Uiryeong-gun and Cheongjeong Tech Sign Agreement to Invest 3 Billion Won in New Factory at Agricultural and Industrial Complex

"Accelerating 'Zero Idle Factories' Achievement, Mutual Agreement Signed on Corporate Investment and Support"

O Tae-wan, Governor of Uiryeong-gun, Gyeongnam, and Cho Eun-kyung, CEO of Cheongjeong Tech, are posing for a commemorative photo after signing the agreement.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Wook] Uiryeong-gun, Gyeongnam Province, is achieving concrete results in its ambitious project to eliminate nine abandoned and closed factories in local agro-industrial complexes.

On the 24th, Uiryeong-gun held a mutual cooperation agreement ceremony at the county office regarding investment and support with Cheongjeong Tech.

Cheongjeong Tech, established in 2007, is a specialized company headquartered in the 2nd Eunsan Industrial Complex in Buyeo-gun, Chungnam Province, focusing on technology development and demonstration in environmental fields such as water management, air environment, and renewable energy. It is a promising small and medium enterprise selected as an excellent government procurement product, having carried out numerous government R&D projects, and holds various certifications and 46 patents.

Cheongjeong Tech will invest 3 billion KRW in Uiryeong-gun to expand its business in four sectors, including liquid filter manufacturing. They plan to remove the abandoned factories on a 6,395.9㎡ site in Dongdong Agro-Industrial Complex and build a new factory.

CEO Jo Eun-kyung said, “Uiryeong’s geographical advantage as the center of Gyeongnam, relatively low land acquisition costs, and above all, the diverse interest and support from Uiryeong-gun were the biggest reasons for investing here.”

She added, “Starting with the investment in Uiryeong, we will enhance our responsiveness to the southern market by improving efficiency in product installation and maintenance customer service. We aim to become a leading force in the overall industrial economy of Uiryeong-gun by creating local employment and bringing new vitality.”

County Governor Oh Tae-wan said, “Despite the difficult economic conditions such as soaring raw material prices and high interest rates, we are grateful for the decision to invest in Uiryeong. We will stand by companies and seek ways to improve necessary industrial infrastructure. We will actively provide administrative support to ensure stable settlement and growth.”

As of July last year, there were nine abandoned and closed factories in the agro-industrial complexes, but as of October, this number has decreased to two. The county plans to accelerate the revitalization of agro-industrial complexes with active investment attraction activities and various project promotions aiming for ‘zero abandoned and closed factories.’

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