Agreement Signed with Curly and Two Other Companies for 112.9 Billion KRW Investment and 1,546 Jobs
Gyeongsangnam-do is holding the 2021 Online Investment Attraction Briefing and signing investment agreements with three companies. [Image source=Gyeongsangnam-do]
[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] On the 28th, Gyeongsangnam-do held the '2021 Online Investment Attraction Briefing' at Changwon Convention Center.
During the briefing held via a YouTube channel, investment agreements were first signed with three companies: a company located in the metropolitan area, a foreign-invested company, and a domestic return company.
Attending the signing ceremony were Ha Byung-pil, Acting Governor of Gyeongsangnam-do, Jo Geun-je, Mayor of Haman County, Han Jeong-woo, Mayor of Changnyeong County, Park Jong-won, Deputy Governor for Economy, Heo Tae-young, Chief Logistics Officer of Kurly, Kim Dong-hee, CEO of BorgWarner Changnyeong, and Lee Seok-woo, CEO of Dijens.
Kurly, based in Seoul, is a promising company that rapidly grew from a startup to a leading online grocery shopping mall after COVID-19, and is investing in Gyeongsangnam-do to establish a logistics center in the Yeongnam region. They plan to invest 100 billion KRW and hire 1,500 new employees on a site larger than 10,000 pyeong.
BorgWarner Changnyeong, a foreign-invested company producing motors and generators for eco-friendly vehicles, also decided to invest in Gyeongsangnam-do. They plan to reinvest undistributed retained earnings to expand production facilities with 10.9 billion KRW and hire 20 new employees.
This investment is expected to solidify BorgWarner's position as a leading domestic company in eco-friendly automotive technology solutions.
Dijens, a domestic return company, mainly produces automotive exhaust systems and catalytic converters. They plan to liquidate their local subsidiary in India and expand new production facilities at the current Haman plant, investing 2 billion KRW and hiring 26 new employees.
The province expects this investment agreement to contribute to revitalizing the regional economy by fostering new growth industries and creating jobs within Gyeongsangnam-do.
Deputy Governor Park introduced Gyeongsangnam-do's differentiated investment strengths under the theme "The Heart of the Economy Running Again, Gyeongsangnam-do."
He introduced key policies such as manufacturing innovation, the Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) Megacity, and talent development, emphasizing the changing investment environment with projects like the Southern Inland High-Speed Railway and Jinhae New Port construction, while suggesting directions for investment success.
Kim In-su, head of the provincial investment attraction support team, who oversees investment attraction, easily explained various customized investment support systems and precautions when applying for subsidies from the demand side perspective, enhancing companies' understanding of investment support measures.
Gyeongnam Technopark explained infrastructure support through regional specialized centers and various support projects by major industries, and presented future development plans through Gyeongsangnam-do's new industry map including eco-friendly smart shipbuilding and eco-friendly energy.
Additionally, interviews with successful investors such as Samyang Foods, Romansys, and GMB Korea, who are currently investing in Gyeongsangnam-do, shared the investment process and solutions to difficulties encountered.
Acting Governor Ha said, "Gyeongsangnam-do is creating an investment environment through economic innovation in manufacturing and logistics," and added, "Our province will be a partner to businesspeople and do our best to support them so that there are no difficulties in management."
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