Gyeonggi Economic Agency Attracts 51 Billion KRW Investment from 3 Companies in Pyeongtaek Poseung District

The Gyeonggi Free Economic Zone Authority held an investment agreement ceremony at the Pyeongtaek Poseung District on the 5th.

The Gyeonggi Free Economic Zone Authority has succeeded in attracting corporate investments worth 51 billion KRW to the Pyeongtaek Poseung (BIX) district.

On the 5th, the Gyeonggi Free Economic Zone Authority announced that it signed investment agreements with HDL Co., Ltd., Yuwon Co., Ltd., Korea Chemical Co., Ltd., and Pyeongtaek City at the 8th-floor conference room of its headquarters for the industrial facility land occupancy in the Pyeongtaek Poseung (BIX) district.

The Gyeonggi Free Economic Zone Authority and Pyeongtaek City promised support to resolve various difficulties arising from obtaining necessary permits and approvals for companies to build factories and until the completion of production facilities. The companies agreed to revitalize the local economy through the establishment of manufacturing facilities and to operate and manage environmentally friendly facilities.

Investment company HDL Co., Ltd. plans to invest in automobile parts manufacturing facilities, Yuwon Co., Ltd. in parts and special materials production factories for the industrial sector, and Korea Chemical Co., Ltd. in environmentally friendly paint raw material manufacturing facilities.

Shin Nang-hyun, head of the Gyeonggi Free Economic Zone Authority, said, "Despite ongoing economic uncertainties, many companies have recently moved into the Poseung (BIX) district. We are especially grateful to the three companies that decided to invest this time, and we will spare no support to ensure that resident companies grow together and that a core industrial cluster can be established."

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