Yangju Mayor Kang Su-hyun Signs Investment MOU with Cass Co., Ltd. for Yangju Technovalley

Yang Su-hyun, Mayor of Yangju City, is signing an investment MOU for Gyeonggi Yangju Technovalley with Cas Co., Ltd.

At a recent press conference hosted by Gyeonggi Province on the 'Proactive Promotion of the Northern Gyeonggi Grand Renovation Project,' the province announced the proactive advancement of the 'Northern Gyeonggi Grand Development Project' to activate South Korea's new growth engine. Yangju City is also making every effort to lead growth in the northern metropolitan area.

On the morning of the 24th, Kang Su-hyun, Mayor of Yangju City, signed a business agreement with Kim Tae-in, CEO of KAS Co., Ltd., at the mayor's office on the second floor of City Hall for the relocation to and mutual cooperation regarding the 'Gyeonggi Yangju Technovalley' (hereinafter referred to as Yangju Technovalley).

On that day, Mayor Kang and CEO Kim each signed the business agreement and pledged to establish a cooperative relationship for the successful development of Yangju Technovalley and institutional investment.

KAS Co., Ltd. primarily engages in the manufacturing and sales of electronic scales and load cells and holds approximately 70% of the domestic electronic scale market share, making it the number one brand in South Korea's electronic scale market.

Through this agreement, KAS Co., Ltd. will relocate to Yangju Technovalley, contributing to the revitalization of the local economy and job creation, while receiving active administrative support from the city to facilitate smooth corporate activities.

The city explained that with the relocation of KAS Co., Ltd., which possesses innovative weighing technology, it expects to simultaneously promote industrial balance and growth, as well as enhance regional industrial competitiveness through the establishment of a stable industrial base and the dissemination of advanced manufacturing technologies.

Mayor Kang Su-hyun stated, "We sincerely welcome KAS Co., Ltd., which represents the accuracy and precision of electronic scales, relocating to Yangju Technovalley," and added, "This agreement marks an important moment as our Yangju City takes center stage in advanced industries, and we will spare no administrative support necessary to further leap forward as a core city for advanced technology and industrial development."

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