Gyeongnam-do announced on the 20th that it has signed an agreement with four companies, including LG Electronics, Romansys, GMB Korea, and Gyeongnam QSF, to invest 371 billion won in Changwon and Hadong and hire 939 new employees. Changwon City, Hadong-gun, and Gwangyang Free Economic Zone Authority also participated in the agreement.
With this investment agreement, Gyeongnam-do expects to lead the Green New Deal by expanding the corporate R&D base, attracting key industries and attracting low-carbon, green growth companies to achieve innovative growth in the manufacturing industry and job creation effects.
The signing ceremony of the investment agreement for Gyeongnam manufacturing industry activation and Green New Deal Leading Company was held in the provincial government office on the afternoon of the 20th. Jeong-Sik Jang (from left) CEO of Romansys, Mayor Huh Seong-moo, Mayor of Changwon, Jae-cheol Ryu, Head of LG Electronics H&A Project, Governor Kim Gyeong-soo, Governor Jeong Se-young, CEO of GMB Korea, Yang Won-don, CEO of Gyeongnam QSF, Hadong Gun-soo, Kim Gap-seop, Gwangyang Free Economic Zone Commissioner. / Reporter Seung-kwon Kim/
According to the figure, LG Electronics Co., Ltd. plans to invest 50 billion won in the idle site of Changwon 2 factory in Seongsan-gu, Changwon-si to build an integrated home appliance test room and hire 30 researchers. This is to shorten the new product development cycle and strengthen quality verification
LG Electronics completed the Changwon R&D Center in 2017 to transform the Changwon Plant into a global premium home appliance core base, and is also pursuing the transition to an eco-friendly smart factory in Changwon Plant 1.
GMB Korea Co., Ltd. plans to expand R&D centers and factories in the field of electric and hydrogen car parts by investing about 60.8 billion won in the Changwon National Industrial Complex for five years from this year to 2025, and directly hire 57 people.
GMB Korea, a foreign-invested company invested by Japanese capital, is a leading auto parts and eco-friendly auto parts production company in Gyeongnam. This investment is significant as it is the first foreign investment in Gyeongnam this year and the first case in the province where a foreign-invested company reinvested undisposable retained earnings in Korea.
Romansys Co., Ltd. plans to invest 104.9 billion won in the Changwon National Industrial Complex by 2023 and hire 702 new employees to build a domestic electric vehicle production plant and test track for finished vehicles. Romansys, a national key industry railway vehicle manufacturing and major component manufacturer, started investing in the province through an investment attraction briefing in Gyeongnam Province in 2018. Through win-win cooperation, such as aggressive technology development and investment, and technical support from Hyundai Rotem, we successfully delivered 10 locomotives for export to Bangladesh last year. It is planning to establish itself as a representative railroad vehicle manufacturer in Gyeongnam through this investment.
Gyeongnam QSF Co., Ltd. is a company possessing the technology of a cryogenic cold chain logistics system that is completely independent of energy and invests 155.4 billion won by 2023 in the Daesong General Industrial Complex in Hadong-gun. An ultra-low temperature rapid freezing system utilizing LNG cooling and heat will be established and a food factory and distribution center will be established, and 150 new employees will be employed. The plan is to build a hydrogen fuel cell power plant, photovoltaic power generation facility, and energy storage system, which is expected to energize the promotion of the Green New Deal in Gyeongnam.
According to the agreement, Gyeongnam-do plans to focus on business-specific support and job creation.
Governor Kim Gyeong-su said, “It is a special welcome to deliver hopeful news for the future through investment through investment in difficult and difficult times.” Thank you.”
Governor Kim and Mayor Heo Seong-moo, Mayor of Changwon, Sang-Moo Yun, Gunsu Ha Dong, Gap-seop Kim, Director of Gwangyang Bay Area Free Economic Zone Authority, Jae-cheol Ryu, Head of H&A Business Division of LG Electronics, Jeong-Sik Jang, CEO (Chairman of Romansys), Se-young Jeong, CEO of GMB Korea, and Won-don Yang, Kyungnam Q Representative director of SF Co., Ltd. attended.
Reporter Kim Hee-jin