Chungnam Province Attracts Investment of 482.5 Billion KRW from 15 Companies in Semiconductor and Other Sectors

Fifteen companies in fields such as semiconductors will invest 482.5 billion KRW in Chungnam to establish new production facilities, expand existing ones, or relocate.

On the 11th, Chungnam Province announced that it signed an investment agreement with these companies at the Chungnam Provincial Office.

According to the agreement, the companies will set up production facilities on a 384,704㎡ site in eight industrial complexes across eight cities and counties in Chungnam.

Kim Tae-heum, Governor of Chungnam Province (seventh from the left), is taking a commemorative photo after signing investment agreements with 15 companies at the Chungnam Provincial Office on the 11th. Photo by Chungnam Province

The list of investing companies includes ▲Jeongsu ENC (semiconductor equipment company, Cheonan, 24.7 billion KRW) ▲Polywood (synthetic wood deck company, Cheonan, 8.6 billion KRW) ▲KDF (PVC flooring company, Boryeong, 32.2 billion KRW) ▲Korea Everstone (ice cream and frozen dessert company, Asan, 110 billion KRW) ▲Daeyoung ENC (pipe manufacturing and welding company, Asan, 20 billion KRW) ▲Dongbo Tech (electric vehicle battery cooling plate company, Asan, 15 billion KRW) ▲KNJ (semiconductor manufacturing material parts and display manufacturing machinery company, Asan, 40 billion KRW) ▲Ink Tech (ink and electronic component materials company, Seosan, 45 billion KRW) ▲Sangwoong AFT (automotive gear company, Dangjin, 25 billion KRW) ▲Y-Com (semiconductor manufacturing material parts company, Dangjin, 35.5 billion KRW) ▲JK Advanced Materials (polypropylene and other material film company, Asan) ▲Changwoo (inorganic chemicals company, Dangjin, 15 billion KRW) ▲IB Materials (zeolite concentrator company, Seocheon, 32.9 billion KRW) ▲Company A (transformer company, Hongseong, 61 billion KRW) ▲CSIEM (secondary battery electrolyte additive company, Yesan, 5.6 billion KRW), among others.

Chungnam Province expects that once these companies begin full-scale production, there will be a production effect of 582.1 billion KRW and a value-added effect of 154.5 billion KRW.

Additionally, it anticipates 650.5 billion KRW in production induced by construction activities such as site development and equipment purchases per company, and 238.3 billion KRW in value-added effects.

Meanwhile, with this investment attraction, Chungnam Province has achieved cumulative investment attraction results of 66 companies and 10.3938 trillion KRW in scale since the launch of the 8th local government administration.

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