"Boosting the Local Economy" ... Changwon Special City Signs 52 Billion KRW Investment Agreement with Samhyeon

Expansion of Facilities and Equipment Investment in Changwon National Industrial Complex

Changwon Special City in Gyeongnam signed an investment agreement with Samhyun on the 29th at the city hall reception room, involving an investment amount of 52 billion KRW and the creation of 50 new jobs.

The signing ceremony was attended by Hong Nam-pyo, Mayor of Changwon Special City, Hwang Sung-ho, CEO of Samhyun, and four other officials. Both parties agreed to make joint efforts for regional economic revitalization and job creation through close cooperation.

Changwon Special City Signs 52 Billion Won Investment Agreement with Samhyun Co., Ltd.

Samhyun is a company specializing in motion control. Due to an increase in orders for its core product, the electrification module, the company decided to expand its factory on a site in Palyong-dong adjacent to its existing facility.

Founded in 1988 in the Changwon National Industrial Complex, this company manufactures core automotive parts. Its main products include key drive system components used in eco-friendly vehicles, smart defense, robots, electric ships, and urban air mobility (UAM).

Notably, Samhyun is the first company domestically and internationally to possess a 3-in-1 integrated solution technology that combines a motor, controller, and reducer. The company is actively leading the motion control system industry by mass-producing and exclusively supplying electrification modules for eco-friendly vehicles.

CEO Hwang stated, "We decided on this investment considering Changwon City's and Gyeongnam Province's active investment attraction efforts, corporate support, and competitive industrial infrastructure. As a local company rooted in Changwon for 36 years, we will continue to grow as a leading company in the motion control industry based on our accumulated technology."

Mayor Hong said, "We appreciate the large-scale investment decision by Samhyun, a company leading the future e-mobility market. Based on this investment, we will spare no administrative support so that Samhyun can further grow into a technology-driven global company."

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