Daejeon City Signs Investment Agreements Worth 107.7 Billion Won with Six Promising Companies

Relocation and New Expansion Investments to Daejeon Industrial Complex and Others

At the signing ceremony on this day, Lee Jangwoo, Mayor of Daejeon, Jung Taehee, Chairman of the Daejeon Chamber of Commerce and Industry, and company representatives attended. / Daejeon City

Daejeon City signed investment agreements worth 107.7 billion KRW with six promising domestic companies at the city hall’s main conference room on the 9th.

Among the six companies, Standard Test Research Institute Co., Ltd., Woori Technology Co., Ltd., and Inzi e-Solution Co., Ltd. will relocate to or newly invest in the Yuseong Dungok Industrial Complex.

Daseong Co., Ltd., a company specializing in the manufacture of automobile parts currently operating in the Namdong Industrial Complex in Incheon, will relocate to the Pyeongchon Industrial Complex in the Seo-gu district.

Hanil Communication Co., Ltd., a manufacturer of security cameras and video surveillance equipment, and Hansco Co., Ltd., a manufacturer of rolling equipment parts for defense products, will make new investments and move into the Daejeon Industrial Complex in Daedeok-gu. Hansco Co., Ltd. also plans to expand its investment in the Daedeok Industrial Complex.

Lee Jangwoo, Mayor of Daejeon, said, “I am grateful to the companies that have decided to invest in Daejeon despite the continued difficulties in the domestic and global economy due to uncertainties in the world economy. We will steadily push forward with the development of the 5.35 million-pyeong industrial complex so that companies investing and moving in will experience no inconvenience, and we will provide maximum administrative and financial support.”