Chungnam Province Attracts Corporate Investment Worth 360.9 Billion KRW

15 Companies Establish New or Expanded Factories in Industrial Complexes of 8 Cities and Counties

Chungnam Province has succeeded in attracting corporate investments totaling 360.9 billion KRW.

Governor Kim Tae-heum signed investment agreements on the 22nd at the provincial office with representatives from 15 companies, including SNS INC.

Accordingly, these 15 companies will invest 360.9 billion KRW by 2030 in eight industrial complexes across the province to promote new factory construction, expansion, relocation, and domestic return.

In Boryeong, SNS INC will invest 16.5 billion KRW to expand its factory in the Gwanchang General Industrial Complex.

In Asan, Myeongjin Tech, Doosung Steel Industry, Yuil ENG, and Hangyeol ENG will invest between 5 billion KRW and 90 billion KRW to relocate or build new and expanded factories in the Sinchang General Industrial Complex.

In Seosan, HVM and During will invest between 21.7 billion KRW and 27 billion KRW to construct new and expanded factories in the Industry Valley General Industrial Complex and Auto Valley General Industrial Complex.

In Nonsan, Y& B Food and Aluco will invest between 15 billion KRW and 40 billion KRW to establish new factories in the Ganggyeong 2 Agricultural and Industrial Complex and Gayagok 2 Agricultural and Industrial Complex.

In Buyeo, Daeo will invest 43 billion KRW; in Seocheon, Sunjin Beauty Science will invest 23 billion KRW; and in Hongseong, Tank Master will invest 23.8 billion KRW to build new and expanded factories.

In Yesan, Youngshin F&S, Sera, and TWY will invest between 3.5 billion KRW and 6.4 billion KRW to construct new and expanded factories in the Yesan General Industrial Complex and other locations.

The province expects that once these companies begin full-scale production, there will be a production effect of 510.1 billion KRW, an added value of 111.6 billion KRW, and the creation of 1,082 jobs.

Governor Kim said, "This agreement will provide good jobs for over 1,000 residents, enhance the competitiveness of key industries such as automobiles, and secure future growth engines. We will strongly support the investments with site and equipment subsidies, permits, and approvals to ensure they are worthwhile."

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