Changwon Special City Signs 43.2 Billion KRW Investment Agreement with EM Korea

Expansion Investment in Defense and Aerospace Core Component Production Facilities

Promoting 40 New Jobs

On the 5th, Changwon Special City in Gyeongnam signed an investment agreement for the expansion of EM Korea's defense and aerospace core parts production facilities at the reception room, attended by Hong Nam-pyo, Mayor of Changwon Special City, Kang Samsu, CEO of EM Korea, and other related officials, signaling a positive outlook for revitalizing the local economy.

According to the agreement, EM Korea will invest 43.2 billion KRW by next year to expand production plants and machinery facilities on idle land within the Changwon site and will hire 40 new employees. The city promised various administrative and financial support necessary to realize the corporate investment.

Changwon Special City in Gyeongnam signed an investment agreement with EM Korea to expand production facilities for core defense and aerospace components.

This investment decision by EM Korea was made as the production line expansion became necessary due to a surge in orders for defense and aerospace parts, driven by last year's record-breaking K-defense export boom.

EM Korea is a specialized defense company that has grown through the development of key modules such as the K9 self-propelled howitzer and FA-50. Notably, last year, it became the only domestic company to obtain certification from the U.S. Federal Aviation Administration (FAA) for aircraft landing gear maintenance organizations, and plans to actively expand its business in the domestic and international aircraft landing gear maintenance and repair (MRO) sector.

Changwon City is the undisputed center of K-defense, hosting 17 nationally designated defense companies and over 2,500 defense-related enterprises. Last month, the 'Changwon Defense and Nuclear Convergence Industrial Complex' was selected as the final candidate site for a new national industrial complex, laying the foundation to prepare for the explosively increasing defense demand.

Mayor Hong said, "I hope today's investment agreement will lead to even greater investments, creating jobs and revitalizing the local economy," and added, "We will concentrate all administrative capabilities to help Changwon leap beyond being Korea's defense mecca to becoming a world-class defense city."

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