PRESS RELEASE

[Press release] “Manufacturing industry leader” investment attraction exceeded 100 trillion won (news report)

By 2021년 November 17일November 22nd, 2021No Comments

Published date: November 17th, 2021

MBC Chungcheongbuk-do | Reporter: Shin Byeong Kwan

“Leaders in the manufacturing industry”. Investment attraction exceeded 100 trillion won.


Chungcheongbuk-do announced that it has surpassed 100 trillion won in investment attraction during Lee Si-jong’s tenure. Manufacturing-oriented industrial structures such as semiconductors, secondary batteries, and bio are being strengthened. The supply of manpower and the creation of settlement conditions still remain homework. Reporter is Shin Byeong Kwan.

Chungcheongbuk-do Business Day event,

An agreement ceremony was also held with the three companies that decided to invest in Chungbuk.

Hanwha Solution and Powermaster Semiconductor have decided to expand their production lines, while BioPlus, which has its headquarters and factories in Seongnam, has decided to build a new virus treatment plant in Eumseong and relocate its existing plant.

CEO Jeong Hyunkyu/BioPlus Co., Ltd.
The production facilities and sites are too narrow to help expand and relocate, and the tax transfer benefits are a little helpful and I’ve been aiming for various effects.

Chungcheongbuk-do announced that it has surpassed 100 trillion won in investment attraction during Lee Si-jong’s tenure.

The investment of large companies such as SK Hynix, LG Energy Solution, and Hanwha Q Cells in Chungbuk was a great help, and companies in the metropolitan area moved one after another.

Attracting rare earth production companies in Australia was also cited as a major achievement.

Governor Lee Si-jong said it was the result of operating a corporate attraction system as well as administrative and financial support, residing an investment attraction team in Seoul, and publicly attracting investment.

Chungbuk, which lacks absolute resources, has been putting all its energy into attracting investment with the idea that attracting investment is the only way to revive the economy.

Due to the large-scale investment attraction, the manufacturing industry ratio in Chungbuk increased from 41% in 2010 to 49.5% in 2019.

It is far above the national average of 28.7%.

The manufacturing-oriented industrial structure has become the foundation for North Chungcheong Province to do better than other regions in employment, even in the COVID-19 situation.

However, Chungcheongbuk-do added that supplying manpower and creating settlement conditions for companies still remain homework.

It’s over 100 trillion won to attract investment.

Chungcheongbuk-do is growing as one of the main pillars responsible for the Korean manufacturing industry. This is MBC News’s reporter Shin Byeong Kwan. (Video by Lee Byung Hak)

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