Chungnam’s 8th Administration Holds First Investment Briefing for Domestic Companies
Daily King Signs 54.1 Billion Won MOU, Five Companies Express Intentions for 64 Billion Won Investment
Chungnam Province, which is on the verge of attracting 40 trillion won in domestic and foreign investment, has launched an on-site outreach campaign targeting companies in the Seoul metropolitan area.
At this investment briefing session, which was personally led by Governor Kim Tae-heum, Chungnam Province signed an investment agreement worth 54.1 billion won with Daily King, a rice noodle company, and secured letters of intent for investments totaling 64 billion won from five additional companies.
On November 3, Chungnam Province held a joint investment briefing at the Kukmin Ilbo Building in Seoul to attract companies from the Seoul metropolitan area and anchor enterprises.
The event was attended by more than 200 people, including Governor Kim Tae-heum and representatives from 120 companies. Chungnam’s business support strategies were highlighted, including 1.3 trillion won in SME development funds and plans to operate a 600 billion won fund.
During the briefing, the province emphasized its strengths: investment subsidies of up to 50 billion won, the nation’s top-tier industrial clusters, logistics infrastructure based on an extensive transportation network, and an excellent workforce.
Governor Kim stated, “Since the launch of the 8th popularly elected administration, we have attracted 38.3 trillion won in investment from 291 companies. We will strive to reach 45 trillion won during my term.”
According to the MOU signed that day, Daily King, a rice noodle specialist, will invest 54.1 billion won in the Janghang National Industrial Complex in Seocheon, relocate its Vietnamese factory to Korea, and newly hire 150 employees.
In addition, five companies in fields such as AI software, cosmetics, and livestock equipment expressed intentions to invest a total of 64 billion won.
Governor Kim emphasized, “Small and medium-sized enterprises and mid-sized companies are the backbone of the local economy. Chungnam will be a reliable partner, providing unwavering support until companies are firmly established in the region.”
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