Uiryeong-gun Signs 123 Billion KRW Investment Agreement with Jigusarang

Expansion of Production Factory in Burim General Industrial Complex

Uiryeong-gun, Gyeongnam recently signed an investment agreement worth 123 billion KRW, the largest ever, with Jigusarang at the county office.

The investment agreement signing ceremony held on the 3rd was a follow-up to the 'Corporate Investment Agreement' held at the Gyeongnam Provincial Government Office last December. The county and Jigusarang agreed on specific details to strengthen mutual investment cooperation.

Jigu Sarang signed an agreement to invest 123 billion KRW in Uiryeong-gun, Gyeongnam.
[Photo by Uiryeong-gun]

Jigusarang plans to build an R&D research center and production factory in the currently developing Burim General Industrial Complex, having completed site consultations and scheduled to begin construction this year.

Uiryeong-gun will actively provide administrative support to prevent difficulties in planning due to regulations.

Jigusarang is a company producing products using supercapacitor technology, a new technology attracting attention as the next-generation high-efficiency, high-capacity energy storage device following secondary batteries, in response to renewable energy demands.

With the belief that "Good technology saves the Earth," the streetlights made by Jigusarang operate 100% on solar power and function normally for over 10 years. Their portable phone batteries and camping power banks support ultra-fast charging, earning recognition as a technologically solid company.

Jigusarang expects sales of 50 billion KRW and the creation of about 100 jobs with an initial investment of 13 billion KRW. In 2024, they plan to establish a supercapacitor production plant worth 110 billion KRW, which will enable them to possess the world's best technology and production capacity by the second half of 2025.

CEO Kang Eui-seok said, "Uiryeong-gun and Jigusarang share the common denominator of 'eco-friendliness,'" adding, "The low land cost reduction was an important reason for choosing Uiryeong-gun, as it allows for expanded investment in facilities."

He continued, "I want to create an environment where young people in their 20s and 30s can come and work in Uiryeong, a region experiencing population decline," and added, "I want to cooperate with the local community to create a 'new turning point' for the future industrial development of Uiryeong."

County Governor Oh Tae-wan said, "There are positive signs that corporate investment centered on new industries is flocking to Uiryeong," and stated, "As the center of Gyeongnam, Uiryeong-gun will provide generous support to energize corporate activities."

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