Daejeon City Signs 132.8 Billion KRW Investment MOU with Seven Promising Domestic Companies

Creation of Over 280 Jobs
Since the Launch of the 8th Administration...
107 Promising Companies Invest 2.7474 Trillion KRW and Create About 5,000 Jobs

Photo by Daejeon City

On December 8, Daejeon City signed a memorandum of understanding (MOU) with seven promising domestic companies in the main conference room at City Hall, securing investments worth 132.8 billion KRW and the creation of approximately 280 jobs.

During the event, Daejeon City pledged comprehensive administrative and financial support to ensure the stable settlement and growth of the companies.

Including this round of investment attraction, since the launch of the 8th popularly elected administration, Daejeon City has achieved a total of 2.7474 trillion KRW in investments and the creation of about 5,000 jobs from 107 promising domestic and international companies.

The signing ceremony was attended by Daejeon Mayor Lee Jangwoo; Jeong Hoyoung, Secretary General of the Daejeon Chamber of Commerce and Industry; Park Haeil, CEO of DNT Co., Ltd.; Kim Youngik, CEO of AM System Co., Ltd.; Kwon Younggwan, CEO of Insera Solution Co., Ltd.; Son Dongcheol, CEO of Insopack Co., Ltd.; Park Jaeseong, CEO of Joeun VNC Co., Ltd.; Ahn Gwangho, CEO of TK ENS Co., Ltd.; and Cho Hosoon, Vice President of Firstec Co., Ltd.

Photo by Daejeon City

In the first district of Daedeok Innopolis, DNT Co., Ltd. (CEO Park Haeil), a manufacturer of medical displays and equipment with advanced video solutions as its core competency, and Insopack Co., Ltd. (CEO Son Dongcheol), a defense company specializing in tactical military radio communications relocating its headquarters to expand production capacity and strengthen export capabilities, will make investments.

In the International Science Business Belt, where some research land will be converted to industrial use and offered for sale, TK ENS Co., Ltd. (CEO Ahn Gwangho), a manufacturer of eco-friendly, high-performance desiccants used in automotive lamps and secondary batteries, and Insera Solution Co., Ltd. (CEO Kwon Younggwan), which produces FSM (Fast Steering Mirror), a key device for implementing space optical communication based on low Earth orbit satellites, will invest.

In the Daedeok Research and Development Special Zone (Taprip and Jeonmin districts), AM System Co., Ltd. (CEO Kim Youngik), a company specializing in aircraft engineering and the development and manufacturing of mission-type unmanned aerial vehicles, will invest in establishing mass production facilities for drones.

Additionally, in the Ansan Defense Advanced Industrial Complex, Firstec Co., Ltd. (CEO Son Kyungseok), a defense company specializing in various fields such as ground, maritime, aerial, and guided weapons, will invest to establish a strategic base for drone manufacturing, which will be a core driver of future growth.

In the Daejeon Industrial Complex (urban regeneration revitalization zone), Joeun VNC Co., Ltd. (CEO Park Jaeseong), which supplies swing plates for screen golf based on hydraulic cylinder technology, has decided to invest in entering new businesses such as screen tennis.

Daejeon Mayor Lee Jangwoo stated, "This round of investment attraction is an important milestone in further strengthening Daejeon's competitiveness in future industries," adding, "We will continue to do our utmost to attract active investment and foster an innovative ecosystem so that our efforts to create a business-friendly city will lead to tangible results."

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