|Chungbuk-do Signed Investment Agreement with Three Companies|
According to Yonhap News,
Chungbuk-do (North Chungcheong Province) signed investment agreements with three companies: INFAC, an automotive parts manufacturer, Dr. Spiller, a cosmetics company, and NDFOS, a plastic film producer.
The Province said that INFAC plans to invest KRW 20 billion to relocate its factory in Ansan, Gyeonggi Province to Chungju High-Tech Industrial Complex, and Dr. Spiller will invest KRW 20 billion by 2015 to move its factory and research institute to Cheokbuk-ri, Nami-myeon, Cheongwon-gun and build a hub experience park.
NDFOS will construct a film production factory in Samjeong-ri, Daeso-myeon, Eumseong-gun by injecting KRW 23.9 billion by 2014.
Chungbuk expects that about 350 jobs will be generated from the investment of those companies.
The Province added that the fifth government elected by popular vote has attracted 33 companies and KRW 2,454.1 billion investment.
Source: Yonhap News (Feb. 22, 2011)
**This is an English translation of a Korean news article.