Choi Sam-ryong, Commissioner of Daegu-Gyeongbuk Free Economic Zone Authority; Ha Dae-sung, Deputy Governor for Economy of Gyeongbuk Province; Do Gi-sik, CEO of Nanum Pharmaceutical; Kwon Soon-chul, CEO of SC Innovation; and Choi Ki-moon, Mayor of Yeongcheon (from left), are posing for a commemorative photo after signing a memorandum of understanding for investment.
[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] On the 17th, Yeongcheon City signed a multilateral investment memorandum of understanding for industrial complex occupancy with Gyeongbuk Province, Daegu-Gyeongbuk Free Economic Zone Authority, Nanum Pharmaceutical Co., Ltd., and Singapore SC Innovation. With this, Yeongcheon Industrial Complex was 100% leased out for the first time in 7 years.
Considering the demand for herbal medicine processed foods and health supplements in the aging era, Nanum Pharmaceutical plans to build a pharmaceutical herbal medicine manufacturing facility on a 11,147㎡ site in the Yeongcheon Industrial Complex of the Free Economic Zone by receiving an investment of 15 billion KRW from Singapore SC Innovation and employ 40 new personnel.
Founded in 2004, Yeongcheon native company Nanum Pharmaceutical produces eco-friendly organic domestic herbal medicines with the highest level of herbal medicine processing technology in Korea and supplies them to Korean medicine clinics nationwide.
With the signing of the investment memorandum of understanding on this day, 10 foreign-invested companies have moved into 10 sites in the Yeongcheon Industrial Complex Free Economic Zone established in 2013, and 60 companies have settled in general industrial sites.
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