Gwangyang Free Economic Zone Authority Signs 20 Billion Won Investment Agreement with Kimiga Co., Ltd.

Establishment of Export-Only Production Facility in Sepung Industrial Complex
Specialized Seasoned Seaweed Producer... Creating 170 New Jobs

The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Koo Chung-gon) signed an investment agreement worth 20 billion KRW with Kimiga Co., Ltd. (CEO Kim Taehan), a company specializing in seasoned seaweed for export, at the Seo Jae-pil Room of Jeonnam Provincial Government Office on the 8th.

Through this agreement, Kimiga Co., Ltd. will establish an export-only production facility on a 15,000 square meter (approximately 4,600 pyeong) port hinterland site within the Sepung Industrial Complex in the Gwangyang Bay Area.

Park Changhwan, Vice Governor of Jeollanam-do for Economic Affairs, is signing an investment agreement worth 43.4 billion won with three companies: Kimiga Co., Ltd., Namdo Food Co., Ltd., and Jwellive Co., Ltd., on the 8th at the Seojaepil Room of the provincial office. Provided by Gwangyang Free Economic Zone Authority

Kimiga Co., Ltd. is a company specializing in seasoned seaweed, actively exporting not only domestically but also to North America and Southeast Asia. This investment in Gwangyang is expected to create approximately 170 new jobs.

Last November, Jeonnam Province established the 'Food Industry Promotion Plan' and has been focusing on establishing a value chain that encompasses processing, distribution, and export, moving beyond the existing production-centered system.

In particular, 'gim' has emerged as a leading future strategic item, ranking first among single seaweed export items.

The Gwangyang Sepung Industrial Complex is highly regarded for its excellent port accessibility and logistics infrastructure, making it a promising hub for food processing and export.

This investment is expected to serve as a signal for transforming the Sepung Industrial Complex into an advanced base for the future food industry.

Koo Chung-gon, Commissioner of the Gwangyang Bay Area Free Economic Zone Authority, stated, "We expect that this investment in the gim industry, which achieved 1 trillion KRW in exports for the first time among seafood products last year, will serve as an important milestone for the Sepung Industrial Complex to establish itself as a hub for food industry exports," adding, "We will actively support the successful investment of Kimiga Co., Ltd."