Imsil-gun Signs Investment Agreement Worth 16 Billion KRW with Three Companies

Imsil-gun, Jeonbuk is gaining momentum in attracting companies as it simultaneously attracts investment from three companies in Osu 2nd Agricultural and Industrial Complex.

On the 7th, according to the county, Kyungwon Short Machinery Co., Ltd. (CEO Han Chang-seop), Su Engineering Co., Ltd. (CEOs Han Chang-seop and Koo Yeon-hee), and S1 Tech Co., Ltd. (CEO Kim Young-hyun) signed an investment agreement with Jeollabuk-do and Imsil-gun, targeting a total investment scale of 16 billion KRW and 82 new jobs.

Imsil County signed an investment agreement worth 16 billion KRW with three companies.
[Photo by Imsil County]

At the signing ceremony, Imsil-gun was represented by County Governor Shim Min and County Council Chairman Lee Sung-jae, while Jeollabuk-do was represented by Deputy Governor for Economy Kim Jong-hoon and Jeollabuk-do Council member Park Jung-gyu, who promoted the agreement.

According to this agreement, the three companies including Kyungwon Short Machinery will establish an organic relationship in the product manufacturing process, start construction of the factory within this month, and aim to complete it by October, building a factory with an area of 14,877㎡ (4,500 pyeong) on a 24,848㎡ (7,500 pyeong) site.

They plan to manufacture and install industrial machinery and equipment, special-purpose vehicle bodies and trailers, and cranes for automobile bodies.

CEO Han Chang-seop stated, “This investment in Osu 2nd Agricultural and Industrial Complex was urgently needed to expand production facilities to handle continuous order volumes, so the factory construction started early,” adding, “We will devote ourselves to development and industrialization for timely investment and maximizing efficiency, growing into the best company that develops together with the local economy and the company.”

Jeollabuk-do Deputy Governor for Economy Kim Jong-hoon said, “Jeonbuk’s primary goal in provincial administration is to attract companies and create successful companies in Jeonbuk,” and added, “Through this agreement, companies will closely cooperate to create synergy effects, generate jobs along with corporate prosperity, and revitalize the local economy.”

Meanwhile, Osu 2nd Agricultural and Industrial Complex began construction in June 2021 and is scheduled to be completed in June this year. Starting with Nutracore Co., Ltd., the first tenant company last year, the second investment agreement has been made, and the current sales rate is 38%.

The county is making all-out efforts to attract Harim Group, a leading domestic comprehensive food company, including last month’s visit by County Governor Shim Min and National Assembly member Lee Yong-ho to Harim Group Chairman Kim Hong-guk, followed by a visit from the Harim investment consultation working group, raising expectations for future corporate investment attraction in the region.

County Governor Shim Min said, “The construction progress of the agricultural and industrial complex has exceeded 90% and is entering the final stage,” and added, “We will actively support fast administrative procedures such as permits and approvals so that factory construction can proceed according to the investment companies’ plans.”

Imsil = Asia Economy Honam Reporting Headquarters Reporter Park No-sik baekok@asiae.co.kr

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