Seonil Mulsan Signs 42.55 Billion Won Investment Agreement
Plant Construction to Begin in December
179 New Jobs and Positive Economic Impact Expected
The Gwangyang Bay Area Free Economic Zone Authority (hereinafter referred to as Gwangyang FEZ Authority) announced on November 27 that it had signed an investment agreement worth 42.55 billion won with Seonil Mulsan Co., Ltd. to build a production facility for export-oriented seasoned seaweed within the Seopung Industrial Complex in Gwangyang.
The agreement was signed in writing on November 27, in cooperation with Jeollanam-do Province and Gwangyang City.
Aerial view of Seopung Industrial Complex in the Gwangyang Bay Area. Provided by Gwangyang Bay Free Economic Zone Authority
Seonil Mulsan, a food processing company headquartered in Yeonsan-dong, Mokpo, has grown into a mid-sized enterprise with annual sales of around 40 billion won since its establishment in 2000. The company plans to invest a total of 42.55 billion won to build a new export-oriented seasoned seaweed production plant on an 18,046-square-meter site within the Seopung Industrial Complex, creating 179 new jobs. Construction of the plant will proceed sequentially from December 2025 to October 2026.
Jeollanam-do Province, Gwangyang City, and the Gwangyang FEZ Authority plan to actively provide administrative and institutional support to ensure the company’s early settlement and stable operations. Seonil Mulsan has also pledged to hire local talent, utilize local companies, and expand the purchase of locally produced goods, demonstrating its commitment to mutual growth with the local economy.
The company also stated that it would actively consider introducing eco-friendly energy facilities in the event of future production capacity expansion.
This investment is expected to expand the food processing industry base within the Seopung Industrial Complex, enhancing the competitiveness of local agricultural and marine product processing and fostering the development of export-oriented food industries. It is also projected to make a significant contribution to diversifying the Gwangyang region’s industries and creating jobs.
Koo Chungon, Commissioner of the Gwangyang FEZ Authority, stated, "This investment by Seonil Mulsan Co., Ltd. will become a new growth engine for the food processing industry in the Gwangyang region," adding, "We will continue to promote the creation of quality jobs and the advancement of local industries through the strategic attraction of companies."
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