Icheon Attracts First External Company: Baesung Construction to Invest 20.3 Billion Won in New Facility

Icheon City and Baesung Construction Sign Investment Support Agreement

On April 22, Icheon City (Mayor Kim Kyunghee) signed an investment business support agreement worth 20.3 billion won with Baesung Construction Co., Ltd., officially launching its support for the company's establishment of a new factory.

Icheon City (Mayor Kim Kyunghee) signed an investment business support agreement worth 20.3 billion KRW with Baesung Construction Co., Ltd. on the 22nd. Provided by Icheon City

Baesung Construction Co., Ltd. is a rebar and concrete specialist company headquartered in Seoul, which achieved sales of 99.7 billion won in 2025. The company maintains steady growth by having major construction firms such as Samsung C&T, GS Engineering & Construction, DL E&C (formerly Daelim Industrial), and SK ecoplant as clients.

This investment marks the first case of a company from outside Icheon relocating to the city to establish new production facilities, rather than expanding an existing plant. It represents a significant milestone and turning point as a tangible result of Icheon's investment attraction policy.

Baesung Construction Co., Ltd. plans to create a production base in Jangam-ri, Majang-myeon, with a site area of 29,952 square meters (9,080 pyeong) and a building area of 5,693 square meters (1,725 pyeong), including manufacturing facilities, auxiliary buildings, and dormitories. The company aims to generate approximately 70 new jobs. To attract this investment, Icheon City laid the groundwork by thoroughly reviewing various factors such as site selection, permits, and infrastructure from the early stages.

In particular, to successfully implement this first case of a new investment by an external company, Icheon City comprehensively reviewed regulations and location conditions, and facilitated the investment through tailored consultations and ongoing discussions with the company.

A company representative stated, "Icheon City offers excellent accessibility and industrial infrastructure within the Seoul metropolitan area, making it the optimal location for building a new factory. Through this investment, we will expand our production base and further strengthen our corporate competitiveness."

Mayor Kim Kyunghee commented, "Baesung Construction is the first company to make a new investment by relocating from outside Icheon, making this a highly symbolic event. We will continue our proactive investment attraction and customized administrative support to ensure that Icheon remains a city of choice for businesses."

As a result, under the 8th popularly elected administration, Icheon City has attracted investment from a total of 10 companies amounting to 984.6 billion won. The city continues to offer one-stop support, such as expediting permits, to help companies that have signed investment business support agreements settle in stably.

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