Jinju City Attracts Investment from K-Defense and Aviation Companies... Full-Scale Launch of Bugang Jinju Season 2

Cass confirms 60 billion KRW investment for relocation to Ppuri General Industrial Complex, creating 70 jobs

Jinju City, Gyeongnam, has signed a large-scale investment agreement with CAS.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam, signed a large-scale investment agreement (MOU) with CAS at the Westin Chosun in Seoul on the 25th.

This investment agreement is expected to revitalize the local economy by overcoming the recession and creating jobs through large-scale corporate investment amid consecutive economic crises such as declining economic growth rates and sluggish domestic markets.

CAS, located in Asan, Chungnam, is a promising K-defense company specializing in aerospace and defense industries. It plans to relocate its business site to the Jinju Ppuri General Industrial Complex, invest a total of 60 billion KRW, and hire 70 local residents.

Mayor Cho Gyu-il said, “Amid global recognition of K-defense weapons such as KAI's FA-50 light attack aircraft exports, it is very meaningful that a promising defense company related to this has invested in our region,” and added, “We will spare no support to ensure the success of this investment.”

Jinju City established the ‘2022 Basic Investment Attraction Plan’ in February and has been making every effort to attract companies, achieving an investment attraction result of 150 billion KRW to date.

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