Attracting Numerous Leading Companies in Advanced Industries Such as Semiconductors, Bio, and Defense
Buron Industrial Complex Tax Reductions and Subsidies... Accelerating Investment Attraction Next Year
Wonju City, Gangwon Special Self-Governing Province (Mayor Won Gang-su) announced on the 23rd that it signed investment agreements (MOUs) with a total of 16 companies this year, attracting investments worth 455.2 billion KRW and creating 811 new jobs.
Wonju City, Gangwon Special Self-Governing Province, signed investment agreements (MOUs) with a total of 16 companies this year, attracting investments worth 455.2 billion KRW and creating 811 new jobs. The photo shows the exterior view of Wonju City Hall. Photo by Wonju City Hall.
Despite domestic and international economic downturns, the city achieved the highest investment attraction performance ever, which is evaluated to brighten the future prospects of the local economy through revitalization and job creation.
According to Wonju City, alongside the solid growth in the existing medical industry sector this year, it attracted excellent companies in advanced industries such as semiconductors (DS Techno Co., Ltd.), bio (Nexus Pharma Co., Ltd., BC World Pharmaceutical Co., Ltd., Cellac Bio Co., Ltd., Genewell Co., Ltd.), secondary batteries (Nano Intech), e-mobility (SeAH Special Steel Co., Ltd.), and defense industry (Korea Precision Materials Industry Co., Ltd.).
In particular, by attracting investments from excellent companies producing high value-added products, the city secured future new growth engines while diversifying the local industrial structure, laying the foundation to respond more proactively to the rapidly changing industrial environment.
Wonju City has actively visited companies and maintained close communication to create an investment environment that meets corporate needs. As a result, despite the nationwide manufacturing market downturn and reduced corporate investments, it has achieved balanced investment attraction across all manufacturing sectors, receiving even higher evaluations.
Meanwhile, Wonju City plans to actively pursue the attraction of advanced excellent companies next year as well. First, the ‘Semiconductor Consumables Demonstration Center’ and the ‘Future Car Electronic Components and System Semiconductor Reliability Verification Center’ to be established in the Buron Industrial Complex have passed the 3rd Local Finance Central Investment Review and are scheduled to begin full-scale projects starting next year.
Additionally, with the designation of the Buron Industrial Complex as an Opportunity Development Zone, investing companies will be able to receive various tax reduction benefits and additional subsidies, which will further promote active corporate attraction in the future.
Mayor Won Gang-su of Wonju said, “Although it was a difficult year due to domestic and international economic recessions and uncertain investment environments, we achieved good results as a fruit of efforts to create a business-friendly city.” He added, “Next year, we will prioritize revitalizing the local economy in our administration and continue corporate investment attraction activities to secure growth engines.”
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