Jeonnam Province Signs 717 Billion Won Investment Agreement with Six Local Companies

271 New Jobs Expected in Suncheon, Naju, Boseong, Jangheung, and Hampyeong

SeAH Steel Factory View. Provided by Jeonnam Province

Jeonnam Province announced on the 11th that it has signed written investment agreements worth 717 billion KRW with six companies: SeAH Steel Corporation, Jeongdaun Co., Ltd., Private Boseong Co., Ltd., GF Pharm Honam Co., Ltd., Jiwon Food Co., Ltd., and Lex Innovation Co., Ltd.

It is expected that 271 new jobs will be created in Suncheon, Naju, Boseong, Jangheung, Hampyeong, and other areas.

According to the agreement, SeAH Steel will invest 28.7 billion KRW to expand its factory in Yulchon Industrial Complex No. 1, where it will manufacture offshore wind power tower structures.

Jeongdaun will invest 30 billion KRW in Naju General Industrial Complex to operate a factory producing compound feed using animal by-products supplied from its affiliate's processing plant.

Private Boseong will invest 604.5 billion KRW in Boseong to build a residential complex town based on the natural and marine environment, providing leisure living. This is expected to greatly contribute to revitalizing local tourism and regional development.

In the food industry sector, GF Pharm Honam will invest 10.2 billion KRW in Jangheung Bio Food Industrial Complex to establish a new factory for manufacturing rice-based processed foods. Jiwon Food will invest 25 billion KRW in Donghampyeong General Industrial Complex to build a factory producing seasoned laver, gim bugak, and snack laver.

Lex Innovation, a knowledge information and culture company, plans to invest 18.6 billion KRW in Naju Innovation City, creating 21 new jobs.

Meanwhile, Jeonnam Province attracted investments totaling 4.8066 trillion KRW from 37 companies through 13 face-to-face and written agreements in 2024.

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