Nonsan City Attracts 550 Billion KRW Investment in 8th Elected Term... Rapid Administration for Permits and Approvals View original image

On the 2nd, Nonsan City in Chungnam announced that it has attracted a total of 550 billion KRW from companies and institutions during the 8th term of the elected mayor.


The city emphasized the ease of business expansion due to its large land area, favorable logistics conditions thanks to its proximity to Daejeon and Sejong, and smooth talent supply.


Additionally, as a representative city of the defense industry, it attracted defense companies such as kind and Poongsan FNS, as well as the public institution Defense Future Technology Research Center.


In particular, citing a case where permits were issued within 36 days, the city promises swift administration targeting companies located in the overcrowded metropolitan area or nearby large cities, focusing administrative efforts on attraction.


Recently, President Yoon stated at a public discussion on livelihood, "We will develop Nonsan as a defense industry specialized cluster," and "We will firmly support Chungnam's defense industry."



The city is also promoting the expansion of existing industrial complexes and the creation of a new industrial complex covering 1 million pyeong.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing