Miryang-si Signs 45 Billion Won Investment Agreement With Oweltech and Bean Food

Job Creation and Industrial Revitalization... Boosting the Local Economy

Miryang-si in South Gyeongsang Province signed an investment agreement worth a total of 45 billion won with Oweltech Co., Ltd. and Bean Food Co., Ltd. at the Gyeongnam Provincial Government building.

Under the agreement concluded on the 23rd, Oweltech Co., Ltd., an aluminum recycling specialist manufacturer, will invest about 20 billion won in the Miryang Yongjeon General Industrial Complex to establish production facilities.

Miryang City signs investment agreement worth 45 billion won with two companies. Provided by Miryang City

In addition, Bean Food Co., Ltd., a food manufacturing company that produces frozen dumplings and other food products, will invest about 25 billion won in the Miryang Nano Convergence National Industrial Complex to build new manufacturing facilities.

The city expects that attracting these companies will not only create a substantial number of new jobs, but also have positive spillover effects on the local economy as a whole, including revitalizing related industries.

A Miryang-si official said, "We are deeply grateful to the two companies for believing in Miryang's future value and deciding to invest," adding, "We will spare no effort in providing full administrative and institutional support so that the investments can proceed smoothly as planned, enabling the companies to grow and the region to gain vitality."