Miryang City Signs Investment Agreements with 3 Companies ... Total of 10.7 Billion KRW, 54 Jobs Created

Miryang City, Gyeongnam, signed an investment agreement worth a total of 10.7 billion KRW with Min Art S-Win Power Co., Ltd., SAT Co., Ltd., and MSM Global.
[Image source=Miryang City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] On the 14th, Miryang City in Gyeongnam announced that it signed an investment agreement worth 10.7 billion KRW with three companies: Minart S-Win Power Co., Ltd., SAT Co., Ltd., and MSM Global.

Minart S-Win Power plans to invest 3.5 billion KRW on a site of 3,818㎡ and employ 10 staff members. SAT will invest 4.2 billion KRW on a 4,500㎡ site and hire 20 employees. MSM Global plans to invest 3 billion KRW on a 4,800㎡ site and employ 24 workers.

According to the city, investments from strong small and medium-sized enterprises with excellent technological capabilities are continuously flowing into the Miryang Nano Convergence National Industrial Complex, which is being developed as a specialized industrial complex for nanotechnology, a core technology of the 4th Industrial Revolution.

Mayor Park Il-ho said, “We thank the company officials who decided to invest, trusting our city’s future vision,” and added, “We will develop the Miryang Nano Convergence National Industrial Complex into a Korean nano-industry platform where nanotechnology SMEs and young entrepreneurs can freely realize their dreams.”

Meanwhile, the Nano Convergence National Industrial Complex is planned to be developed as a high-quality industrial complex with 378 public housing units, a national sports center (including a swimming pool), a library, a performance hall, and other cultural facilities, aiming to be a youth-friendly specialized industrial complex.