Gyeongnam Investment Attraction Roadshow Held... Investment Agreement Signed for 2.3337 Trillion KRW

Creation of 2,055 New Jobs by 15 Companies

The first investment attraction roadshow in the Yeongnam region targeting potential investment companies south of the Seoul metropolitan area was held on the 30th at the Grant Moment Youth Hostel in Busan.

According to Gyeongnam Province, the '2023 Gyeongsangnam-do Investment Attraction Roadshow' was organized to maximize the activation of investment attraction, a core task of the 8th elected provincial government.

The scope was expanded from the previous format targeting companies located in the Seoul metropolitan area to more aggressively attract corporate investments.

At the 2023 Gyeongsangnam-do Investment Attraction Roadshow, Governor Park Wan-su (center front row) and company representatives are holding the agreement documents and posing for a commemorative photo.
[Photo by Gyeongnam Provincial Government]

At the event attended by Governor Park Wan-su, CEOs of companies in the Yeongnam region, and about 150 others, activities included ▲networking with potential investment companies ▲introduction of investment environment and support systems ▲presentations ▲customized consultations.

Investment agreements were signed with 15 companies for the economic leap and job creation in Gyeongnam, resulting in investment attraction worth 2.2337 trillion KRW and the creation of 2,055 new jobs.

Among them, Hanul HCDC confirmed an investment of 1.25 trillion KRW to build a data center in the Hamyang-gun area and to employ 515 new personnel.

Korea Gyeongnam Solar Power invested 100 billion KRW and plans to hire 100 employees to produce multilayer ceramic capacitors, components that control the flow of current in electronic circuits, at the Sacheon 1st General Industrial Complex.

AR Aluminum will invest 63.3 billion KRW and hire 52 new employees to manufacture aluminum electric vehicle battery packs in the Sacheon Foreign Investment Zone.

GIV Motors plans to invest 42.7 billion KRW and create 43 jobs by establishing smart production facilities in the Miryang Nano National Industrial Complex to meet the increasing demand for electric vehicles.

Naigai Busan Logistics Center will invest 26 billion KRW and hire 100 new employees to secure a regional base by building a logistics center in the Ungdong Back Area of Jinhae-gu, Changwon.

The Redwood Group, composed of logistics complex development companies based in Seoul, confirmed an investment of 180 billion KRW and 200 new jobs in the Gimhae area through the establishment of a smart logistics center.

Haehoon confirmed an investment of 230 billion KRW and 300 new jobs to build a 402-room tourist hotel in the Changseon-myeon area of Namhae, and also signed an agreement with Hotel Shilla for hotel operation.

DI System, a heat exchanger manufacturer, promised an investment of 32.1 billion KRW and employment of 20 people, while Romansys committed to investing 82.5 billion KRW and hiring 60 new employees in the Changwon Industrial Complex.

Stem, a core aircraft parts company, plans to invest 15 billion KRW and hire 40 employees in the Jinju Root General Industrial Complex, and S&K Aviation aims to invest 3.6 billion KRW and employ 85 new staff in the Sacheon 1st General Industrial Complex.

Unitech Industry will invest 8 billion KRW and hire 15 people in the Miryang Nano National Industrial Complex, and Nalko Korea will invest 47 billion KRW and recruit 31 new employees in the Yangsan Eogok General Industrial Complex.

Shindaeyang Packaging, which manufactures eco-friendly corrugated cardboard, will invest 73.5 billion KRW and employ 94 people in the Chilwon-eup area of Haman, while K-Tech, a firearm parts manufacturer, confirmed an investment of 80 billion KRW and 400 new employees in the Jeongchon-myeon area of Jinju.

Park Wan-su, Governor of Gyeongsangnam-do, is pledging efforts for the economic development of Gyeongsangnam-do and attracting domestic and foreign companies at the 2023 Gyeongsangnam-do Investment Attraction Roadshow.
[Photo by Gyeongsangnam-do Provincial Government]

Gyeongnam Province plans to focus on new industries such as data centers, electric vehicles, and smart logistics, which are attracting attention as future growth engines, as well as aerospace and defense industries for the advancement of existing core industries through each investment agreement.

Along with this, it is expected to invigorate the Gyeongnam economy through Namhae tourism and regional infrastructure expansion.

A provincial official said, “We will continue to strive to secure the province’s future growth engines through strategic investment attraction activities utilizing strengthened investment support systems, active response to corporate difficulties, and designation of opportunity development zones.”

Governor Park said, “Corporate investment and attraction are the most important fundamentals for the regional economy, and many local governments are putting great passion into this,” adding, “Gyeongnam Province will do its best to ensure that investments by businesspeople lead to success and to attract not only domestic but also foreign companies.”

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