regulations.”

Meanwhile, the Smart Green Industrial Complex will be developed on an 840,000㎡ site in the Godung-ri area of Sojeong-myeon, with occupancy expected to begin in the second half of next year.

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