Busan City Attracts Investment from DN Solutions for 'Global Unit Advanced Manufacturing Center'

DN Solutions, Korea's No.1 and World's No.3 Machine Tool, Contract Signed at City Hall on 26th at 11:10 AM

Attended by Mayor Park Hyung-jun, DN Group Chairman Kim Sang-heon, and DN Solutions CEO Kim Won-jong

Busan City, which has embarked on strategic investment attraction activities aiming to achieve 6 trillion KRW in investment attraction this year, is taking another step forward as a global hub city by consecutively attracting large-scale investments from major companies following the attraction of a data center company on the 6th.

On the 26th at 11:10 a.m., the city will sign a memorandum of understanding (MOU) for the establishment of the ‘Global Unit Advanced Manufacturing Center’ with ‘DN Solutions’ (formerly Doosan Machine Tools), a global machine tool manufacturing company, at the city hall video conference room.

The signing ceremony will be attended by Mayor Park Hyung-jun, DN Group Chairman Kim Sang-heon, DN Solutions CEO Kim Won-jong, and Busan-Jinhae Free Economic Zone Authority Director Kim Ki-young, who will directly sign the MOU.

Machine tools, known as “mother machines” that make other machines, are essential for precision processing in basic industrial fields such as automobile parts, aerospace parts, mold processing, and semiconductor and IT components.

DN Solutions is a core affiliate of DN Group and is known as the No. 1 machine tool manufacturer in Korea and the 3rd largest in the world, with outstanding research and development (R&D) capabilities and the largest scale in the country.

Since the factory was completed in 1976, it has contributed to the development of Korea’s machine tool industry for nearly 50 years. In 2022, it changed its name from Doosan Machine Tools to DN Solutions and is accelerating its leap to become a ‘global manufacturing innovation company’ through business diversification and the creation of new growth engines.

Upon signing this MOU, DN Solutions will build the ‘Global Unit Advanced Manufacturing Center,’ a state-of-the-art production base specializing in manufacturing high-precision core parts of machine tools, in Busan by 2025.

The center will be constructed on approximately 10,000 pyeong of land within the International Industrial Logistics City in Gangseo-gu, Busan, with an investment of 107.6 billion KRW, and plans to newly employ about 300 personnel across various fields including R&D, production, and management support.

DN Solutions explained that it decided on this investment considering the abundant professional workforce graduating annually from 22 local universities in Busan, including national universities such as Busan National University, Pukyong National University, and Korea Maritime and Ocean University, as well as the excellent location advantages of the International Industrial Logistics City.

The city explained that continuous monitoring of corporate investment trends, visiting the headquarters (Changwon, Gyeongnam) to explain investment plans, and efforts such as proposing customized locations actively encouraged the entry of new businesses into the city, which was instrumental in achieving this result.

With the establishment of the ‘Global Unit Advanced Manufacturing Center,’ DN Solutions will secure the highest competitiveness in quality and price by producing high-precision core units and parts through state-of-the-art production lines, creating a service environment that better meets customer needs and providing more closely aligned customer value.

Additionally, the strengthening of cooperative networks within the region is expected to further enhance the competitiveness of local Busan companies.

Kim Won-jong, CEO of DN Solutions, said, “We are very pleased to establish the new business ‘Global Unit Advanced Manufacturing Center’ in Busan together with Busan City as part of DN Solutions’ leap to become a global top company,” adding, “We will strive for regional economic development by hiring local talent and fostering win-win cooperation with local companies.”

Mayor Park Hyung-jun said, “DN Solutions’ decision to invest in Busan is the result of Busan’s continuous efforts to create a ‘business-friendly city’ and is proof that Busan has competitiveness in future industries,” and expressed his gratitude, saying, “We appreciate that a global company like DN Solutions has decided to invest in Busan.”

He also added, “I ask DN Solutions to play a leading role so that Busan can lay the foundation to truly become a global hub city, and the city will support the related industries in every possible way.”

Busan City Hall.

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